Gross Collins has been a trusted partner for close to thirty years. The firm has been by our side as we faced the various challenges our competitive industry provides. The firm has been a vital part of the team which guided us to the successful company we are today.
Tracy Pierce, COO
Precision Concrete Construction Inc.
Business owners should have an exit strategy: a plan for the time when they're either unwilling or unable to keep running their company. Often, that planning can include a current disaster plan for relatively young business owners and a future long-term succession plan for a smooth path to retirement. At HLB Gross Collins, P.C. we work with owners as to the best exit plan for their business. Whether you are passing your business to the next generation, selling all or part of the business to a third party or exiting through an employee stock ownership plan (ESOP), HLB Gross Collins, P.C. can assist you through each step of the process. Our consulting experts can help you with the following:
- Maximize business value
- Develop a succession plan
- Determine strategic options
- Minimize taxes
Buy-sell benefits
Business owners and co-owners of all ages should have a buy-sell agreement in place. Such an agreement should identify the buyer, in case a sale becomes necessary, and specified events that will trigger the buyout. The agreement also should spell out how the price will be determined-it could be a multiple of cash flow or revenue, for instance.
If a company has two or more co-owners, a mutual buy-sell can be effective. For sole shareholders finding a buyer may require some creativity. A key employee might be named, or even a competitor. Funding for a possible buyout might be provided through life and disability insurance.
A long-term exit plan also should cover taxes because certain deal structures can be more or less favorable to the seller. HLB Gross Collins, P.C. can help you work out the terms of an exit strategy and a plan that will make the most sense for current and future business owners.
I have used HLB Gross Collins for personal taxes and partnership returns for over 10 years. I have found the firm and my primary contact, Abigail Hampton to be competent and responsive even when I have been late providing information. I have no reservations in recommending Gross Collins and Abigail to anyone needing a CPA.
Steve Zeis CEO & Founder
Zeis Brothers Investment
I am happy to write this recommendation regarding the professionalism, integrity, and technical expertise of HLB Gross Collins P.C. (HLB). The professionals at HLB always exhibit an exceptional level of competence while diligently working to adhere to deadlines.
Additionally, HLB Gross Collins, P.C. applied their expertise in calculating the U.S. GAAP deferred tax provision. The firm exhibited tremendous tax knowledge in this area and we were impressed by their expertise.
I am happy to recommend HLB Gross Collins, P.C. based on their international expertise, specifically related to GAAP, as well as their technical ability and attentiveness to quality and personal relationships.
Randall Mertz, President & CEO
ORAFOL Americas Inc.