Estate and Business Succession Planning

Prasad & Company LLP provides expert estate and business succession planning. If you are going through a transfer of business ownership, personal wealth, or just planning for the future, the firm has a high-level of experience and knowledge to assist in creating a smooth transition.

Prasad & Company LLP has the strong interpersonal skills required to help clients face the challenges encountered during these processes. We will help guide clients in reaching their financial and business transition goals. Prasad & Company LLP can provide you with an exit strategy, succession planning, business valuations, financial and retirement planning, and represent you or your business as an appointed trustee and/or executive.

Request a Consultation

Solutions that Make Sense

Scientific Research and Experimental Development (SR&ED) Tax Incentive Program
Industry: Manufacturing and Installation
Arrangement of Finances
Transportation
Unusual Scenario
Industry: Estate Recovery
Shareholder Dispute Resolution
Industry: Real Estate & Property Investments
Sale of A Business
Industry: Retail

Scientific Research and Experimental Development (SR&ED) Tax Incentive Program

Industry: Manufacturing and Installation

Background:

A manufacturing client joined our firm while they were in the process of selling their business.

Our Strategy:

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.

Result:

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.

Arrangement of Finances

Transportation

Background:

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.

Result:

We provided alternative banking arrangements on a term key basis with minimal interference to the client's business.

Unusual Scenario

Industry: Estate Recovery

Background:

Our client needed investment analysis information as it related to the recovery of funds from various levels of government to maximize its revenue base.

Our Strategy:

We provided investment tools and analysis to the client's business to assist them to enforce legislative changes.

Shareholder Dispute Resolution

Industry: Real Estate & Property Investments

Background:

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.

Our Strategy:

We successfully divided assets held jointly by Mr. X & Mrs. Y, insuring that personal objectives on both sides where achieved.

Sale of A Business

Industry: Retail

Background:

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.

Our Strategy:

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.

Our Affiliates

Our Reputation

+