This phase involves careful planning to ensure the best possible outcomes.
During the transaction, Due Diligence is performed to uncover any potential risks. Accounting support ensures that financial records are accurate and maintained to comply with US GAAP, while federal and state Income tax projections provide an estimate of tax liabilities.
Compliance becomes crucial after the transaction. Asset allocation involves assigning fair values to acquired assets. Purchase accounting ensures that the transaction is reflected correctly in financial statements and calculates actual net working capital. Federal, state, and local tax compliance ensures that all tax obligations are prepared following the transaction.
