There is a new Help Wanted Posting for a Field Service Technician on our Now Hiring page. Click on the link for more information.

{ Comments on this entry are closed }

The 2nd Annual Maryland Construction Industry Survey, hosted by Gross Mendelsohn & Associates in conjunction with MCN, is now open and ready for your participation. Our survey is designed to determine the state of the construction industry while identifying areas of optimism and concern for all companies involved in the construction process in Maryland. We sincerely hope you will take 10 minutes or less to participate in this important survey. The larger the sample group, the better the data. More than 200 companies participated in our 2016 survey.

Gross Mendelson’s Steve Ball will present the survey results at Maryland Construction Network’s May 4th, 2017 Direct Connect Networking Event. Information provided from the survey will allow you to measure and compare your company to others doing business within the state. Survey data will also help you identify trends and markets to examine and target for upcoming work.

As always, your responses and private information will be kept confidential. Participants will be entered into a drawing for a $500 Home Depot Gift Card.

{ Comments on this entry are closed }

Play

Download the slideshow handout. Steve_Ball_HeadshotThe slides have been converted to a .pdf.

This program was recorded on April 23rd 2015. Our speakers were Mr. Stephen K. Ball CPA, CVA, CCIFP,  director of Gross Mendelsohn’s Construction & Real Estate Group and David Lanchak, CPA, CVA, CCIFP. The entire program is 53 minutes and 23 seconds in length.

Business owners often spend so much time pouring their blood, sweat and tears into managing their company that they forget to plan for the future.

When is the last time you asked yourself, “What is my plan for successfully exiting this business?” Or, “What will happen to my business once I’m gone?”

A construction contractor might choose to do one of several things as they exit the company. They could outright sell it to someone else, transition it to key employees, transfer it to family members or shut it down. There is no “one right way” to exit a business. It’s a personal decision for the business owner that should take into account multiple financial, legal, tax and personal issues.

Like many things in life, the more you plan your exit from your business, the more you’ll succeed. Taking steps now to plan your exit will undoubtedly help ensure a smooth transition later.

  • Looking ahead to retirement – what are your options?
  • Alternatives to outright selling your business
  • How to get paid out as you transition out of your business
  • Taking care of your employees – what’s next for them as you exit the business?

Contact – Steve Ball CPA, CVA, CCIFP is the director of Gross Mendelsohn’s Construction Group. He works with construction contractors on exit planning, succession planning, profitability and business valuation issues. Steve also provides audit, review, compilation, tax and consulting services to construction contractors.

Contact – David Lanchak, CPA, CVA, CCIFP

A Certified Valuation Analyst, David sees tremendous opportunities for clients when the right valuation is performed for the right purpose. When preparing business valuations, David most often works with clients who are developing a succession plan, buying or selling a business, planning an estate, or in litigation.

{ Comments on this entry are closed }

Frederick County Presentation Notes

The following links will open pdf’s of the three PowerPoint presentations delivered at MCN’s March Direct Connect meeting in February. Frederick County Public Schools Frederick County Department of Economic Development Howard County Economic Forecast

Read the full article →

My Favorite Side of Podcasting

I recorded another MCN podcast on December 10th with Steve Ball, a partner with Gross Mendelsohn CPA’s. We were taping a segment about succession planning to help make people aware of the importance of this vital, but often overlooked, part of the business plan. Steve will be giving a seminar on February 17th for anyone […]

Read the full article →

MCN’s 1st Anniversary for Memberships

April 26th 2013. That was the day MCN accepted it’s very first membership application. A year (and two weeks) later MCN has 189 members. That averages to exactly 1 new member every other day. Not every other work day, but every other day! Only a year or so in business, MCN is already one of the largest […]

Read the full article →

Key Characteristics of Profitable Construction Companies

Download the slideshow handout. The slides have been converted to a .pdf. This program was recorded on May 8th 2014. Our speaker was Mr. Stephen K. Ball,  director of Gross Mendelsohn’s Construction & Real Estate Group. The entire program is 55 minutes and 29 seconds in length. The following is a summary of the “key” takeaways from the seminar as […]

Read the full article →