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PC is a dentist
Desiree:
The trustee may take the accounts receivable, and may want to sell the other assets of the practice, chairs, drills, xray machine, but the trustee probably won't try to sell the practice. Why? Because the trustee cannot give the buyer a covenant not to compete with the current dentist. It is standard when selling this type of business to give a covenant not to compete. The trustee cannot tell the dentist that the dentist may not approach the patients to keep the patients, so it is unlikely there will be any buyers.
d
Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503 310-328-1001-voice
> On Oct 8, 2013, at 12:21 PM, "Desiree Causey" wrote:
>
> She made many bad business investments. Had many judgments against her and small consumer debt. No equity in the house, good with the IRS (but who knows). She has a dental practice with a lease and leased equipment that she is behind on. The dental practice is really the only asset we are concerned with. How would the trustee value that business (goodwill, receivables, etc.) as she would mostly likely want to retain it.
>
>
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> Any thoughts?
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>
>
>
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> Desiree Causey, Esq.
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> Law Office of Desiree Causey
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> 17011 Beach Blvd., Suite 900
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> Huntington Beach, CA 92647
>
> causeylaw@gmail.com
>
>
>
> 714-375-6663
>
> 714-908-7646 (fax)
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causeylaw@gmail.com 714-375-6663714-908-7646 (fax)
The post was migrated from Yahoo.
Dear Attorney Causey:
Yes, you need to put together a set of financial statements (B/S, I/S) for the last 3 years.
Check with the trustee to see what she wants and how many years of data. The trustee
could want some supplementary data too.
Please let us know what happens.
Good Luck starts with a strategy and a plan. The time is now to lower 2013taxes.
Robert J. Suhajda, MS,CPA
17721 Norwalk Blvd. #43
Artesia, CA 90701
562-924-8922
Sincerely yours,
Robert Suhajda, MS, CPA, JD
Robert Suhajda,
Business and Tax Consultant
In a message dated 10/9/2013 1:02:52 P.M. Pacific Daylight Time,
causeylaw@gmail.com writes:
She made many bad business investments. Had many judgments against her andsmall consumer debt. No equity in the house, good with the IRS (but who
knows). She has a dental practice with a lease and leased equipment thatshe is behind on. The dental practice is really the only asset we are
concerned with. How would the trustee value that business (goodwill,
receivables, etc.) as she would mostly likely want to retain it.
Any thoughts?
Desiree Causey, Esq.
Law Office of Desiree Causey
17011 Beach Blvd., Suite 900
Huntington Beach, CA 926 47
causeylaw@gmail.com
714-375-6663
714-908-7646 (fax)
Dear Attorney Causey:
Yes, you need to put together a set of financial statements (B/S, I/S) for
the last 3 years.
Check with the trustee to see what she wants and how many years of data.
The trustee
could want some supplementary data too.
Please let us know what happens.
Good Luck starts with a strategy and a plan. The time is
now to lower 2013 taxes.
Robert J. Suhajda,
MS,CPA
17721 Norwalk Blvd. #43
Artesia, CA
90701
562-924-8922
Sincerely
yours,Robert Suhajda, MS, CPA, JDRobert Suhajda, Business and Tax Consultant
In a message dated 10/9/2013 1:02:52 P.M. Pacific Daylight Time,
causeylaw@gmail.com writes:
She made many bad business investments. Had many judgments
against her and small consumer debt. No equity in the house, good with
the IRS (but who knows). She has a dental practice with a lease and leased equipment that she is behind on. The dental practice is really
the only asset we are concerned with. How would the trustee value that
business (goodwill, receivables, etc.) as she would mostly likely want to retain it.
Any thoughts?
Desiree Causey, Esq.
Law Office of Desiree Causey
17011 Beach Blvd., Suite 900
Huntington Beach, CA 926 47
causeylaw@gmail.com
714-375-6663
714-908-7646 (fax)
The post was migrated from Yahoo.
To: cdcbaa@yahoogroups.com
X-Yahoo-Newman-Id: groups-system
She made many bad business investments. Had many judgments against her and
small consumer debt. No equity in the house, good with the IRS (but who
knows). She has a dental practice with a lease and leased equipment that
she is behind on. The dental practice is really the only asset we are
concerned with. How would the trustee value that business (goodwill,
receivables, etc.) as she would mostly likely want to retain it.
Any thoughts?
Desiree Causey, Esq.
Law Office of Desiree Causey
17011 Beach Blvd., Suite 900
Huntington Beach, CA 92647
causeylaw@gmail.com
714-375-6663
714-908-7646 (fax)
The post was migrated from Yahoo.
X-Yahoo-Newman-Id: groups-system
She made many bad business investments. Had many judgments against her and
small consumer debt. No equity in the house, good with the IRS (but who
knows). She has a dental practice with a lease and leased equipment that
she is behind on. The dental practice is really the only asset we are
concerned with. How would the trustee value that business (goodwill,
receivables, etc.) as she would mostly likely want to retain it.
Any thoughts?
Desiree Causey, Esq.
Law Office of Desiree Causey
17011 Beach Blvd., Suite 900
Huntington Beach, CA 92647
causeylaw@gmail.com
714-375-6663
714-908-7646 (fax)
The post was migrated from Yahoo.