What is the value of your processes, procedures, and technology systems?

What is the “Value” of your Processes, Procedures and Technology Systems?

Do your “systems” include manual processes, accounting software, and Excel spreadsheets? Is integrated software missing from your list, or not being used to its fullest potential? How do you think these systems will be perceived by someone considering purchasing the company? When considering the “value” of a company’s systems, business owners need to look at the procedures, processes, and software currently used. How would a prospective buyer use these systems, both right away and in the future? Here are a couple examples Chortek has encountered that highlight the value of investing in new integrated software. We’ll call them Client A and Client B.

Case Studies: Clients Using Non-Integrated Systems

Client A

With Client A, the company’s buyer was in the same industry, but had a different geographic territory. After acquiring the company, the buyer continued using Client A’s software to run the newly attained locations, but now, they are in the process of migrating critical Client A data to the new owners  system. Read More >

Group in a conference room

Prepare For Valuation Issues in Your Buy-sell Agreement

Valuation in Buy-sell Agreement

Every business with more than one owner needs a buy-sell agreement to handle both expected and unexpected ownership changes. When creating or updating yours, be sure you’re prepared for the valuation issues that will come into play.

Issues, what issues?

Emotions tend to run high when owners face a “triggering event” that activates the buy-sell. Such events include the death of an owner, the divorce of married owners or an owner dispute. Read More >

Future 50

Chortek is Proud to be a Sponsor of Future 50

The MMAC/COSBE Future 50 Program, established in 1980, recognizes privately-owned companies in the seven county region that have been in business for at least three years and have shown significant revenue and employment growth. The companies are honored at two well-attended events: a Future 50 awards cocktail reception on Tuesday, September 9th and Future 50 awards luncheon on Thursday September 11th.

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Getting Your Company Ready To Sell

It would be nice to have a crystal ball and know exactly when to sell your company and have the time to put in place an exit plan, make the necessary changes and exit gracefully so you can maximize the sales price and after-tax proceeds. Before you sell, it’s important to plan well. This list highlights those things that will give you the best return on your time and reap the greatest return on your business sale. Read More >

Chortek Expands Waukesha Team

Chortek LLP, a CPA and business advisory firm with a 65+ year legacy of serving private businesses, governmental entities and individual clients throughout the nation is excited to announce the addition of eight new team members hired in various roles within our Accounting, Tax, Technology Consulting and Merger and Acquisition divisions.

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Chortek Expands Waukesha Team

Chortek LLP, a CPA and business advisory firm with a 65+ year legacy of serving private businesses, governmental entities and individual clients throughout the nation is excited to announce the addition of eight new team members hired in various roles within our Accounting, Tax, Technology Consulting and Merger and Acquisition divisions.

Read More >

rebranding

Chortek Announces Rebranding and Renaming Initiative

Chortek LLP, a CPA and business advisory firm with a 65+ year legacy of serving private businesses, governmental entities and individual clients throughout the nation is excited to announce a rebranding initiative and renaming of the firm. In 1947, Sam Chortek formed a small accounting firm. Roughly 30 years later, Don Gottschalk joined the firm and they appropriately named it Chortek & Gottschalk, LLP. Over 65 years later, a firm that started with two key partners is now approaching 60 staff members located throughout offices in Wisconsin, Illinois, and Washington, DC.

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rebranding

Chortek Announces Rebranding and Renaming Initiative

Chortek LLP, a CPA and business advisory firm with a 65+ year legacy of serving private businesses, governmental entities and individual clients throughout the nation is excited to announce a rebranding initiative and renaming of the firm. In 1947, Sam Chortek formed a small accounting firm. Roughly 30 years later, Don Gottschalk joined the firm and they appropriately named it Chortek & Gottschalk, LLP. Over 65 years later, a firm that started with two key partners is now approaching 60 staff members located throughout offices in Wisconsin, Illinois, and Washington, DC.

Read More >

Mergers & Acquisitions – State Of the Market

CGK Investment Banking has changed its name to CGK M&A Advisors to help better identify CGK as a provider of merger & acquisition advisory services to privately held, middle market companies around the world. As dedicated M&A professionals, CGK specializes in helping clients buy and sell companies. Read More >

Mergers & Acquisitions – State Of the Market

CGK Investment Banking has changed its name to CGK M&A Advisors to help better identify CGK as a provider of merger & acquisition advisory services to privately held, middle market companies around the world. As dedicated M&A professionals, CGK specializes in helping clients buy and sell companies. Read More >