what is another circumstance where a CPA and attorney
should collaborate in the client's interest?
is important to have an accountant review those sections of
the agreement relating to valuation issues e.g., how to
determine the book value of the corporation's stock (and
which valuation methodology should be used) when it is
sold to new stockholders or redeemed from departing stock-
holders, what depreciation schedule should be selected for
depreciable assets, etc.
working with an attorney to update a shareholder agree-
ment. My client's family-owned business is substantial.
There was a sudden passing of the parent who established
the business, and it left the children in the business in a
position of urgent need for legal expertise. We resolved that
as a team very well, in the face of the additional family rela-
tionships that can complicate business dealings.
your referral base of CPAs and attorneys?
opportunity to reach a broad base of CPAs who belong to
the state association and read this publication. And, of
course, working with a CPA, such as David, gives me confi-
dence referring him to my clients.
it likely we'll work together and refer clients to each other in
the future. I also find that the nature of my long-standing
relationships with my clients naturally puts me in contact
with their other advisors, including their attorneys.
are not comfortable with networking?
landscape. It's necessary in order to do the best job for your
client and to feed new business into your pipeline of oppor-
tunities. Learn to play golf if you think you'll enjoy it. Then,
golf with lawyers and other professionals. You'll develop
business relationships and have some fun. Also, get on com-
mittees and boards in organizations that are important to
you. It's a great way to meet other professionals and do
something for the community that you feel good about.
only to meet other lawyers. That's probably very good for a
CPA, but not as good for me. My focus is on finding, as
David said, organizations and committees that I feel con-
nected to and enjoy. Then, you start off with something in
common with the others in it.
Growth at Konowitz, Kahn & Company, P.C.
in North Haven and Middlebury. She has
more than 25 years of experience in market-
ing, sales, and business development.
Contact her at JillK@konowitzkahn.com.
pal of Konowitz, Kahn & Company, P.C.
He serves as the firm's human resources
principal and oversees staffing needs,
compensation models, and overall hiring
practices, and also leads the firm's
forensic and litigation team. He is an
Zangari Cohn Cuthbertson P.C. in New
Haven. He represents management in the
defense of employment, discrimination,
retaliation, harassment, wrongful dis-
charge, breach of contract, and various
tort claims. He holds a B.A. from Case
College Law School. Contact him at 203-789-0001.
CSCPA wants help!