Typically, a minority shareholder has very limited rights regarding the operations of a company. There are a multitude of reasons why shareholders can disagree, including differing visions of strategy, financial issues or simply personality differences that can influence business valuation. Outside of an existing buy-sell agreement, the California Corporations Code provides the procedures for both [...]
A forensic accountant is an accountant with special skills in analyzing financial data that is the subject of a dispute or litigation. The forensic accountant is often called upon to report on their analysis in a written report or in oral testimony in a court of law. This transition is where the forensic accountant becomes [...]
Working with companies who have been victims of fraud on a regular basis, the report provided by the Association of Certified Fraud Examiners for 2014, hits the nail on the head. Here is a summary of their findings: Typical organization loses 5% of revenue each year to fraud. Median loss in their study was $145K. [...]
Mediation is one of the best ways to handle family law disputes. Rather than getting involved in a never-ending court battle, you can save time, money and help preserve family relationships. Forensic accountants can be a crucial part of this process as finances are often one of the most disputed areas in family law matters. [...]
John Cryer’s ex-wife wants more child support monthly and people everywhere are cringing at the new debacle. Going back to May of this year, Jon Cryer (of Two And A Half Men) received a nice pay raise for his work on the show. The Huffington Post reported at the time that he was to make [...]
Debt Collection, or Lack Thereof As reported recently by The Long Beach Post, according to an audit of the City's Business Relation Bureau that spanned two years, $2.4 to $2.6 million in outstanding business license accounts have not been collected by the City of Long Beach. http://www.lbpost.com/business/2000001889-city-auditor-2-4-to-2-6m-in-delinquent-business-license-accounts-uncollected#.UTTbYldZ_Q8 Residents are fuming at the lack of tenacity [...]
