News

Oetter Quoted in "Are You Worried?", Insight Magazine

2009-11-02T21:29:23Z

Paul Oetter, Partner in Charge of Blackman's Manufacturing & Distribution Practice, was asked about potential benefits and challenges to the adoption of International Financial Reporting Standards (IFRS) in a recent issue of Insight Magazine, the official publication of the Illinois CPA Society.

Paul Oetter, senior partner with Blackman Kallick, says that for small to midsized private companies, the frustrations surrounding lack of information and clarity are even greater. “They don’t have the SEC telling them what to do; everything is much less clear for them,” he explains, adding that it’s in the best interests of a private company to wait and see what happens. “You can make a strong argument now that there is no clear benefit to adopting IFRS for private companies. Particularly as many companies battle the recession, the last thing they need to deal with is something that will take their focus off what they must do to stay profitable right now.”

Read full article.

Elden Rorem Profiled in ALA's Administrator's Advantage

2009-10-30T16:54:47Z

Jill Elden Rorem, Senior Manager in Blackman Kallick's Legal Staffing group, is featured in the September/October issue of The Administrator's Advantage, the official publication of the Association of Legal Administrators (ALA.)

Jill specializes in the recruitment of paralegals, associate attorneys and contract legal professionals and has been involved with the ALA for serveral years.

Read Jill's profile.

Robertson "Strategize to Capitalize" Article Featured in Construction Today

2009-10-28T16:27:45Z

Mark Robertson, Senior Manager in Blackman's Transaction and Lender Services Practice, asks readers, "Are you able to take advantage of this financial crisis and better position your own business for long-term success?"

Read Strategize to Capitalize and learn how to approach strategic acquisitions during an economic downturn.

AMBA Webinar Recap in Summer issue of American Mold Builder

2009-10-26T14:59:29Z

Pat McNally, Partner in Charge of Blackman Kallick's Corproate Finance group, led a webinar in April with David Kane, an attorney with Chicago law firm Meltzer, Purtill & Stelle, entitled "Protecting Your Company from a GM Bankruptcy."

Highlights and key take-aways from that webinar appear in the Summer 2009 issue of American Mold Builder, the official publication of the American Mold Builders Association.

Read full article.

McNally "Dollars & Sense" Article Featured in Construction Today

2009-10-26T14:05:42Z

Pat McNally, Partner in Charge of Blackman's Corproate Finance Group, advises readers on how to protect their own interests when a client experiences financial turmoil in Dollars & Sense, an article appearing in the November 2009 issue of Construction Today.

Cain Presents Surviving the Upturn, Be "The Other" at AICC Event

2009-10-22T21:16:42Z

Blackman Kallick Managing Director, Barry Cain, teaches local members of the Association of Independent Corrugated Converters how to survive the impending economc upturn by becoming "the other" in his presentation on November 3. Cain recently authored an article on the same topic and will be giving a webinar on November 16.

Lowenthal Speaks on Tax Development for Charitible Organizations

2009-10-19T16:03:01Z

Blackman Kallick Senior Manager, David Lowenthal, presents to the Professional Advisory Committee of the Jewish United Fund on new tax developments for charitible organizations including private foundations, supporting organizations and donor advised funds on October 19. The meeting is located at the Lillian and Larry Goodman Conference Center at 30 S. Wells Street in Chicago.

McNally Presents on Negotiating Skills at TMA's Third Annual Business Conference

2009-10-05T17:48:43Z

Patrick McNally, Partner in Charge of Blackman Kallick's Corporate Finance Consulting Group, shares his insights on how to become a better negotiator at the Tooling & Manufacturing Association's (TMA)3rd Annual Business Conference. The one-hour seminar, taking place on November 12 at the Chicago Marriott Schaumburg, delivers basic principles applicable to both simple and complex negotiations.

Click here for more information and to register.

Su Presents on International Mergers & Acquisitions at MBDA China Forum

2009-09-30T21:33:25Z

On Tuesday, October 6, approximately 80 business owners and investors attended the sold-out MBDA China Forum where the Chair of Blackman’s China Practice, Stella Su, presented on International Mergers & Acquisitions with a focus on Chinese investment . As part of the MBDA Access to Global Economy - China program, MBDA is providing quarterly forums to discuss various issues in doing business in China and with Chinese companies in the U.S.A.

Other presenters included George Mui, Global Business Consultant,U.S. Department of Commerce, Bridget Lee, Director of Hong Kong Trade Development Council and Philip Barreda, Executive Vice President of the Chicago Minority Business Development Council.

