In the dynamic world of business, planning for the future is as important as managing the present. The term “exit planning” isn’t just jargon; it’s a philosophy that encapsulates the essence of a well-strategized, successful culmination to your business’s lifecycle. However, the complexity of this process often overshadows its significance, leading many business owners to... View Article
The Corporate Transparency Act (CTA) is a federal law enacted as part of the Anti-Money Laundering Act of 2020 meant to reduce financial crime in small businesses across the United States. Specifically, the CTA requires that smaller, otherwise unregulated, companies file a report with the US Department of Treasury’s Financial Crimes Enforcement Network within their new Beneficial Ownership Secure System (BOSS), which the network may share with other government agencies and financial institutions who request it. The Act will come into effect on January 1st, 2024, for newly formed companies and on January 1st, 2025, for already existing companies.
You have spent years building your business, and you have grown it into a strong, profitable operation. It is now time to prepare your business for sale. Whether your goal is to sell the company in a few years or in a few months, it is never too early to ensure your business is attractive... View Article
Business leaders are asking if the business transaction landscape is changing, considering the pandemic. Do we see negative impacts on many businesses? To be honest, we don’t see much change – deals are moving forward with little change in the terms or contingencies. This may be due to the specific deals we’re seeing, or parties... View Article
