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by Courtney FoleyOctober 25, 2021 Uncategorized0 comments

Attend our last General Meeting of the year! 11/16 @ 10:00am

Attend our last GABB General Meeting of the year on Tuesday, November 16! The event will include an informative presentation by GABB Board Member Jeffery Merry, M.B.A. J.D., Founder and President of The Business House, and an important voting session for next year’s officers (more information on nominees to be released prior to the event).

When:
Tuesday, November 16, 2021
10:00 – 10:30am – Light breakfast and networking
10:30am – 12:00pm (approximately): Presentation, meeting, and voting session
 
Where:
Georgia Association of Realtors classroom: 6065 Barfield Road NE, Atlanta, GA 30328-4402
Or via Zoom (information to be provided to members prior to meeting)
 

PRESENTATION: All About Letters of Intent (LOIs)

Our Board Member Jeffery Merry, M.B.A. J.D., Founder and President of The Business House, will deliver an informative presentation on the Letter of Intent (LOI), or “term sheet,” as a critical preliminary step in the transaction process. 

About our presenter: 

After employment by a Fortune 100 company, Jeffery Merry, began the BUSINESS HOUSE, inc. which has been one of the most successful business brokerage firms in the Southeast since its inception more than three decades ago.

As a Business Intermediary, Certified Exit Planner, and Consultant, Mr. Merry has been involved in mergers and acquisitions that have ranged in acquisition price from $60,000 to more than $15 million. Jeffery specializes in serving the Manufacturing, Distribution, Technology, Service, Veterinary and Medical industries.

Jeffery is a lifetime member of the Georgia Association of Business Brokers (GABB) prestigious Multi-Million Dollar Club and was the first Georgia broker in the GABB to receive the Phoenix award for being in the Multi-Million Dollar Club for 17 consecutive years. Jeffery and the BUSINESS HOUSE, inc. have been a member of GABB for more than three decades and has held the Presidency and Board of Directors positions numerous years.  He is also a member of the International Business Brokers Association and the Business Brokers of Florida Association. 

He is a member of the Advisory Board at the University of North Georgia and is a past adjunct instructor for their MBA program.  Mr. Merry holds a bachelor’s degree from Mercer University in Macon, a Master of Business Administration from the University of Illinois Edwardsville, and a Juris Doctorate from Atlanta Law School.  Mr. Merry is a licensed Real Estate Agent in several Southeastern states, a Senior Business Analyst, and a member of the Exit Planning Institute.  Mr. Merry and his wife Mary reside in Suwanee.  He has five children and five grandchildren and enjoys traveling, reading, and riding his motorcycle.

 

About GABB:
The GABB is Georgia’s largest and most respected association of professionals who help people buy and sell businesses and franchises. Our association includes business brokers, lenders, appraisers, attorneys, business consultants and others who help business owners and entrepreneurs in many ways. Please review our directory if you are seeking a business broker or other professional. For more information about the GABB, contact GABB President Judy Mims at 404-918-3666 or judy@childcare.properties, or GABB Executive Assistant Courtney Foley at courtney.foley@gabb.org or 770-744-3639.

The Georgia Association of REALTORS® is at 6065 Barfield Road NE, Atlanta, GA 30328-4402. The GAR headquarters building is a two-story building located in Sandy Springs near the intersection of Hammond Drive and Barfield Road.

Traveling South on 400
Exit at Hammond Drive (Exit #4C), and turn right. At the first light (approximately .25 mile), turn right onto Barfield Road. The GAR building is the third building on the right.

Traveling North on 400
Exit at Glenridge Drive (Exit #4A), and use the right 2 lanes to turn slightly right onto the Glenridge Connector. Travel approximately 1.3 miles and turn right onto Hammond Drive. Travel approximately .25 mile and turn left on Barfield Road. The GAR building is the third building on the right.

Traveling West on I-285
Exit at Peachtree Dunwoody Road (Exit #28) and turn right. Travel approximately .3 mile to Hammond Drive and turn left. Travel approximately .5 mile (you will cross over GA 400), and turn right onto Barfield Road. The GAR building is the third building on the right.

Traveling East on I-285
Exit at Glenridge Connector (Exit #26) in Sandy Springs and turn left. Travel approximately .4 mile to Hammond Drive and turn right. Travel approximately .5 mile, and turn left onto Barfield Road. The GAR building is the third building on the right.

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by Diane LoupeSeptember 10, 2021 Board Certified Broker, Business Valuation, Buying a Business, COVID-190 comments

Business Valuation: GABB BCB Class Oct 19, 2021

Learn basic approaches to business valuation, including how COVID may have impacted what a business is worth and tax strategies for maximum profits in this three-hour class offered by the Georgia Association of Business Brokers. The class will be held from 10 a.m. until 1 p.m. on Tuesday, Oct. 19, 2021 at the Georgia Association of Realtors classroom and also available online. Registration is now closed.  Students who successfully complete the GABB class will earn credits towards the Board-Certified Broker designation, the first Georgia-specific certification for business brokers. To earn the BCB, business brokers must be members of the GABB and complete 45 hours of coursework. During this extraordinary time in our nation’s economy, the GABB feels that an excellent use of time would be to strengthen the skills professionals need to represent clients fairly, ethically and responsibly. The class (GREC #73547) also offered three hours of continuing education credit towards renewing a Georgia real estate license through the Georgia Real Estate Commission and the GABB’s Real Estate School (GREC #8074). The class will be taught by Jeff Forrestall, CPA, CFF, ABV, PFS, Managing Partner of Forrestall CPAS and Ricky Moore, CPA, PFS, ABV, QKA, MBA, the Manager of Advisory Services at Forrestall CPAs. Both instructors have experience in tax and financial planning and business valuation.  Topics to be covered in this three-hour class include:

