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Gross Mendelsohn Blog

A resource to help business owners, nonprofit executives and high net worth families preserve wealth, grow and thrive.

How to Prepare for Your Private School’s Next Audit

While students might be out for the season, summer is often the time when private schools hit the books to prepare for their yearly audit. Here's a quick guide on how to prepare your private school for this year’s audit.
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Before Transferring Your Family Business to the Kids, Consider These Things

I was on my way home the other day, talking with a client who was stressed about a major decision she was facing. After years of pouring her heart and soul, not to mention money, into building a successful family-owned business, she was ready to move on...
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Quick Guide: Accounts Receivable Management for Long Term Care Facilities

As every long term care provider knows, effectively managing accounts receivable is critical to an organization’s financial success.
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8 Characteristics of Successful Family-Owned Businesses

There’s no magic bullet for making your family-owned business hum smoothly along from one generation to the next. The good news? You can learn from successful family-owned businesses that have made it to the second, third, fourth and even fifth...
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When Do You Need a Business Valuation?

A business valuation is often required to accomplish various personal, estate or business goals. There are certain life events that require business owners to get a business valuation.
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Quick Guide: Exit Planning for Family-Owned Businesses

If the COVID-19 pandemic has taught us anything, it’s that we don’t know what’s coming around the corner. And like the pandemic, the next thing that comes around the corner will likely be out of your control. But there is something you can control with...
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