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 helps clients face the challenges encountered during these processes. The firm will guide clients in reaching their financial and business transition goals via a plethora of different services. These services can include exit strategy planning, business valuations, and financial and retirement planning. The firm can professionally represent either you or your business as an appointed trustee and/or executor.

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Solutions that Make Sense

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

Strategy & Result:

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. We prepared the amended tax returns. The SR&ED claim was successful and approximately $2 million cash was injected into the company. The resulting purchase price of the business was increased on a dollar-for-dollar basis.

Arrangement of Finances

Industry: Transportation

Background:

Our client started their 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.

Strategy & 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 because the related recovery of funds from various levels of government can maximize revenue.

Strategy & Result:

We provided investment tools and analysis to the client's business and assisted them with enforcing legislative changes.

Shareholder Dispute Resolution

Industry: Real Estate and Property Investments

Background:

Mr. X and Mr. Y have been friends and partners in business and real estate investments. Mr. Y retired years ago, which left Mr. X responsible for business affairs.

Mr. Y continued to own shares in real estate investments with Mr. X. Mr. Y passed away suddenly, which left Mrs. Y to deal with estate matters. She did not want to continue owning his investments with Mr. X.

Strategy & Result:

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

Sale of a Business

Industry: Retail

Background:

Our client started to plan a retail business concept in 2001. The retail store officially opened in 2002. After 18 months, the client decided it may be lucrative to sell the business.

Strategy & Result:

We assisted the client in a complete assessment of all of their business issues by preparing startup projections. We assisted in automation, financial management, and shareholder agreements. By developing operating budgets, performance evaluations techniques and models, we assisted our client in developing 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.

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