When Vantreo Insurance Brokerage founders, Lynne Wallace and Tim Chanter, then partners in Matsen Insurance Brokerage, bought a book of business from Matsen's Santa Rosa office in 2007, they wanted to build a new operation from the ground up. With executive and sales management experience in wholesale distribution, manufacturing, and telecommunications, COO Steve Farmiloe complements the solid insurance backgrounds of Wallace and Chanter and brings a valuable outsider's perspective to the creation of an efficient, results-oriented insurance brokerage operation. The three principals are finding their diverse backgrounds to be a significant asset as they develop and implement their blueprint for Vantreo. With an eye on the bottom line, the brokerage renegotiated its business loans and equ...
... renegotiated its business loans and equipment leases and restructured its office lease on more ffavorable terms. New path for producers. A key area where Vantreo'...
Did HSBC breach its lease in the HSBC Center by placing certain computer network equipment within the building's electrical closets? Was the landlord's demand that the tenant remove his equipment justified under the terms of the lease? These were among the questions posed in the U.S. District Court for the Western District of New York in Marine Buffalo Associates, LP v. HSBC Bank USA. After reviewing the terms of the lease, its modifications over the span of some 30 years, and the tenant's obvious use of the closets over the years, New York State Supreme Court Judge Joseph G. Makowski determined that HSBC was not in breach of the lease and denied MBA's motion for summary judgment.
Claims of forged signatures, altered lease terms and misappropriated funds have widened the investigation into an alleged fraud by a Long Island office equipment supplier owned by Xerox. After an LIBN story on a couple of civil lawsuits charging Melville-based Carr Business Systems and its former top salesman with fraudulently changing lease agreements and inflating the value of its equipment, more small businesses have come forward to share similar experiences they've had with other salespeople at the company.
Internal auditors have a responsibility to control the costs and the risks that may be related to lease obligations and inform management about it. Lease agreements that are not effectively managed can significantly increase expenses and liabilities to the point where reportable net income and future working capital amounts are compromised. In monitoring lease agreements, internal auditors should perform lease or buy analyses before the agreements are sealed, investigate the correctness of lease payments and ensure that there is a proper monitoring of lease terms, equipment location and payment responsibility. They should also make sure that assets are returned upon the expiration of the lease, that negotiations are made for reduced rates and that Financial Accounting Standards Board ru...
Leasing is an attractive financing method since it grants companies the ability to match the costs of equipment with anticipated revenues, without resorting to capital-budget financing. Structured properly, a lease transaction also provides other benefits such as off-balance sheet accounting and lower after-tax costs. Leasing is also an excellent hedge against inflation and interest-rate fluctuations. Moreover, it allows companies to protect themselves against obsolescence and rapid technological change. The best way for a company to obtain a favorable lease transaction would be to review its equipment needs thoroughly and structure the terms of the lease accordingly. Issues it should consider carefully include provisions for uninterrupted use of equipment, terms for returning the equip...
... to EBT system operations as long as the equipment or services are provided by the State agency or it...The retailer agreement shall describe the terms and conditions of participation in the SNAP EBT sy... with respect to equipment ownership, lease arrangements, handling and maintenance for which t...
Small businesses typically acquire equipment in one of four ways: through cash purchases, loans, line of credit or leases. Leasing is increasingly becoming an attractive option because of its cost-effectiveness. Leases are different from loans in terms of computation of costs. On a cost-of-capital basis, leasing is less expensive compared to a loan. The other benefits of leasing include tax-deductible overhead expense for a lease, better management of balance sheets, immediate write-offs for dollars spent and flexibility in changing and upgrading equipment.
... ("Baker"), concerning real property and equipment leases pertaining to gasoline stations in Kentuck... nine Girkin third-party stores under the terms of the Girkin Equipment Lease and attached an exhi...
A study views strategies and initiatives through the lens of a business valuation model. In the language of finance, various strategies can be evaluated in terms of how they are expected to affect the overall value of a business. A free cash model is employed and applied to a disguised public rental and leasing company. The essence of the valuation model is relatively straightforward. Free cash flow determines a firm's value, along with current liquidity, and the riskiness of the firm's business operations, the latter of which is reflected in its cost of capital. Free cash flow is an estimate of the amount of cash generated by a business than can be used to pay dividends, repurchase stock, retire debt, make acquisitions, or otherwise used for discretionary purposes. Developing and using...
... than one quarter of all new capital equipment acquisitions by U.S. businesses. (7) Approximately... give the court any authority to modify the terms of the lease agreement. Thus, if the trustee assum...
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