by D. Maykl Muhammad | Jul 6, 2024 | Bookkeeping
SUMMARY A business owner using Amazon’s fulfillment services blamed increased fees for his company’s bankruptcy, highlighting that entrepreneurship is not for the faint-hearted. Leveraging Amazon’s vast logistics and customer reach can be beneficial...
by D. Maykl Muhammad | Jul 3, 2024 | Bookkeeping, CFO
SUMMARY When a partner exits a company, careful planning and consideration are crucial for a smooth transition. Key factors include a clear buyout agreement, accurate valuation of the partner’s interest, and assessing the financial impact on the company. Legal...
by D. Maykl Muhammad | Jul 2, 2024 | CFO, Nonprofit
SUMMARY Conducting thorough financial reviews before onboarding or after the departure of a CEO, CFO, or Director is essential for maintaining financial integrity and ensuring a smooth leadership transition. These reviews help identify discrepancies, ensure compliance...
by D. Maykl Muhammad | Jun 30, 2024 | Bookkeeping, CFO
SUMMARY Entering a business partnership requires careful planning and clear agreements to ensure success. Key elements include a comprehensive partnership agreement, defined roles and responsibilities, and a transparent equity structure. Financial contributions,...
by D. Maykl Muhammad | Jun 17, 2024 | CFO, Nonprofit
SUMMARY Mergers and acquisitions (M&A) involve complex financial considerations like accurate valuation, thorough due diligence, and strategic financing to ensure success. Key practices include ensuring a strategic fit, maintaining clear communication, and having...
