Month: July 2016

The Why and How of Exit Planning: Part V

Why Do Family Businesses Fail at Succession Planning?

by
Reading Time: 2 minutes
A majority of family-owned businesses fail to transition because of lack of communication and trust. This can be avoided with proper succession planning and help from a team of advisors. Family-owned businesses represent more than 90% of all enterprises in the United States. Of those, 30% are second-generation businesses, 12% …

Read moreWhy Do Family Businesses Fail at Succession Planning?

Loan Origination Fees

Proper Recognition of Loan Origination Fees and Costs

by
Reading Time: 2 minutes
The practice of many banks is to immediately recognize loan origination fees and costs directly to income and expense at the time of loan origination. This practice runs counter to Generally Accepted Accounting Principles (GAAP) and puts banks at risk of being out of regulatory compliance on call reports. Watch …

Read moreProper Recognition of Loan Origination Fees and Costs