Dealerships
High consumer confidence, an increase in discretionary spending and the availability of low interest rates are ideal conditions for dealerships to grow. Honkamp understands that the dealership industry faces tight regulations, decreased margins, increased online competition and a continued vulnerability to market conditions. Honkamp will partner with you to take advantage of market opportunities and mitigate risk and competition.
The ways we can assist include:
- Sales tax issues, including nexus if you are selling to multiple states
- Income tax issues
- Employee turnover
- Private equity groups offers
- Retirement plans that benefit both the owners and employees
- Fraud prevention with the establishment of internal controls
- Business transition, exit planning and estate planning
- Captive insurance and reinsurance programs
- Buy-sell agreements
- Data analytics
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