THE SITUATION: A tech executive was being transferred to New York City and, with his wife, began house-hunting in Westchester County. His financial advisor at Merrill Lynch referred him to a mortgage rep at Bank of America. He found a home, went to contract, and began the mortgage process.
THE PROBLEM: Despite pressure from his advisor to use Bank of…
For owners looking to sell their business, it can be a daunting and confusing task. Not only the process itself, but hiring the right team can be difficult, especially when one isn’t well versed in the mergers and acquisitions (M&A) industry. There are two main types of firms who sell businesses – business brokers and M&A firms (also known as…
For a CEO, leading a sub-$100M business is not a junior version of leading a $500M one – it’s a completely different animal altogether. The difference isn’t just in the simplicity of smaller companies-fewer product lines, leaner teams, and more straightforward go-to-market strategies – it’s in the kind of leadership that drives success.The biggest shift I’ve observed? Who I’m actually…
THE SCENARIO: A successful investor wanted to expand his portfolio into real estate. While browsing properties, he encountered an overly eager real estate agent pushing a condo purchase. Fortunately, his CPA urged him to speak with me first.
THE PROBLEM: During our consultation, I reviewed his finances and investment qualifications. I emphasized one essential rule: every rental property must generate…
SCENARIO: Borrower was purchasing a multi-family property for investment purposes. He was a sophisticated investor, already owned multiple properties, and he was self-employed. This borrower owned and operated multiple companies and received income from twenty different entities, all which filed tax returns every year. This borrower felt he was a high-income earner. His credit was excellent. Plus, his investments and…
Successful small and mid-sized business owners know how to wear a lot of hats and how to quickly switch between gathering information, synthesizing data and making a quick decision. One minute, you’re reviewing numbers with your CFO, the next you’re managing a line change, then deciding on a new hire. However, marketing is different, it’s a nuanced function that works…
SCENARIO: First time buyers are looking for a home on Long Island’s north shore. Recently married and already expecting their first child, he is a rising star at his exclusive law firm. His income is projected to rise dramatically over the next several years.
PROBLEM: While his financial future looks bright, his current income is making it difficult to afford…
On May 30th at 1pm EDT (10am PDT), Jonathan Weinberg (LV2) from Withum Smith and Brown, along with Katherine Loughead from the Tax Foundation, will present a webinar for Strafford on state taxation of non-resident income. This webinar will provide an overview of the nonresident individual income tax filing and withholding laws in all 50 states. Our panel of state…
What Good Is an Empire If You Can’t Take a Vacation?You built your business to give you freedom.
Freedom to choose how you spend your time.Freedom to focus on the work you love.Freedom to be present for the people who matter most.
But somewhere along the way, that freedom got buried under operations, hiring issues, cash flow stress, and a…
