Until recently commercial equipment leasing required community banks to make a fairly large capital investment in accounting software, structuring/pricing programs and proper legal documents. This is no longer the case. Now there are service providers that offer all the necessary back office support and training that allow the community bank to offer leasing with all the skills of a money center bank. A community bank that wants to offer leasing has a variety of options available, but each has its costs and limitations. The question is how to offer leasing correctly at minimum cost. Currently there are four alternatives: 1. Use an outside service provider for support on a pay as you go basis. 2. Purchase or obtain the capability to do leasing and look for a leasing consultant to teach y...
Another successful case I'm familiar with is that of an inexperienced dealer who chose an attorney and a CPA as his partners in his corporation. The lawyer and the CPA would provide most of the seed capital to help the dealer start his business and offer their legal and accounting expertise as needed. But the dealer was clearly the ultimate decisionmaker with the OEM, employees, customers, suppliers and the community.
..., and liftouts; advice on operations, accounting, legal, capital structure, human resources and com...
According to GASB Statement No. 51, Accounting and Financial Reporting for Intangible Assets, intangible assets are really nothing more than a subcategory of capital assets. Thus, all authoritative guidance applicable to capital assets applies to intangible assets. SGAS 51 notes that an intangible asset must meet one or both of the following criteria before it can be recognized: 1. the item is capable of being separated or divided from the government and sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract, asset, or liability, or 2. the item arises from contractual or other legal rights, regardless of whether those rights are transferable or separable from the entity or from other rights and obligations. SGAS 51 identifies three sta...
... Court, adding to its claim deductions for legal fees and other acquisition-related expenses. The T... the acquisition, the expenditures were capital in nature and not deductible under § 162(a) of th...,962 for miscellaneous items-such as accounting, printing, proxy solicitation, and Securities and ...
..., accident liability insurance premiums and legal and accounting services;. (13) The purchase, lease..., or repair of, or insurance premiums for, capital goods that have an expected useful life of at leas...
... persons so functioning) assumes full legal authority and responsibility for the operation of ... implements an effective budgeting and accounting system. A qualified person is authorized in writin... includes an annual operating budget and capital expenditure plan. (1) Annual operating budget. The...
Two Tulsa firms have established the Oklahoma Manufacturers Initiative, a new organization designed to connect manufacturers with administrative or financial consultants. It has the potential to save companies that are willing to listen millions of dollars," said Summit Financial Group Senior Account Development Manager Steve Connor. "It is a one-stop shop of back-office services designed to be cost efficient and save that company money. That's all we're trying to do. Our gain in this is that we are trying to earn your business.
..., payroll, human resources, staffing, accounting, legal, capital strategies, real estate, mortgage ...
...capital) and changes in value (i.e. profit) of the firm. S...Although there is no legal restriction to the proportion of shares that can b...
... to have in place the most appropriate capital structure for the long term in order to best serve... charter or bylaws; making a change to accounting methods; engaging in any "covered transaction" (as...(7). Equipment. 1,153. 1,324. (171). (13). Legal, accounting, and consulting. 2,449. 2,489. (40). (...
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