Two Franchise Owners Form a New Company

The company continues to grow and since the initial acquisitions they have gone on to acquire four more franchises – and they expect the acquisitions to continue. In 2015 they experienced a 50 percent growth in revenue and in 2018 were on track to see a 35 to 40 percent growth.

Brandon Stevens, CFO of Logistics Coalition, said of their work with John Smith, “Early on, he helped with the company’s formation. Now we rely heavily on them for tax advice. We have multiple-state issues and federal issues because we’re an LLC.”

Since the acquisitions, MP Accounting has worked with Logistics Coalition to determine how cash distributions to the ownership group will be made. Balancing cash distributions with taxable income is discussed often.

The future looks bright for Logistics Coalition and with growth rates nearly unheard of in the current economy, it is clear the strategy set forth by the owners and MP Accounting is working to support that strategy.