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Preparing Your Early Stage Company for an Exit

Preparing Your Early Stage Company for an Exit Are you ready? Lyrics from the song of the same name – by Pacific Gas & Electric (circa 1970) So, I tend to blog about recurring items I see in our practice. In this case, over the last few weeks, we have been approached by a couple...

Business Models Are Not Business Plans

Business Models Are Not Business Plans Ace Ventura: [to Lt. Einhorn] Whew… now I feel better. ‘Course, that might not do any good; you see nobody’s missing a porpoise. It’s a dolphin that’s been taken. The common harbor porpoise has an abrupt snout, pointed teeth and a triangular thoracic fin. While the bottlenose dolphin, or...

IRS is Catching Up With Modern Technology: The Taxation of Bitcoin

IRS is Catching Up With Modern Technology: The Taxation of Bitcoin Bitcoin, the virtual currency that tech savvy consumers can use to purchase anything from the latest music on iTunes to a Lamborghini off a showroom floor, has been around since 2009 but just recently hit the radar of U.S. regulators. Recently, the IRS issued...

I Am In This Business, But I Have To Get Out

I Am In This Business, But I Have To Get Out Partial quote from Young Frankenstein by Mel Brooks Dr. Frederick Frankenstein: . . . No matter what you hear in there. No matter how cruelly I beg you… Do not open this door or you will undo everything I have worked for. Inga: Yes,...

3 Strategies for Preventing Procurement Fraud

As recently profiled on our Financial Statements blog, research by Pricewaterhouse Coopers notes that a staggering number – 30% – of US organizations report incidences of procurement fraud. The research defines procurement fraud as “illegal conduct by which the offender gains an advantage, avoids an obligation, or causes damage to his organization.” The recent trial...

Who Do I Leave My Business To?

Who Do I Leave My Business To? Quote: Don Corleone: Well, Michael is now head of the family and if he gives his permission then you have my blessing.  Mario Puzo – The Godfather This question is perhaps the most important decision for any parent who has owned a business.  Though ownership and leadership are...

Making Connections in Europe

Making Connections in Europe GUEST BLOGGER Corney Versteden, LLM Senior Tax Partner HLB Van Daal & Partners NV in Waalwijk, The Netherlands   One thing I learned over the years from being an international tax advisor is that the profession it is not just built on technical knowledge. Practical experience and knowing who to contact...

Announcing “Withum on Wall Street”

Announcing “Withum on Wall Street” As the breadth and scope of the financial services group at WithumSmith+Brown has experienced explosive growth over the recent past to match the interests and concerns of our growing client base we are making some changes. We are adding new people, new expertise and … a new blog name. The...