September 4, 2019
Since WeWork’s S-1 was filed, the company has come under a fairly significant amount of scrutiny by potential investors. It appears as though there are very few people left in the group that would consider themselves bullish on the stock and the pending IPO. One of the most glaring items in the S-1, that was not entirely new information, was the extent of the transactions taking place between WeWork and its founder, Adam Neumann.
August 13, 2019
The escalation of the negotiations has caused uncertainty in global markets and many American companies with supply chains based in China are weighing their options of extending relations with Chinese manufacturers. But have the trade negotiations initiated by the current Administration been the main reason for companies’ considerations for moving supply chains out of China?
August 8, 2019
When taking your company to the market, it may pay off handsomely to find the right buyer. The right buyer, is often one that is in the same or similar industry as your company, and may be willing to pay a premium in excess of what a simply financial buyer would pay. This blog post explores how a strategic buyer might determine the valuation of a target company in contrast to how a financial buyer would potentially place a price tag on the same target.
July 31, 2019
Up until this new standard, many employee benefit plans were subject to what has been known as a “limited-scope audit” as long as the plan sponsor obtained a certification of the investment information from a qualified custodian or trustee. The new standard will refer to these audits as an “ERISA section 103 (a) (3) (c) audit”.
July 24, 2019
The cannabis industry and complex regulation go hand in hand, so it is no surprise that the regulations surrounding packaging and labeling of cannabis and cannabis infused products would be among the most extensive and tricky to navigate.
July 22, 2019
Occupational fraud is generally a result of individuals having the opportunity, rationalization, and pressure to commit the acts. While a company may have little to no control over the outside pressures that an individual might have to push them to commit fraud, controlling the opportunity afforded to employees and other third-parties can greatly reduce the likelihood of fraud in your organization. Construction companies should focus on the following in order to reduce likelihood of fraud, and increase the chance of catching fraud if it occurs:
Ready to sell your Profitable Business? Not Taking Advantage of this one Investment Could Harm its ValuationJuly 17, 2019
When thinking about your exit strategy options, there is an important advanced decision making process that needs to take place. This process has the potential to increase your total return, and it should without a doubt include, investing in a financial statement audit. This key piece is often overlooked, at the detriment to many business owners.
July 11, 2019
Cannabis is not legal for federal purposes, which means businesses operating in this industry are subject to Section 280E of the tax code. However, Cost of goods sold is not considered a tax deduction for purposes of Section 280E, and is instead considered an adjustment to gross income. Therefore, businesses operating in the cannabis industry are still able to reduce their gross revenue by the cost of goods sold that they incur.
July 1, 2019
Proposed legislation in the cannabis industry is constantly changing. Two current pieces of proposed legislation have the potential to make a strong impact on the cannabis industry. The House of Representatives has confirmed they do no want to interfere with state laws, and NYS decriminalized recreational cannabis, rather than making it legal. One is a positive for cannabis advocates, the other a let down.
June 19, 2019
Peloton is the latest technology company to file paperwork for an imminent IPO in 2019, joining the likes of Uber, Lyft, Zoom, and Pinterest. Peloton is not a typical fitness equipment company, and boasts a valuation similar to that of a high growth software company. John Foley, one of the co-founders and current CEO of Peloton was the subject of my favorite episodes of the “How I Built This” podcast and I strongly recommend it for anyone looking to learn more about the Peloton story from its inception.