Chicago Blues Festival
As founder and managing partner of L J Soldinger Associates in Deer Park, Illinois, Larry Soldinger supervises the audits of financial statements for clients. When he’s not in the office, Larry Soldinger enjoys listening to music, particularly the blues. He enjoys visiting several blues clubs in Chicago, and occasionally he is asked to sing onstage with the bands.
Each year the city of Chicago hosts the Chicago Blues Festival, the largest free blues festival in the world. For three days, more than half a million blues fans gather and listen to performers who play on five stages. In previous years, the event has brought together performers such as Ray Charles, B.B. King, Bonnie Raitt, and Bo Diddley.
The 2016 Chicago Blues Festival took place June 10-12 in Grant Park. The event kicked off with a celebration of Alligator Records, a Chicago recording label. The first night featured Tommy Castro and the Painkillers, Lil’ Ed and the Blues Imperials, and headliner Shemekia Copeland. Saturday featured Wee Willie Walker & We “R,” Irma Thomas, and headliner Fred Wesley & the New JBs. The festival concluded with a tribute to Otis Rush, the 81-year-old blues guitarist and singer who suffered a stroke in 2004.
L J Soldinger Associates
Larry Soldinger leads the certified public accounting firm L J Soldinger Associates and provides clients with strategies in the corporate planning and budgeting spheres. Larry Soldinger has extensive experience in tax matters and assists clients in complex mergers and acquisitions (M&A). One of the major considerations in any M&A undertaking is whether the transaction is international or domestic.
M&As that span country borders require an extensive due diligence and data collection process, which is necessary to ensure compliance with multiple countries’ regulations for international business. Risk factors range from differences in labor laws to health benefits and pension plans, as well as employment security regulations. In addition, there are cultural and societal factors to be considered in ensuring a seamless integration of diverse workforces.
Global companies that already have a subsidiary presence in the country have an inbuilt advantage, through first-hand operational experience. However, even if the subsidiary’s role in the M&A has been clearly defined in advance, there is considerable coordination and planning to perform. With any international M&A on the horizon, it makes sense to consult with a well-qualified advisor.