Rood Presents, Current Trends in State Taxation at IL CPA Society 2009 Tax Conference

2009-09-30T17:30:37Z

Blackman Kallick Senior Tax Manager Deborah Rood examines combined reporting and the apportionment of revenue along with other state tax trends at the Illinois CPA Society 2009 Tax Conference on Tuesday, November 10. The all-day event taking place at the Donald E. Stephens Convention Center in Rosemont provides information, education and best practices for CPAs, financial officers, auditors and tax professionals.

Other presentation topics include Ethics Overview, Appeals 101 and Corporate Tax Update. Click here to register.

Stapleton co-authors 'Recovery Act Reminders for 2009' in the Journal of Accountancy

2009-09-29T14:05:03Z

Nora Stapleton, Tax Partner at Blackman Kallick, shares her expertise on the American Recovery and Reinvestment Act (ARRA) in the October issue of the Journal of Accountancy. The article, Recovery Act Reminders for 2009 summarizes some of the most prominent points readers should discuss with their clients including implications on income, deductions and credits.

Stapleton co-authored the article with Ellen Cook, Chair of the AICPA Individual Income Taxation Technical Resource Panel, Anna Fowler, past member of the AICPA Tax Executive Committee, Annette Nelson, Vice Chair of the Individual Income Taxation Technical Resource Panel and Joseph W. Walloch who practices in Redlands, California.

Blumenthal, Cain, Calahan and Whitlock Present on Economic Recovery at The First Midwest Bank Business Summit

2009-09-24T14:39:26Z

Four Blackman Kallick partners joined keynote speaker William Strauss, Senior Economist of the Federal Reserve Bank of Chicago at the First Midwest Bank Business Summit on September 23 at the Westin Chicago Northwest. The half-day event provided over one hundred business owners with the latest information on federal and state tax laws changes as well as tools for dealing with the “new normal” in their businesses as the economy rebounds.

Back to the Future - Strategies in a Rising Tax Environment, Mark J. Blumenthal, Partner

Surviving the Upturn - Planning for the "New Normal", Barry S. Cain, Managing Director

What Color is Your Business - A Tax Man's Search for the "Real Green", Michael O. Calahan, Partner

Planning for Succession as the Economy Recovers, Brian T. Whitlock, Partner

For more information on the above presentations, please contact Mark Blumenthal, Partner, Chairman, Family Office Service Group, Co-Chairman, Private Equity and Venture Capital Group at mblumenthal@blackmankallick.com.

Su and Oetter Host Chicago Welcome Reception for CCPIT Delegation

2009-09-22T19:44:14Z

Blackman Kallick Partner Paul Oetter and Director Stella Su, together with representatives from Miller Canfield and Royal Roots Global, Inc. welcomed over fifty delegates from the China Council for the Promotion of International Trade (CCPIT) on September 13 at Hing Kee restaurant in Chicago. Attendees enjoyed dinner and networking and were addressed by Gene Lee, Deputy Chief of Staff for the Chicago Mayor’s office.

The evening reception was a kick-off event for the first annual U.S. - China Economic and Trade Cooperation Forum, co-sponsored by the U.S. - China Chamber of Commerce and the CCPIT, which took place at the Chicago Marriott Downtown on September 14. One hundred and seventy five business owners from the U.S. and China gathered to explore critical trade and investment topics, promote common solutions to global challenges and strengthen relations. Read more about the forum here.

McNally “Prep for Success” Article Published in Construction Today

2009-09-21T02:40:35Z

When selling your business, there is a great deal to consider…unfortunately many people approach this process blindly and make every mistake imaginable.

In the September 2009 issue of Construction Today magazine, Patrick McNally – Partner in Charge of Corporate Finance and Consulting – walks you through best practices for selling a business including establishing your goals, accurately assessing the current state of your business and enhancing value, finding the right buyers and making sure you obtain the full, agreed-upon price. Case studies are used to highlight the common mistakes that people make during the selling process.

Read the full article.

Su “To Whom Will You Sell Your Business” Article Published in Manufacturing Today

2009-09-21T02:40:33Z

You might have heard that the best buyer is your larger competitor (strategic buyer) and that because they know your business and industry the sale may close sooner. You may have also heard that selling to a financial buyer is your best bet if you want your business to stay intact after the change of ownership. And would it be easier to just keep the business in the family? Are there really big differences in selling to these different types of buyers? Which type fits your situation the best?

In the Fall 2009 issue of Manufacturing Today magazine, Stella Su answers these pertinent questions and more in her “To Whom Will You Sell Your Business” article as she helps readers explore the differences between buyers and helps them be more informed sellers.

Read the full article.