Accounting / Finance Reorganization
PROBLEM
- Builder’s accounting system and files were completely corrupt making them unusable and builder was unable to create any sort of financials for investment bankers or others.
- Builder was in the middle of a nine-figure tax audit with the state due to structuring a joint venture inappropriately.
SOLUTION
- I led the recovering of the core data and then led implementation of new enterprise-class accounting system.
- Additionally, was part of team which restructured legal structures to be tax efficient (federal and state) while providing intelligent protection of stakeholders.
- Had completely satisfactory resolution of nine-figure state tax audit.
- We became one of largest private builders in the state being recognized both by the Puget Sound Business Journal and national media for growth – which happened in one of the worst real estate downturns of a generation.