There are a few reasons why a practice seller might want to do it themselves and avoid the services of a bona fide broker. Saving the commission costs and keeping it quiet are two reasons often cited by sellers. Jackie Joachim, offers up the other perspective and advises not to fall into the “do it yourself” trap.
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It’s that time of year again when we dutifully sign-off on our accountant’s work, your corporate financial statements, and send our taxes to the government. For many, the financial statements are somewhat of a mystery. Dr. Roxanne Arnal, your family financial adviser, provides an overview of the Balance Sheet and Income statement and demystifies related tax-time terms in plain language.
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IRIS, The Visual Group, continues to consolidate its growth in British Columbia and Ontario, announcing new partnerships in two BC locations and one Ontario location. In each case the new partners will receive dividends on the basis of the profit of the individual location, their salary and participate in the appreciation of value as the practices grow.
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Luxottica takes another step to implement their vertical integration strategy with the majority acquisition of FEDON, an European based glasses cases and packaging corporation. The acquisition secures an important supplier as the luxury frame market consolidates and implementation of sustainability initiatives become increasingly important.
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Roxanne Arnal, Optometrist and financial adviser, provides a primer on the different types of insurance, the risks, benefits and potential tax implications. She also discusses the implications and benefits of business-owned policies.
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Business tips you need to know. Industry news that affects your practice.