Board of Directors Governance

To manage a business, you need more than just workforce. You need a combination of processes, rules, people, and procedures, in other to make it work efficiently. This is where corporate governance begins. Corporate governance deals with how a board … Continue reading

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Trust Accounting

The first thing that comes to mind when one sees “trust accounting,” is trust, followed by accounting (it’s quite obvious), but they all boil down to one major thing – detail! Details matter a lot! And as a lawyer, one … Continue reading

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7 Signs the Buyer or Seller You’re Working With Is a Flake

When it comes to selling or buying , you really need to know if the buyer or the seller is not a flake. But, how do you know all these? It’s not as if it’s written on their foreheads. Damage … Continue reading

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SEC Filings Deadlines for Financial Statements

Financial report deadlines determine when financials are filed by companies, but when companies are find it hard to release and meet with the report filing deadlines, the SEC takes over. This happens basically when companies find it hard to file … Continue reading

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Litigation (Mainly In Business)

Litigation is any proceeding in which two opposing parties initiated to defend or enforce a legal right. And this involves every activity before, during, and after legal action. Business litigation is a specialization of law that is used to resolve … Continue reading

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M&A Fraud: Purchase of Retail Store

It looked like a great deal-$49,000 plus inventory for the purchase of a store that had $300,000 of revenue and nearly $100,000 of profit. As an Apple reseller, we were required to have an Apple store. We had struggled to … Continue reading

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Buying a Company Vs. Selling a Company

Do you want to know about the difference between buying a company and selling a company? As a matter of fact, both tasks are proved to be cumbersome. Minor mistakes can lead to possible disputes. And the main difference between … Continue reading

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Why You Should Know the True Value of your Business & Calculation Methods

Before going into some detail about the various asset valuation methods, it will be relevant to know some of the usual reasons for carrying out this exercise. The most common one is when businesses are sold and ownership changes hands. … Continue reading

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Nigerian Fraud Loss-Fake Purchase Orders

I was the contract CFO for a government contractor/reseller who sold Apple and other products to the government and to other government contractors. It started that summer day with an email I received from ACL’s COO: ‘Call me on my … Continue reading

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Determine the True Value of Your Small Business with These Methods & Calculator

Knowing the true value of your business is of utmost importance when you are considering selling it, searching for a partnership of investors, deciding on expansion, allocation of purchase price, want your insurance options to be addressed and many more. … Continue reading

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