There are hundreds of 1031 like-kind exchange providers in the US, and any business looking to do LKEs, whether it's one single exchange or a huge program, is advised to ask a lot of questions to make sure they've found the best provider for their requirements. Some of these questions are probably obvious to any experienced businessperson. You're looking for a business with expertise in your industry (if you're exchanging heavy equipment, a qualified intermediary [QI] that has only done real estate is probably not the right choice), for example. If you're going to be conducting more complex exchanges (reverse, improvement or full programs) then you're looking for a larger, more sophisticated provider. You'll want to know about the firm's client service program, as well.
America's looming macro-succession crisis: Boomers, Xers, Millennials and the future of your workplace
I was recently re-reading a Seattle Times story from a couple years back on how men in their 30s are earning less than their fathers did. An interesting story top to bottom, but the concluding section drew me back around to something that I really haven't talked about enough lately - the looming generational macro-succession nightmare facing corporate America. It's impossible to say precisely how many businesses are going to feel the bite - or already are - but my best guess is somewhere between "many" and "most."
This part you may have heard before:
Diehard careerist baby boomers also might partly explain the inability of 30-something men to move up the income ladder as quickly as their fathers. From the moment Generation Xers entered the workplace, boomers have been the "ceiling" blocking their way up the income ladder, said Peter Rose, a partner with marketing-research company Yankelovich in Los Angeles.
- What are the partnership's benefits?
- Why Network International?
- How do Network International's services benefit buyers in the energy industries? Sellers?
Dan Belger, Accruit's VP of Sales, will be hosting and moderating the Resource Plays Game Plan session, featuring Nikolai Lyngo, VP of North American Business Development with Statoil; and Frank Lodzinski, President of GeoResources, Inc.
(Denver CO) - The contemporary marketplace is flooded with businesses providing a broad array of valuable services, but tightening budgets and shrinking staffs have put a premium on efficiency and synergy. So the ultimate value arises when industry-leading businesses team up to provide their clients with one-stop access to a variety of innovative and quality services.
To make their point, equipment dealers, manufacturing representatives, labor leaders and others will stage a rally of the Start Us Up USA! campaign on the National Mall against a backdrop of idle construction equipment and surrounded by a sea of 5,500 orange flags - each one representing 100 jobs already lost in this industry. The equipment caravan, displaying Start Us Up USA! banners and waving orange flags, will parade the major streets surrounding the National Mall and Capitol Hill throughout mid-day after cruising past the campaign rally in progress.
Featured speakers this year include Bobby Tudor, Chairman & CEO of Tudor Pickering & Holt, LLC; Danny Weingeist, Co-Managing Partner of Kayne Anderson Energy Funds; John Weinzierl, Managing Director of Natural Gas Partners; and Brent Abrahm, President & CEO here at Accruit.
While the country is in recession, the state of the construction and equipment industries is more like a depression, reflecting the worst conditions our industries have seen since the end of World War II. Skilled, well-paid workers are idle while we tolerate a transportation infrastructure that is ever more congested and increasingly unsafe.
Oil & Gas: 1031 exchange program generates massive cash flow and asset management benefit for energy industry giant IconX
IconX had historically employed 1031 like-kind exchanges (LKEs) for real estate and leasehold transactions, but several years ago company executives learned that LKEs could also be used for non-real estate assets - vehicles, production/drilling equipment, even certain types of intangible assets (like mineral rights).