Gelinas & Co

Website Links

Description

Gelinas & Company has been serving the business community for over 50 years by providing small business services, preparing financial statements, individual and business tax returns, auditing and start-up consultations and financial and real estate planning.

Values of privately held enterprises are generally not comparable to publicly held enterprises for at least two distinct reasons. One: There is not a ready market of investors to buy stock in a private company. As such, in the value determination the valuator ofentimes deducts a "Lack of Marketablility Discount" from the company value determined to adjust for the cost required to take a company public and/or sell the business through a broker. Two: Most privately held companies are much smaller in size than public companies.

When either the IRS or another tax authority questions your returns, you need to be confident that the professional representing you has the skill and experience necessary to deal with the situation. We have vast experience in dealing with various federal and state tax agencies and can ensure our clients are being properly represented.

Our training, combined with our experience in taxes, auditing, accounting, small business and financial analysis, provides a strong mix of insight that is invaluable when determining the value of your business. We can also make suggestions to help improve the condition of your business before changes occur.

Historically, owners of private companies have looked to cash flows and tangible assets for company value, with little consideration given to the goodwill of the enterprise. Consequently, at retirement they get less value than what otherwise might be possible, by selling only the tangible assets of the business or simply liquidating inventories and closing the doors. The fact of the matter is, much of America's wealth is tied up in privately owned companies and is attributable to business goodwill.

Fact sheet

Company contacts

Products & services

Similar companies nearby