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A Big Capital Gain That Can Go Untaxed

A Big Capital Gain That Can Go Untaxed By: Eliot Goldberg, CPA, Principal – WithumSmith+Brown, PC Congress passed the 2015 PATH Act on December 18, 2015 in which it made certain tax provisions permanent. Generally, those provisions had repeatedly been extended for one or two years, frequently on a retroactive basis. One such provision made...

How to Avoid Fundraising Woes (Hopefully!)

How to Avoid Fundraising Woes (Hopefully!) “The hurrier I go; the behinder I get” – quote by Lewis Carroll I talk to so many startups that struggle with fundraising that at times it is really heartbreaking. Well-intentioned and motivated entrepreneurs seem to get their dreams crushed by turn-downs and wasted meetings. While I have been...

Selling Your Business – An Overview of the Process

Selling Your Business – An Overview of the Process “I am grieving. It’s a process – Dr. Ben Sobel (Billy Crystal) dialogue from the movie Analyze That My previous blogs have addressed a few factors impacting your decision to sell your business. They have covered points such as assembling the deal team, dealing with due...

Is Your Company Ready for a Real Board?

Is Your Company Ready for a Real Board? Col. Jessep: You want answers? Kaffee: I think I’m entitled Col. Jessep: You want answers? Kaffee: I want the truth! Col. Jessep: You can’t handle the truth! – dialogue from the film A Few Good Men Many entrepreneurs, especially younger ones, believe that forming a board is...

Is Your Business Model Sound?

Is Your Business Model Sound? “If it’s a penny for your thoughts and you put in your two cents worth, then someone, somewhere is making a penny.” – quote from Steven Wright. I love to listen to entrepreneurs and advisors talk about the value of a new venture. Even more enlightening to me is the...

I Am Ready to Sell My Business – Now What Should I Do?

I Am Ready to Sell My Business – Now What Should I Do? Quote: from High Anxiety by Mel Brooks (my favorite) Brophy: I got it, I got it, I got it [thump] Brophy: I ain’t got it. Sometimes, when Italk to entrepreneurs about their “plan” to sell their business, I begin to think of...

Caution – Those Equity Promises Can Really Hurt

Caution – Those Equity Promises Can Really Hurt “Nudge, nudge, wink, wink; say no more, say no more” – from a skit by Monty Python’s Flying Circus My partner and I have been making the rounds in a series of Lunch & Learns at various co-working spaces around NYC. Our normal fare is to discuss...

Due Diligence and Early Stage Companies

Due Diligence and Early Stage Companies “Surprise, surprise, surprise” – from Gomer Pyle USMC – played by Jim Nabors I have had the privilege of being involved in due diligence activities (both buy side and sell side) for dozens of companies of all sizes. I had the chance to blog (November 2013) about being prepared...

Franchising – A Road to Entrepreneurship

Franchising – A Road to Entrepreneurship Junior: “We goin’ Sizzler, we goin’ Sizzler,” – dialogue from the movie “White Men Can’t Jump” Sorry, but when I thought about franchising, this was the first thing that came into my mind; that ought to tell you something. So, the purpose of this blog is not to convince...