some thoughts from the firm

Houston CPA Gary Cooper, managing partner of Cooper CPA Group, PC and Exit Advisors, LLC, lists the top three tips for selling a business.

We are all aware that taxpayers can benefit from both donating cash and non-cash items such as clothing, furniture, and appliances to Goodwill or The Salvation Army. But what about larger items such as real estate? What about a house?

What will you need to sell your life long investment?

You go to school many years to learn your profession.  Typically you work for several years to obtain your skills and technique.  Then the big plunge: you borrow money and go out on a limb to purchase a business or build one from the handle.  Like most mechanics in a professional function, there is a right way, and there is a wrong way.  You learn from your mistakes; some are critical.

After reviewing, several clients that have left the firm due to fees and potential errors made in the filings.  I have detected some common denominators. 

Our clients need to enable us to be creative with planning, strategy, and procedures.  If we're able to have the time to truly look under the hood, we can create positive changes in your infrastructure.  If we were put in a box, it will limit our ability to assist you with the last 10% is really the differentiator. 

Are you considering transferring ownership in your business to your staff, a family member or third party? I truly know how you feel.  I can be empathetic because I have experienced  transferring a business to a new 50% partner, transferring a minority share to an employee, selling a business to a third party, and actually purchasing a business from a third party.  Each transfer had a unique flavor and having someone in your court with experience in each of the situations is very important.  You are looking for the best possible outcome in a transaction where you may have no experience or this may be the one and only time you ever transfer ownership in a business you built.

Crystal Ball Consulting encompasses the entire stream of activities necessary to allow an entrepreneur to successfully implement and execute functionality in order to grow a strong business structure that allows for future development and a well-planned succession program. We work in collaboration with trained professionals in all aspect of a business to increase our client’s success rate.

In light of the recent storm and possible damage to homes and businesses throughout Houston and the surrounding areas, Cooper CPA Group is utilizing our skills and experience to help you navigate through the complex tax and accounting tasks that may arise in the coming days.  Below we are providing a summary of important information regarding your tax filings and related tax deductible items.  We would also like to highlight select accounting and tax services that could be beneficial to you, or someone you know.  Please feel free to share this listing with anyone needing assistance on a temporary or permanent basis.

We are a public accounting firm that is actually in the communication industry. When you call for an appointment, you will be greeted by a Cooper CPA team member who has superior customer service experience.  She will typically be able to answer many questions related to our service offerings and related prices.