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Business Sale: Who Owns Professional Goodwill?
When a professional corporation sells its assets or liquidates, one important tax issue is whether the corporation or the shareholder-employees own any appreciated professional goodwill (with a fair market value in excess of tax basis). So, who owns professional goodwill -- the professional corporation or the shareholder-employees in it? For tax purposes, the answer can make a big difference when…Read More -
M&A – Combinations for Growth
Mergers and acquisitions offer opportunities for growth that can provide many benefits to your existing business. But they also present many chances for taking a wrong turn. Click "Read More" for a rundown on the challenges of combining with another company.Read More -
Tax changes for 2013
Looking for a concise listing of the tax changes for 2013 as compared to 2012? Some of the dollar amounts change due to inflation. Other amounts are changing due to legislation. Click here for a complete listRead More -
Building Good Leaders: The Role of Coaching
Employees will walk over hot coals, figuratively speaking, for a boss they admire and respect. Such leaders can be hard to find, however. If you aren't already over-supplied with them, you can play a role in turning that around. But your own ideas about what makes a good boss might be at odds with your employees' -- and their opinions…Read More -
Business Resolutions Successful People Keep
Ever notice how successful leaders just seem to identify important things and consistently get them done? As we kick off a new year and write our own list of resolutions (both personal and professional), I thought it would be worth taking a look at how the most successful people approach this task. This article from Forbes touches on 10 business…Read More -
Advice from biotech CFOs
A recent panel featured three CFO's, including Brian Monboquette, a director at Fahrenheit Finance, discussing the role they serve in start-ups. CFOs do more than keep the books balanced. They can also drive a company’s capital-raising efforts and have a strategic impact. Brian Monboquette, a director at Fahrenheit Finance, has 35 years of experience as a financial and tax advisor,…Read More -
Addressing Cash Needs During Tough Times
Your business has been riding the waves of the economic storms over the last three to four years without being swamp by the rogue waves of the loss of major customers, threat of new product innovations from competitors, and dramatic increases in material prices. You and your team have been plowing through the sloppy seas that have slowed down the…Read More -
Ingredients of Confident Leadership in a Crisis—and Ordinary Times
Successfully leading a team or company through a severe and sudden crisis is not something that only so-called "born leaders" can do. More typically, it is accomplished by people willing to undergo a deliberate disciplined process, based on five principles. So says Kevin Sweeney, a retired Air National Guard pilot and subsequent business leader who, with his crew, landed a…Read More -
Secrets from RVA entrepreneurs on raising and managing startup capital
November 8, 2012 Adam Foldenauer Sorry, but the angel of cash will not just descend from the clouds with a check. You'll have to work at it. By Adam Foldenauer People, not business plans, are the most important ingredient for a fruitful pursuit of startup capital. Of the advice offered by last night’s panel on attracting and managing investment…Read More -
Seller’s Side Due Diligence Checklist (Part 1)
When it comes to due diligence procedures, much attention is focused on those who want to buy a business. But sellers must also conduct due diligence investigations and it's important to take an organized approach. That way, you'll stay focused on the most important issues and avoid becoming distracted by less-significant factors. Sticking with a methodical approach also reduces the risk of…Read More -
Lessons from the Worst Managers and the Best
Robert Goodell is an executive coach who helps companies and individuals make the most of their human potential. During his more than 25 years in the field, he has found that about 20 percent of managers are very good, another 20 percent are very bad, and the rest fall in between. He recently asked a group of managers to describe their best…Read More -
Register for Nov 8 Event – How successful entrepreneurs find and manage their startup capital
November 8 Work It, Richmond Event - How successful entrepreneurs find and manage their startup capital Startups of all sizes are faced with a difficult question: How do you raise money from angel investors and venture capitalists? Once they figure that part out, too many startups fail to consider a second, equally important one: What should you do with the…Read More