  • Reconciling Valuation Approaches – Why sellers like the market approach and buyers like the income approach
  • COVID Updates: How COVID can affect entity value
  • Evaluating and Reducing company-specific risk
  • How to increase after-tax proceeds at the exit point
  • Ethical issues affecting business valuations

If you want to attend via Zoom, and you have not received an email with information about how to join, contact GABB School Director Diane Loupe at diane.loupe@gabb.org or text her at 404-374-3990 for more information. INSTRUCTORS:

Jeff Forrestall

Jeff Forrestall, CPA, CFF, ABV, PFS – Managing Partner of Forrestall CPAs.

Jeff Forrestall, CPA, CFF, ABV, PFS – Managing Partner of Forrestall CPAs. Jeff graduated from Georgia Southern University in 1994 as a Distinguished Military Graduate with a BBA majoring in accounting. He became a partner at Forrestall CPAs, in January 1997. He became the managing partner in 2003. His experience includes financial, business accounting and taxation, merger and acquisitions, 401(k) auditing and administration, business valuations and forensic accounting investigations. He has consulted and advised hundreds of businesses in dozens of industries. He has been a peer reviewer auditing other auditors for compliance to professional standards. He obtained the status as a Diplomate of the American Board of Forensic Accounting (DABFA) and is Certified in Financial Forensics (CFF), Certified IT Professional (CITP), Personal Financial Specialist (PFS) and Certified as Accredited in Business Valuations (ABV) by the American Institute of CPAs.  He additionally obtained the Associate Professional Member (APM) and the Qualified 401k Administrator (QKA) from the American Society of Pension Professionals & Actuaries.  He has been designated as an expert as a CPA and in business valuations by local courts. In 2002 he was recognized by the Georgia Society of Certified Public Accountants as one of the top 30 Certified Public Accountants (CPA) under the age of 40 in the State of Georgia as an alumnus of their Leadership Academy. He was awarded the Gwinnett County Chamber of Commerce “Pinnacle Top 25” for demonstrating extraordinary growth and leadership in businesses and contributions to the community. Additionally, he is an alumnus of the Leadership Gwinnett program, sponsored by the Gwinnett Chamber of Commerce, and an alumnus of the Regional Leadership Institute program from the Atlanta Regional Commission. He is a former member of the Board of Directors and currently serves on the Leadership Council for the Georgia Society of CPAs. He has additionally served as the Chair and the Vice Chair of the Information Technology Section, President of the Gwinnett Chapter for the GSCPA for three terms, a trustee for the Society Insurance trust, a member of the Ethic Committee, member of the MAP section and several task force groups for the Georgia Society of CPA’s.  He is a former peer reviewer for the GSCPA (audited the auditors for quality assurance). He is an active member of the Gwinnett Chamber of Commerce, the American Society of Pension Professionals and Actuaries, American College of Forensic Examiners, Association of Certified Fraud Examiners, Georgia Society of CPA’s, the American Institute of CPA’s and the Georgia Lenders Quality Center.  He is currently the Secretary and has been a member of the Board of Directors for the north GeorgiaSBA office (CDC), Small Business Access Partners, for more than 13 years. He served abroad in the U.S. Army during the war with Afghanistan in 2001 – 2002, as a decorated Commissioned Infantry Officer.  Jeff lives in Braselton with his three younger sons.  He enjoys teaching scuba diving as a Dive Master, recreational sky diving and traveling in his free time. 
Ricky Moore

Ricky Moore, CPA, PFS, ABV, QKA, MBA is the Manager of Advisory Services at Forrestall CPAs.

Ricky Moore, CPA, PFS, ABV, QKA, MBA is the Manager of Advisory Services at Forrestall CPAs. After joining the firm as a staff accountant in 2016, Ricky quickly transitioned into advisory services focused on providing more access to a wide range of services that focus on future growth and less on past compliance for both individuals and businesses alike. These advisory services include business valuation of closely held companies, business acquisition/exit strategy, tax & financial planning, Employee-Owned Stock Option (ESOP) retirement plan design, risk management, and other unique consulting engagements designed to specifically provide a solution to specific needs in industries such as transportation, dentistry, health care, food processing, veterinary practices, childcare facilities, and real estate. Amidst the COVID-19 pandemic, Ricky was the co-host of the Forrestall CPAs COVID-19 Small Business Update webinar series and led a task force that assisted the business community receive loan forgiveness on more than $35 million in Paycheck Protection Program (PPP) loans. He has also been certified by local court systems and the Small Business Administration (SBA) as a ‘Qualified Source’ for business valuation and was awarded the Accredited in Business Valuation (ABV) designation by the American Institute of Certified Public Accountants (AICPA). Ricky also provides retirement planning services to both individuals and businesses and was awarded the Personal Financial Specialist (PFS) credential by the AICPA and the Qualified 401(k) Administrator (QKA) by the American Society of Pension Professionals & Actuaries (ASPPA). To give back to the community, Ricky is a current board member of both the Georgia Lenders Quality Circle (GLQC) and the Hamilton Mill Men’s Golf Association. In his free time, he enjoys spending time with his wife, April, and two children. In January 2021, Forrestall CPAs announced that Ricky had become a shareholder of the firm.  

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