How to Get Complete Financial Picture When Taking Over Site Management

If you're considering taking over the management of an assisted site, or if you've already agreed to do so, look carefully at the site's financial statements for signs of financial problems or challenges you may face once you start managing the site, says Seth D. Strongin, a CPA in Atlanta, Ga., specializing in the financial management of assisted sites. Knowing what problems may lie ahead can help you:

  • Plan how you'll manage the site;

  • Prevent small problems from turning into big ones after you take over; and

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