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Successful Carve-Out to Standalone Entity

by | Apr 20, 2022


How to smoothly transfer staff, facilities, financials, banking, systems and customer communication from the company to a standalone entity without disrupting the  customers, staff, or impacting operating results.


Develop project plan with associated milestones/success measurements and identify team membership responsible for the execution of project plan. Once completed, the Carved-Out business would be a fully functional operating business.


Established Project Teams for each function: staffing, IT, financial, facilities, banking, A/R, A/P, etc., with their own milestones and timeframes for completion as well as success criteria. Customer communication developed and initiated, banking requirements determined and implemented, and operating agreement established for timing activities.


Carve-Out to a standalone entity completed three (3) weeks ahead of schedule, passing all stand-up requirements. Established one year operating agreement to address timing of activities such as lock box, customer communications, and other misc. items.  Accounting records and operations accepted by external audit group.

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About the Author

Bob Salem, MBA

Bob Salem, MBA

CFO Partner

Senior Finance Executive with extensive success driving sustainable revenue and profit growth through strategic control. Former CFO/SVP/VP/Director of Finance of Fortune 100, Private Equity, and Start-up organizations, ranging from $300K to $8.0 billion leading the accounting and financial operations; planning and analysis; risk and compliance; operations; and strategic planning.