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"I have known Richard Chertock for many years, and we have worked together in multiple real estate..."
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"I have known Richard Chertock for many years, and we have worked together in multiple real estate scenarios, including Rich serving as corporate counsel, and also representing my family personally. In my opinion, Richard is a knowledgeable, highly experienced, and extremely professional attorney, and you would be in excellent hands without question."
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"Sheila is extremely knowledgeable, professional, and thorough. Her reputation is stellar, and for good reason!"
Recent Activity
It would be difficult to go into the many aspects of reading and understanding financial statements within the scope of this forum, but I can give you the big picture. The balance sheet represents the financial position of the company as of the balance sheet date. you would first look at the...
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It would be difficult to go into the many aspects of reading and understanding financial statements within the scope of this forum, but I can give you the big picture. The balance sheet represents the financial position of the company as of the balance sheet date. you would first look at the stockholder's equity section to see if the company has positive retained earnings. If so, this is an indicator that the company is healthy and has been earning profits that are retained in the business. There are many analytics to review the balance sheet, examples of which are working capital, debt to equity ratio, return on total assets, etc. The income statement is simply a calculation of the company's income and expenses for the period of time or date range specified. Clearly, you want the "bottom line" to be a positive amount, indicating that a profit, and not a loss, has been earned. You should look at the income statement trend for five years to see how the company has been performing, what direction it is heading, etc. The third primary financial statement is the statement of cash flows. This will tell you if the company is generating cash from operations, from financing activities (e.g. loans and debt service payments), and from investment activities (e.g. purchases and sales of property and equipment).
I would recommend QuickBooks, due to the fact that it has an incredible amount of capabilities for its price. It is also easy to use and understand, and setting up a new company data file is a guided process. All of that being said, you should work with a CPA or QB Pro Advisor to answer your...
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I would recommend QuickBooks, due to the fact that it has an incredible amount of capabilities for its price. It is also easy to use and understand, and setting up a new company data file is a guided process. All of that being said, you should work with a CPA or QB Pro Advisor to answer your questions, etc.
