Author:
Joseph Nacmias (CPA)
McGladrey & Pullen, LLP., Certified Public Accountants
750 3rd Avenue, New York, NY 10017 Telephone: (212) 297-4888 / Fax: (212) 972-9088
E-Mail: Joseph_Nacmias@rsmi.com
/ http://www.mcgladrey.com
Finding a suitable acquisition candidate can be done via industry sources, advertising or (far costlier) investment bankers. A budget of at least 8 to 10% of the purchase price will be necessary to cover fees and costs including legal, financial and audit assistance; some of it can be saved if no investment bankers are used which will happen for “small” acquisitions (generally purchase prices lower than $20 million).
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DISCLAIMER The information provided here and on the other pages linked hereto is intended for educational purposes only, and is not legal advice. Particular situations require particular analyses that can only be provided by legal and/or accounting professionals who specialize in the relevant fields and who know all the details of a situation. Also, a presentation such as this does not establish the attorney and/or CPA-client relationship that is necessary in any rendering of legal or other professional advice. Finally, one should be aware that the law is a chameleon-like beast that changes its colors frequently, and what holds good today may be reversed by tomorrow. The comments herein should then be read in that light. |