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What to Consider When Receiving an Unsolicited Offer for Your Enterprise

Out of the blue, you are presented with an irresistible offer for your company. You hadn’t considered selling your prosperous business, until now, and you feel that you’re faced with two options: welcome the prospective buyer’s offer or walk away. What’s a business owner to do?

When to Call a Virtual Financial Consultant (VFCO) to the Rescue

Outsourced virtual financial consulting services consist in a la carte financial services, provided by a senior financial professional, who has gained the knowledge and the experience to diagnose pain points and provide solutions to various scenarios, common to small and mid-size businesses.

7 Steps to a Cashflow Forecast

Over the last several months many of us have received government aid, whether directly through CERB payments, forgivable loans, wage subsidies, rent subsidies and other payments. Are these payments taxable, and if so, how?

Is COVID-19 a Knock-Out Blow for the Retail Industry?

The COVID-19 pandemic has resulted in several large retail operations seeking insolvency protection both under the Companies Creditors Arrangement Act (CCAA) in Canada and under its US equivalent, Chapter 11. In Canada, this list includes retail giants Aldo Group and Reitmans Group. In the United States, since the beginning of May, Hertz US, J.C. Penney, Neiman Marcus and Pier 1 Imports have all filed for protection.

COVID-19 | Restructuring & Turnaround: Before Going Downhill

Canadian companies have not made much use of the Bankruptcy and Insolvency Act over the past 10 years1 likely due to years of growth spurred by abundant capital and easy access to credit. Unfortunately, 2020 will likely see a reverse of this trend. The COVID-19 pandemic is hitting the entire economic world on a global scale.

Asset-Based Lending (ABL)

Asset-based Lending, a type of loan based on the value of the assets offered as collateral. An interesting tool for growing companies and those undergoing restructuring.