Our Founder and former President, Jim Wilkinson unexpectedly passed away in his sleep on June 15th, 2017. We are grateful for the time we had with him and to work for the incredible organization he built. He is survived by his bride of 34 years and his two beautiful daughters. You can read his full
Ready or not, it’s time to start the process of preparing your 2016 forecast. While it may seem a bit premature, a walk down the aisle of your favorite home improvement store to check out their (already) prominently featured holiday displays tells the story. Some of this can definitely be attributed to overzealousness to capture the consumer’s holiday
See Also: Economic Value Added Employee Stock Ownership Plan Future Value Balance Sheet Income Statement A Guide to Preparing an Exit Plan Are you like many business owners? A majority of closely held and family owned businesses will change hands within the next five years. But many Business Owners may not have taken active steps
See Also: Pledged Collateral Collateralized Debt Obligations Debt Ratio Analysis Debt Service Coverage Ratio (DSCR) Convertible Debt Instrument Asset Based Financing Secured Claim Definition The secured claim definition is debt backed by collateral. It can refer to loans, mortgages, bonds, and other financial debt instruments. As stipulated in the debt contract, the debtor backs the
See Also: Debtor in Possession Financial Distress Costs Insolvency Reorganization Definition Reorganization is when a bankrupt company restructures its debt obligations without going out of business. During reorganization, the debtor retains ownership of its assets and continues business operations. The debtor then renegotiates the terms of its debt obligations to creditors. If a company is
Preferred Stocks (Preferred Share) Definition Like common stock, shares of preferred stocks (preferred share) represent ownership of a public corporation. However, unlike common stock, preferred stock typically does not give the owner voting rights. Preferred stock usually pays a dividend. But due to its preferred status, preferred stockholders will receive dividend payments before common stockholders.
Personal Credit for Commercial Loan Personal credit for commercial loan is generally more important in obtaining a loan when the size of the company is small and/or the owner(s) make most, if not all, significant business decisions. This is due to the potential for an individual’s approach to business to mirror how they conduct their personal financial
See Also: Why Exit Planning Cafeteria Plan Evaluating and Renewing Employee Health Insurance Plan Insulate Your Company from Rising Health Insurance Costs How to Hire New Employees PEO or Outsource Payroll Budgeting 101: Creating Successful Budgets How to Select a PEO Employee Stock Ownership Plan (ESOP) An employee stock ownership plan (ESOP) is a type
Commercial Lease Definition A commercial lease generally speaking refers to the use of office space, warehouses, or even the land itself without the hassle of ownership. These assets are used in return for periodic payments or commercial lease payments. Commercial Lease Explained Commercial leases have several advantages over simply owning the fixed assets, but also
See Also: Fixed Assets Current Liabilities Long Term Debt Sale and Leaseback Working Capital Secured Claim Capital Lease Agreement A capital lease is a type of long-term lease agreement. A capital lease is recorded on the lessee’s balance sheet. This type of lease typically spans most of the useful life of the asset. In a
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