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ComplianceCast August 2009 | Compli.com

August 2009 —

This month learn how to protect your business while putting plans in place for a brighter future

	Estate Planning Ideas for a Down Market Your dealership is surviving the current crisis, but what about the not-so-near future? Despite the difficult environment for U.S. auto sales, dealers might want to consider transferring ownership to their children while valuation trends are favorable for gifting, interest rates are low, and before the government eliminates an important tax benefit for family owned businesses. Dealership Flash by Crowe Horwath

	4 Threats to F&I Washington sure can react to a crisis, but pending legislation may not turn out in favor of dealers. This article outlines four currently proposed bills that will negatively impact your business if passed. Now is the time to take action. Talk to your representatives in Washington and let them know just how these bills will impact your business and your community, and see if we can’t find some middle ground. F&I Management & Technology

	Is Your “Cash Price” A Moving Target? "The internet posting showed a vehicle price of '$14,995 (cash and good credit customers).' The obvious implication of this price posting was that potential buyers who were not 'cash and good credit customers' would pay a higher price." That’s a lawsuit just waiting to happen. Unfortunately, it’s also a very popular practice used these days when advertising on the internet. Read on to review requirements set forth by the federal Truth in Lending Act and Regulation Z, and ensure you stay out of this costly trap. Dealer Marketing Magazine

Compli Is A Key Enabler When It Comes To Acquisitions

Kendall Auto Group has found Compli to be a key enabler when it comes to acquisitions. During an acquisition in Alaska they added 300 new employees to the company. All 300 employees were on-boarded via Compli within the first week of the acquisition and were trained on such items as the company’s culture, policies and practices.

Results included a significant reduction in the cost of integration of the companies and an increase in the organization's productivity. In addition, the process allowed employees to immediately feel included as part of Kendall's culture.

“Compli has been a very efficient and effective way for us to communicate our requirements with employees without incurring more paper and people costs, and gives us real-time transparency in reporting results.”

-Dave Blewett, President of Kendall Auto Group

To Learn More, Register for Compli's FREE Upcoming Webinar: "Buying, Selling and Valuing Dealerships-What's Next" at:

https:// www1.gotomeeting.com/register/535579617.
or call Compli today at 1-866-294-5545

Webinar: Buying, Selling & Valuing Dealerships-What's Next!

Date: Wednesday, September 9, 2009
Time: 9:00 AM - 10:00 AM PDT

Join Compli and Mark D. Johnson, President of MD Johnson Inc., a Mergers, Acquisitions and Financial Advisory Services Firm Specializing in Automotive Dealership Buy-Sells, as we discuss:

• What's new and what has changed within the current economic environment;

• When to buy, sell and when to walk away;

• The details on every buyer's mind: Capital considerations and managing equity and debt;

• The details on every seller's mind: Asset redeployment and calculating the waiting game;

• Valuing dealerships that are losing money, making money, or breaking even;

• The bankruptcy buying and selling process and opportunities that currently exist;

• Troubled asset valuation;

• Funding acquisitions for the next 24 months;

• How an effective compliance program can be a key enabler in the acquisition process.

There will be a Q&A session at the end of the Webinar.

Space is limited. Reserve your Webinar seat now at: https:// www1.gotomeeting.com/register/535579617.

Upcoming Seminars & Events:

September 10, 2009: “Liabilities, Fraud, and Bankruptcy-Oh My! What’s a dealer to do in these tough economic times?” in Denver, CO. Seminar presented by Compli, Crowe Horwath, Fisher & Phillips and CADA

September 18, 2009: “The New Dealership Era-How auto dealers can succeed in the new marketplace” in Bloomington, IN. Seminar speakers will include: John Donovan, Michael Benoit, Kirk Kleckner, Greg Johnson, Dick Potter and speakers from Wells Fargo Insurance/Auto Services

September 21-23, 2009: F&I Conference and Exposition in Orlando, FL

September 22, 2009: Compli California User Group – For COMPLI CLIENTS ONLY – User Group will include speakers from Venable, AAS, Crowe Horwath and Fisher & Phillips

October 22, 2009: Lane Gorman Trubitt LLP Controllers' Roundtable in Fort Worth, TX. Roundtable will include speakers from Compli, Fisher & Phillips, Lane Gorman Trubitt and more. CPE Credit Available

For more information, contact Jonica Smith at jonica@compli.com.