We are excited to announce that LB&A, Certified Public Accountants, PLLC has joined forces with Haynes Strand and Company, PLLC, a move that became effective December 1st, to create a three office CPA Firm, known as LBA Haynes Strand, PLLC. The firm will have offices in Matthews, Greensboro, and Mount Airy, North Carolina.
Tags: CPA firm, accounting firm, CPA, Audit, mergers and acquisitions, audit firm, outsourced accounting, M&A services, M&A, business valuation, accounting firms, tax services, tax preparation, best cpa firm in Charlotte, best cpa firm in Greensboro, best CPA firm in North Carolina, best Accounting Firm, small business owner, Charter School accounting, Small Business, John Bly, Employee Benefit Plan Audit, Employee Benefit Plan, Construction Accounting, Charlotte CPA, North Carolina CPA Firm, North Carolina Accounting Firm, certified public accountant, Mount Airy, LBA Haynes Strand
Tags: mergers and acquisitions, M&A services, M&A, merger and acquisition, merger, merger and acquisition process, M&A Firm, M&A deal, m&a process, Merger & Acquisition, M&A strategy, M&A consulting, M&A consulting service
There are many reasons why the owners of a business may consider selling it. The most obvious of which is because businesses, like any asset, are valuable. Like many things of value, there is a market for the trade of companies - a market where people with different expectations for the future will value the same company differently, thus enabling a buyer and seller to come to a mutually agreeable "trade."
When preparing your business for a merger or an acquisition, it is important to first understand why. Why are companies looking to merge with or acquire another company? You need to understand the motives behind the deal, so that you can be prepared and not get lost in the M&A shuffle. LBA Haynes Strand has found the following six reasons to be the top reasons for mergers and acquisitions in today's marketplace.
'I recently was working with a staffing company that was considering acquiring another staffing company. The prospect was highly profitable and rapidly growing in a different niche and would have nicely complemented the business. The company sent me their financials and information on the business it wanted to acquire. I looked it over and asked myself, why are these people selling? It was a business that had been doubling in size and was profitable, with the owners taking home at least half a million dollars each. There was something more to this - what was I missing? Before analyzing the cash flow or anything else, I took a 10,000 foot view: What was going on in the industry? It turned out that the Obama health-care plan could have crippled the business."
Years ago, here in Charlotte, a large bank acquired an investment advisory firm. It was a great firm that had done a lot of good things. It was not necessarily looking for an exit, but the time seemed right. The bank had discussed how the cultures would fit, the potential dollars the sellers could get, and how the clients would be served.
You may be surprised that you don't need to have half a million or a million dollars down to grow your business through mergers and acquisitions. What's most important is to have the desire - and a strategy to make it happen. If you have that, you can take your company to new heights with explosive growth, and you can do it with a minimum amount down, and perhaps not even a dollar out-of-pocket.
When it comes to selling your business, or merging with another, there are many financial factors to consider. After all, the end goal of a merger or acquisition is to make a profit. You may think an M&A consulting service is a waste of money— and you know your business better than anyone, right? Even if you’re positive you’ve covered all your bases and you’re 100% ready to merge or sell, think again...