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If you are a foreign company (Canadian, federally-incorporated), what kind of actions can you take to make it as easy as possible for a US company to acquire yo
by kitcar 16y ago
If you are a foreign company (Canadian, federally-incorporated), what kind of actions can you take to make it as easy as possible for a US company to acquire you (from their accounting perspective) ?
- camz 16y agoCanada generally uses GAAP like the US so theres no problem there. Also, accounting isnt going to be a serious issue when a company wants to buy you. This is more like an afterthought. If the buyer gets a tax benefit then thats icing on the cake but the accounting wont make a big difference unless they see that your books and records are complete shit and totally messed up. Then the buyer might get scared and think you're cooking the books. But, thats the only situation i can think of that would make a big deal.