network profile
| bio | website | |
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| visits | member for | 8 months |
| seen | Oct 16 '12 at 18:48 | |
| stats | profile views | 2 |
I grew up a SoCal boy, so I love my Saturdays as a USC football fan, win or lose.
For twenty-two years I have provided inventory-related IT services to retailers. Then, a few years ago I decided to pursue an accounting degree from Liberty University. Now I am in the process of building an accounting firm: bookkeeping-payroll-taxes.
It was recommended to me that I get involved with some social network sites. That's how I found this site: I joined Linked In, joined the OnStartUps Group, then saw a discussion that led me to this blog site. I hope my contributions will be helpful. Constructive criticism is welcome.
Alan Bardwell Dear Accountant, Inc. Hampton, VA 866-803-0366 Toll Free 757-251-9416 Local abardwell@dearaccountant.com www.dearaccountant.com
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Oct 18 |
awarded | Revival |
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Oct 10 |
answered | Help me understand a revenue sharing problem |
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Oct 10 |
comment |
Operating agreement that protects the company if two members divorce each other Tim - Here's a link to Financial Accounting Standard 157, which governs how a CPA would determine the fair value of Robert's company when and if his married partners divorce. fasb.org/pdf/aop_FAS157.pdf |
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Oct 10 |
answered | Operating agreement that protects the company if two members divorce each other |
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Sep 26 |
comment |
Operating agreement that protects the company if two members divorce each other Tim - I ran out of time editing the above answer. Here's a more complete version. True, Tim. Business partners end up in civil court arguing over fair market value all the time because they didn't like their number. But waiting for a divorce to occur before determining fair value will not create more problems. Reason: Accountants calculate the fair value of partnerships and LLCs on a regular basis, with standardized procedures, defensible in a court of law. Bottom line: it's perfectly fine to wait until a divorce occurs, then determine fair value. |
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Sep 26 |
comment |
Operating agreement that protects the company if two members divorce each other True, Tim. people end up in court arguing over fair market value. And you are correct that if the parties can either define the fair market value now for an uncertain future date, or define the method to be used for determining fair market value, then that ambiguity will have been eliminated. |
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Sep 25 |
awarded | Teacher |
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Sep 25 |
answered | Operating agreement that protects the company if two members divorce each other |
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Sep 25 |
answered | How to estimate the cost of a service? |
