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| If you wish to receive the full text of any article please click on the title of the respective article. |
1.Property Owners Beware: New Cable Code Could Represent Significant Costs
Mike Rosenberg, CPA, MBA Partner
For property owners who are not yet aware, there have been changes made to the National Electric Code pertaining to abandoned cabling, which could result in significant costs to building owners. These Code revisions have been ratified in 33 states and are likely to be mandated nationwide. Abandoned cabling is defined as wiring which is not terminated with a connector at both ends or designated for future use.
Under the revised code, which is written by the National Fire Protection Agency, abandoned cabling of any age, including brand new wiring, must be removed or contained in metal cases when new cable is installed or when a building undergoes renovations.
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2.Making Strategic Use of the Family Limited Partnership
MWE Partner Mike Rosenberg Presents Strategies for Effective Use of the FLP
The Family Limited Partnership (or FLP) has been a staple estate planning technique for many years. Among the many good business reasons for using FLPs is the ability to manage and control (subject to fiduciary standards) family-owned assets, and obtain creditor protection. Considerable wealth can be transferred by gifting or selling to younger family members non-managing FLP interests at discounts from the underlying value of the FLP’s assets. Discounted estate tax valuations can also be achieved when an estate owns non-managing FLP interests.
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3.Private Equity
Jeffry L. Bass, MA, MPA
Principal
Private Equity is an often misunderstood capital source. Many individuals associate the use of private equity with the merger and acquisition activities of the late 1980’s through 2000. Since 2000, several forces converged to effectively bring private equity financing from America’s corporate echelons to industrial communities like Hauppauge where the majority of the Nation’s middle market companies reside.
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4.Estimating and Bidding - Take Control
John Schmuck, CPA
Manager
Controls over the estimating and bidding functions are important for contractors, developers and owners. Unreliable estimates can lead to overruns, affect profitability and ultimately lead to an unsuccessful project.
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5.BENCHMARKING
Does your performance measure up?
Nuruz Rahman, CPA
Senior Manager
Where do I stand? This is a common question for everybody from the manager of a sports team to the CEO of a Fortune 500 Company. Determining how your performance rates in comparison to a standard is a key to achieving your ultimate goal. Benchmarking is the tool that facilitates obtaining that knowledge.
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