Who's Helping You With Your
business owner needs to spend some time planning how to either
sell the company or pass it along to the next generation.
Yet no one should try to create
a succession plan alone. One idea to consider: Form a
succession planning advisory board.
Such a board can serve as a voice of reason among the often
cacophonous tumult of a business transition. Moreover, it can
help you assess the strengths and weaknesses of potential
successors unrelated to your personal concerns or biases. And,
when you make your pick, the board can help in your
Board members' varied perspectives usually provide a more
objective and collaborative approach to analyzing succession
problems and developing fresh solutions. They can further
assist by mediating organizational disputes, giving feedback
on your heir apparent's progress and reassuring business
It's generally a good idea to start small, with a group of
three to five potential advisors from outside your family and
business. Once you've identified an adequate number of
candidates, spend some time with each to gauge their interest
Ask each member to commit to a specified term of service, so
that you both can regularly reassess participation. In
addition, ask members to sign nondisclosure agreements, as
you'll likely be sharing confidential information about your
company. Clearly spell out the duties and responsibilities you
want advisors to fulfill, too.
Creating a succession plan may seem like the beginning of the
end to your role in a company that you've no doubt spent much
time and energy building. But it doesn't have to be.
Succession planning advisory boards often evolve into lasting
business advisory boards that go on to help guide companies
for many years. And you, as a former owner, would certainly
have a seat at the table.
Many business owners rightfully consider their companies as
the most valuable assets they own. As such, your company
deserves a detailed succession plan so it stays in good hands.
Please contact us for help establishing and maintaining that
plan. Call us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,