The work on this matter was supervised & substantially performed by John M Leask II then a principal in Leask & Leask PC, CPA.

THE CHALLENGE	This individual, not a client of Leask & Leask, had 15 years of experience in the working world, a little money saved, and was now ready to take on new challenges by buying his own business. How should he begin the process of finding a business that would meet his goals? Then, what criteria should he use to evaluate the prospective businesses and how should he go about funding the purchase? Leask & Leask guided him through the entire process.
THE SOLUTION	As we regularly do with the numerous referrals of this type that we receive from lawyers, Leask & Leask advised this client on how to go about finding a business of the desired type that also met his goals. After rejecting several, one was found that was deemed a good buy. We provided advice throughout the process including the due care analysis, examining the firm's books and records to make a determination as to the reliability of those materials. negotiations to purchase a second related business.	A feasibility study was made to determine the true profit of the business now, and in the future with operational changes, by examining cash flow and income forecasts to best determine profit projections. We also set a negotiating strategy, helping the parties determine the price and arranging the terms of the deal. The result? The business was purchased and proved to be every bit as successful as was envisioned. In fact, the new owner then engaged us to help with
BENEFITS	ü       One source for accomplishing all of the following: the due diligence analysis, forecasts of future income, assistance in setting the price and terms of the deal. ü       Devised a tax strategy and made appropriate tax elections to help maximize deductions and minimize taxable income so that Uncle Sam helped fund a significant portion of the funds used to purchase the business. ü       Developed the financing strategy used to fund the purchase of the business. ü       Helped management organize the financing request for banks. ü       Matched the business with a bank that was willing to fund the purchase of the business and served as the go between for the bank and the business.