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AGP Advisory

AGP Advisory: The Ultimate Financial Due Diligence Checklist

By Brandon Frederics, CPA | AGP Advisory, Leader The merger and acquisition market remains active even through trying times. Over the past two years, an average of over 13,000 deals were completed for small and mid-size businesses—that’s over 35 deals a day. The act of buying or selling a business can be complex and time consuming. Luckily, we have provided some insight into …

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AGP Advisory: Sizing Up Additional Acquisition Risk

By Brandon Frederics, CPA | AGP Advisory, Leader In performing financial due diligence, we get a chance to really peal back the layers of a company. That process can reveal additional areas within the business that should be considered prior to any acquisition closing. The fact of the matter is everything in life comes with a cost. Thus, even though the financial due diligence process may …

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AGP Advisory: Understanding and Managing the Adjustments

By Brandon Frederics, CPA | AGP Advisory, Leader Our journey thus far has taken us through understanding what a quality of earnings (QofE) entails, how we define and assess the “quality” within earnings, and our work around the earnings and Net Working Capital (NWC). This leads us into the next topic that helps bring these projects all together—the adjustments. Let’s define the typical adjustments we …

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AGP Advisory: Rolling Up the Sleeves – Earnings and Net Working Capital (NWC)

By Brandon Frederics, CPA | AGP Advisory, Leader In our third installment of this series, we want to get into the interworking of sound financial due diligence. We have already explained what high quality of earnings (QofE) can do, but what does a financial due diligence process look like for isolating and assessing earnings? All projects should focus on three key elements in this area  …

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AGP Advisory: Defining the Quality Within Earnings

By Brandon Fredericks, CPA | AGP Advisory, Leader In this part, I want our discussion to get right to the heart of the main cornerstone of any transaction—the earning capabilities of an organization. Regardless if you are looking to acquire a business or ready to sell, all conversations will lead back to earnings. Therefore, the ability to approach a …

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AGP Tax Advisory: Cash Waterfall Planning

By Brandon Fredericks, CPA | AGP Advisory, Leader Pass-through entities possess many important tax advantages, which include the ability to avoid double taxation and the Qualified Business Income deduction. However, the tax code contains several added complexities and potential tax pitfalls for ill-planned pass-through transactions. One such scenario involves “cash waterfalls” where distributions deviate from the proportion of equity contributed …

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AGP Tax Advisory: Debt vs. Equity Financing

By Brandon Fredericks, CPA | AGP Advisory, Leader A prospective buyer faces many important decisions when contemplating purchasing or expanding a business. First and foremost, the target acquisition must provide adequate return potential within an acceptable level of risk. Once this has been determined, the buyer has likely already spent significant time finding the right acquisition and feels anxious to close the transaction. However, more can be done …

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AGP Advisory: Financial Due Diligence is Just as Important

By Brandon Fredericks, CPA | AGP Advisory, Leader Our series has touched on many important topics through the financial due diligence process. As we think of the “typical” due diligence process, we sometimes get locked into this preconceived notion that due diligence only being after a qualified buyer is identified, after a letter of intent is signed, after …

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AGP Advisory: A Quality of Earnings (QofE) is Not an Audit

By Brandon Frederics, CPA | AGP Advisory, Leader Welcome to our series on financial due diligence. Over the next several segments, we would like to provide you with key aspects within the financial due diligence process, and how you can better prepare yourself, and business, for a transaction.  The financial due diligence process is comprised of many parts, the focus being centered around the quality of …

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