Search Fund CPAs | Minneapolis

Entrepreneurship through acquisitions (ETA)

As a search funder seeking to raise and deploy capital, your goal is to acquire a business you can successfully operate and grow. Complex deals are stressful. Search fund entrepreneurs aim to acquire a business through well-informed decisions, ensuring strategy alignment, suitable pricing, and seamless integration. Boulay provides expert search fund services in Minneapolis to support you through every stage of the ETA process, helping you achieve your business acquisition and growth goals. While we serve clients throughout the United States and across the globe, our downtown Minneapolis office is conveniently located between Target Field and U.S. Bank Stadium, off South 5th Street.

Office Hours
Monday 8 – 4:30 PM
Tuesday 8 – 4:30 PM
Wednesday 8 – 4:30 PM
Thursday 8 – 4:30 PM
Friday 8 – 4:30 PM

How we help entrepreneurs get there

Since 2005, Boulay has supported the ETA ecosystem, working with hundreds of search fund entrepreneurs across the United States, Mexico, Canada, and Europe. We assist with acquisitions and provide guidance throughout every stage of the Search Fund lifecycle and beyond. Boulay’s Search Fund Advisors support your ETA process with:

Accounting and Tax Support During Formation and Deal Sourcing

Implementing financial reporting and payroll systems
Understanding guaranteed payment vs. W-2 employee
Preparing Federal and State tax returns and Forms K-1

Frequent Contact and Conversations Throughout Search Process

Assisting in pre-LOI conversations
Providing perspective in the decision-making process
Helping with initial negotiating points

Acquisition Support

Analyzing expected tax impact on various deal structures
Understanding differences between 338H10, 336E, F-reorganization, and Section 1202 options, as well as stock vs. asset transactions
Conducting Quality of Earnings engagements
Working with searcher, investors, legal counsel and lenders regarding transaction and lending documents
Reviewing fund operating agreement terms

Post Close Accounting

Filing applicable protective elections
Purchase price allocation, funds flow accounting and opening balance sheet presentation
Net working capital true-up assistance
Assistance and preparation with sales and use tax along with voluntary disclosure agreement (VDA)

Annual Compliance Services

Audit and assurance services
Tax planning and compliance services

Customized Support at Every Stage

The ETA process looks different for every entrepreneur. We partner with you to provide the search fund accounting services you need, when you need them. Our goal is to act as a seamless extension of your team, helping you navigate and overcome your accounting challenges. Contact us today to learn how our search fund advisors are dedicated to helping you get there.