Keeping Uncle Joe on the company payroll or writing off those Super Bowl tickets as a business expense are not good practices for companies hoping to attract potential buyers. So commented Mosaic Capital, a Sherman Oaks, Calif.-based investment bank, which has advised companies, especially family-owned ones, on recasting their financial statements. Doug Levinson, director of Mosaic, said that recasting is an important strategy for companies that are interested in getting the highest possible price in a sale. Recasting can make a company look more profitable, and buyers are more attracted to lean companies with fewer expenses and with no hidden costs, he said.
To read the entire story, you must be logged in.
Please log in now or register with us.
