Prasad & Company LLP offers a wide range of assurance services for privately-held companies; compilation, review, and audit engagements for corporations, partnerships, and self-employed individuals, as well as FOFI engagements, not-for-profit reporting, special reporting for Financial Institutions, Lenders, Surety, and Bonding Institutions. Our team of experts provide reliable financial information establishing confidence about the strategies and direction business owners create for their corporations.
The firm stays up to date with the shifting compliance requirements and we ensure that our work is suited to meet the specific needs of each individual client. Prasad & Company LLP places importance on building a strong relationship with clients, allowing strong communication and a well thought vision for the future of your company.
Educators & Schools
Construction and Real Estate Development
Franchising and Franchisee Operations
Manufacturing, Processing, and Distribution
Professionals including Professional Corporations
Retail and Consumer Services
A manufacturing client joined our firm while they were in the process of selling their business.
During the initial consultation we determined that the company had not applied for the SR&ED Investment Tax Credit in previous years and would likely qualify. We brought in a SR&ED consulting firm to assist in the engineering and scientific aspect of the claim and we prepared amended tax returns for prior years.
The SR&ED claim was successful and resulted in approximately $2 million cash injected into the company. The resulting purchase price of the business was increased on a dollar-for-dollar basis.
Our client started the business in 1989 and has been very successful since its inception. However, the client was unhappy with its financing and business relationship with its bank.
We provided alternative banking arrangements on a term key basis with minimal interference to the client's business.
Our client needed investment analysis information as it related to the recovery of funds from various levels of government to maximize its revenue base.
We provided investment tools and analysis to the client's business to assist them to enforce legislative changes.
Mr. X & Mr. Y have been friends and partners in business and real estate investments. Mr. Y retired years ago leaving Mr. X to continue to run the business affairs.
Mr. Y continued to own shares in real estate investments with Mr. X. Mr. Y passed away suddenly, leaving Mrs. Y to deal with estate matters. She did not want to continue owning his investments with Mr. X.
We successfully divided assets held jointly by Mr. X & Mrs. Y, insuring that personal objectives on both sides where achieved.
Our client started to plan a retail business concept in Fall 2001. The retail store officially opened in February 2002. After 18 months, the client decided it may be lucrative to sell the business.
The first step was to assist the client in a complete assessment of all of their business issues by preparing startup projections. We assisted in automation, finance management, and provided guidance on shareholders' agreements. By developing operating budgets, performance evaluations techniques and models, we assisted our client to develop an appropriate strategy for a successful sale. Our in-depth involvement resulted in the sale of the business for approximately 17 times the original investment.