How to Creditor Proof Your Auto Dealership
Planning and implementation of creditor-proofing strategies can only be undertaken when a business is solvent and operating in the ordinary course of business. Attempts to creditor-proof during insolvency are subject to significant legal challenge through a number of Legislative Acts.
Businesses work hard to increase their operating performance, solidify their working relationships with suppliers and adapt to a changing sales platform involving technology advancements and intense competition. Other than equity retained in the business, the typical categories of financing include working capital financing, equipment and leasehold improvement financing and real estate financing. Lenders often respond … Continued
If selling your business is an option that you wish to explore and possibly move forward with, we highly recommend that you follow a structured process involving preparation and market execution. Further, expect timelines of six to eighteen months to complete the process depending on the nature of your business and ‘sale readiness.’ SB Partners’ … Continued
Recently, I had the privilege of meeting with a group of financial professionals to discuss CFO/Controller succession planning. The subject was topical given findings from a 2013 study authored by the Financial Executives International Canada, the Canadian Financial Executives Research Foundation and Robert Half that cited only about one-third of SME private businesses had developed … Continued
Attending a wealth management conference this past weekend, I had the opportunity to hear two (2) interesting economic forecasts from TD Bank and National Bank.
Government regulations aside, it really isn’t that difficult to start a small business if you progress through the appropriate stages. Most challenging is the planning and market research you should do ahead of time to ensure your business will be viable. It takes effort, planning and financing to be successful and there aren’t really any … Continued
Many of our clients provide generous donations of money, goods and services to numerous worthy causes, including community and national organizations, we thank them for that. However, we have seen numerous cases where CRA re-assessment issues would have applied without corrective action prior to the filing of annual income tax returns. Additionally, we often interact … Continued
You can effectively mitigate your foreign currency exposure by taking pro-active measures. Why leave your company exposed to potentially lethal financial impacts related to foreign currency fluctuations. If you have been a net exporter (i.e. manufacturing in Canada, however selling more in the U.S.) or net importer (i.e. importing from the U.S., however selling more … Continued
We urge everyone to pay close attention to U.S. Estate tax matters considering pending changes effective January 1, 2011. Although repealed for 2010, we understand that new Estate tax rules will be introduced with application to both U.S. citizens and to foreign individuals who own real estate situated in the U.S. Immediate consideration should be … Continued