A Greedy Guest
For a Labor Day cookout, you should plan on having plenty of burgers just in case one of your guests gets a little greedy. A guest just like the IRS
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Dog Days and Rising Stars
I learned late in life that the term "Dog Days" had a rich Greek heritage and nothing to do with lazy dogs on hot days. Similarly, you may be wrong about terms like cash cycle, intangible value, business valuation and others that can affect the success of your business.
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Whirlwind Courtship, Embarrassing Result
Walgreens, a company that should know better, thought Elizabeth Holmes’ startup Theranos would revolutionize blood testing; and they helped drive an unproved company to a valuation of over $9 billion. They leaped before they looked.
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The IRS Says,"Pass"
Because of the Emancipation Day holiday, the IRS let you take an extra three days to file. This weekend pass was nice, but they don't grant passes when you have gifted shares or stock grants over $10,000 in a privately held firm
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Lessons from a Daredevil
Kirk Kerkorian may have been a daredevil pilot and a lightweight boxer, but after making a few multi-billion dollar deals, he has a few lessons for business owners about valuation
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Don't Be a Poisson d'Avril
In sixteenth century France, you were considered a “poisson d’Avril, an April fish, a fool, if you didn’t know that Pope Gregory had changed the Julian calendar and made New Year’s Day January 1 instead of April 1. Don’t let yourself be fooled when you’re considering a deal that involves the real value of a business.
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The Jed Clampett Defense
Remember Jed, the Beverly Hillbilly? He's back, this time as a courtroom defense strategy. Because Jed did nothing to earn his wealth, the defense that shares his name seeks to reduce the valuation of assets.
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Business ValuationHow do you know what your company is worth? Why does it matter?
Read more--> Buy-Sell Though a buy-sell agreement may have been right for your company when first drafted, it's not perpetual. It is mandatory to revisit and review.
Read more--> Buy-Sell RepriseResponse to the
Buy-Sell newsletter (above) underscores the risks of an outdated agreement.
Read more--> Business Acquisition: Beware the Sirens!When looking to buy a business, I can help you resist the siren call of a seemingly wonderful deal with a disciplined inquiry into the realities of the proposition.
Read more--> Evel Knievel - Not a Role Model for Prospects Looking to Buy Your BusinessEvel Knievel was a daredevil's daredevil, with each of his death-defying feats topping his last. Don't assume your prospects are as interested in risk.
Read more--> You and Al Capone Recently, the nation marked the eighty-first anniversary of the conviction of Al Capone. As you may remember, Mr. Capone avoided prosecution for a lifetime of crime only to fall to charges of ignoring his taxes. Though not facing prison, many successful individuals today are at risk of paying a very high price for failing to be attentive to tax laws.
Read more-->The Louisiana Purchase - A Valuation MessIf ever a deal needed valuation assistance, it would be the Louisiana Purchase. Dwarfing virtually any land transaction in history, key elements of the Purchase came close to comedy.
Read more -->Court Rules Fair Value Isn't Always FairA recent decision by the Superor Court of New Jersey, Appellate Division, may have far-reaching implications involving litigated business valuations.
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