In the complex web of economic forces that shape a nation’s financial landscape, few institutions possess as much influence as the central bank. In the United States, the Federal Reserve, often simply referred to as the Fed, plays a pivotal role in steering the economy. One of the primary tools in its arsenal is the
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Summit Advisory played a crucial role in both aligning the diverse goals of the sellers, and by finding solutions that catered to their individual desires for the future. Lafferty has been a key distributor of high-quality hardwood lumber, catering primarily to the Mid-Atlantic area for over a century.
When it comes to selling a business, clearly understanding the tax implications for both the Buyer and the Sellers is crucial in negotiating the final deal structure. With over 30 years as an M&A consultant, Summit Advisory has seen a wide array of deal structures, and understands the catalysts behind when and why they might
FOMO on Reshoring? 5 Reasons Behind the Recent Reshoring Spike in the U.S. For decades, companies have looked abroad, mainly to Asia, to lower labor and operational expenses. The additional costs for shipping, tariffs, and logistics were thought by many, to be outweighed by the operational flexibility and operational cost reductions that outsourcing provided. That
Little upfront cost. Contracted production. Branded label applied. Launch. Market. Repeat. For many Brands, this formula is what has made them who they are today. But with the consolidation of Co-Packers, Brands are forced to consider changing what they once called business as usual. Co-Packers now have leverage with their own seat at the table. The
Debuting in 1969 with tourist-friendly meat and potatoes meals, the Smoketown restaurant was among the first to offer heaping portions of traditional Pennsylvania Dutch food for people visiting the area. But after 52 years serving all-you-can-eat, family-style meals to busloads of tourists, the owners of Good ‘N Plenty have had enough. In December of 2021
$28,000. That’s how much you could get per employee for the 2021 year with the Employee Retention Tax Credit. And for 2020, you could get up to $5,000 per employee. As part of the CARES Act, this is a refundable payroll tax credit that you can retroactively plan to receive even after significant changes have
They almost lost it all and no one saw it coming. American Superconductor, a MA-based company, was quickly gaining recognition for their successful business in technology that utilized wind for energy. They established a relationship with the Chinese- based company Sinovel who was at the time one of their largest customers. In fact, Sinovel made
Do Not Forget About Your Intellectual Property The future of your business rests on the decisions you make today. If a transaction can be forecasted in the near or distant future, then deciding to become familiar with your business’s intellectual property will better prepare you for when you eventually reach the negotiation table. In reality,
In the shadow of COVID, we have learned that there is nothing like connection through physical community. Yet technology has reinvented the important bridges in our society to keep them from being lost. Businesses have felt the stress of COVID’s impact the most. Navigating through challenges outside of personal control has forced businesses into uncomfortable