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Meet Cedar Boschan of Boschan Corp. in Culver City

Today we’d like to introduce you to Cedar Boschan.

So, before we jump into specific questions, why don’t you give us some details about you and your story.
I am originally from the Hoosier state – Indiana. As a teen in Bloomington, Indiana, my friends and I were really interested in the music business. We started an all-ages music club called Rhino’s Youth Center and we were involved in artist management, music journalism, and community radio broadcast.

For my high school “graduation project,” I got an internship in the artist and repertoire (A&R) department at Rick Rubin’s American Recordings, then a Warner Brothers record label, which also afforded me the opportunity to help my boss, Marc Geiger, when he was booking Lollapalooza ’95. During the internship, I was accepted to The University of Southern California’s business school, so I basically stayed in Los Angeles from that point forward.

After college, I helped the creator secure sponsors (Microsoft, RadioShack and RCA) and became an associate producer of a TV series, “Music in High Places.” It eventually aired on DirecTV, MTV and VH1. However, at that point I had my sights set on running my own record company, so I left when the show went into production and pivoted to becoming a royalty auditor in the music industry because it also gave me the opportunity to see the systems and inner workings at all the major music companies simultaneously.

Although I aced my accounting courses at USC, I never thought I would be an accountant and I saw my job as a royalty auditor at a CPA firm, Wolinsky, Becker & Hurewitz, as a temporary position. I actually believed the job would be phased out as systems because more computerized and less manual (this was in 2001). Turns out, royalty auditing was a great match for my data analytics skills and understanding of contracts, which were areas I focused on at USC. I found it rewarding on many levels and realized that our audit claims were more commonly about contract interpretation issues, not manual errors – thus, the role was unlikely to be eliminated.

Since I sidestepped into accounting from the entertainment industry, I surprised myself by enjoying branching out beyond music, TV, film, and games to more general trademark, patent, and other engagements. Further, at this point, my practice is focused on investigating, calculating and rebutting damages of all kinds, both as part of royalty or profits audits and during litigation. This is what “forensic accounting” is; accounting for a legal purpose, whether it is pre-litigation or in the context of a lawsuit.

I found forensic accounting work (and getting artists and other clients their fair share) so rewarding that I changed my life plan; after eight years at Wolinsky, Becker & Hurewitz, one of the partners and I started our own firm in Century City in 2009 and I have had my own clientele ever since. My current firm, Boschan Corp., was established in early 2015 in Beverly Hills and we moved to Culver City in 2017. (Due to the current pandemic, our team of 6 is currently working remotely, however.)

Although Boschan Corp. is best known for forensic accounting in the music (and video games) sectors, we have expanded into different services including rights valuation and outbound royalty accounting, and our expert witness engagements now include food and beverage, financial and real estate disputes.

Beyond growing my core practice, I have a second company, Auditrix, Inc., through which I am engaged for speakerships (including teaching royalty accounting and economics at Los Angeles College of Music for three years). Additionally, I serve as the treasurer and CFO of Roar as One (see Shari Karney’s Voyage LA profile) and I am a corporate board director of a start-up insurance company founded by a colleague.

Overall, has it been relatively smooth? If not, what were some of the struggles along the way?
Arranging my internship in California at age 16 required a lot of work. I had to contact literally everyone I knew and ask for help making connections in California to find a living arrangement with adults that my parents would approve. If my school, Harmony School, hadn’t taught us how to doggedly pursue our far out dreams, I would not have accomplished nearly as many of my own goals in life and I would have set the bar lower.

Having your own professional firm is not for everyone. Cashflow is inconsistent but the responsibility to make payroll is relentless. And the field of forensic accounting requires great tenacity and is very adversarial, so I have to dig my heels in and push forward through intimidating obstacles every day. The upside is that I have solid confidence in myself that I can get through most difficult situations eventually if I persevere. The vast majority of people give up too soon – or don’t know when to quit.

For me, one of my greatest challenges is always finding talented people who can do our work well and who work well with others.

Most recently, the changes in H1-B regulations have made it harder than ever for Boschan Corp. to grow our staff and, as a parent of an elementary schooler, the COVID-19 lockdown has challenged me to delegate more than ever to our excellent team so that I can help her with her studies. I am grateful to have my own firm where I am able to balance my life, although I know I am sacrificing earnings with this approach.

Alright – so let’s talk business. Tell us about Boschan Corp. – what should we know?
At Boschan Corp., we earn results with high standards and better execution.

Clients choose us for forensic accounting because we’ve proven to be:
• Expert
• Thorough
• Tenacious
• Respected

Our Mission: We empower attorneys to hold their clients’ business partners accountable and to quantify, prevent and/or defend damages claims.

Expertise & experience are everything and differentiate us in the marketplace.

Founder Cedar Boschan has a two-decade history of audit and forensic accounting excellence. Our carefully selected client service team includes professionals who speak:
• Mandarin
• Japanese
• Spanish
• Vietnamese

Other differentiators have to do with services we do *not* provide/with whom we do *not* compete. Namely, we do not provide public accounting services such as financial attestation audits or tax preparation services and we are not business managers who do bookkeeping or bill paying for clients. Fortunately, we know a lot of great CPAs and business managers, so we can help our clients find the rights service providers.

Also, we are usually retained by attorneys on behalf of their clients, so that is different from most other accountants.

Any shoutouts? Who else deserves credit in this story – who has played a meaningful role?
The managing partner of Wolinsky, Becker & Hurewitz, Fred Wolinsky, deserves so much credit. He not only took a big chance hiring me fresh out of college with no accounting experience, but he took an interest in helping me grow and mentoring me both professionally and personally – you can thank Fred for my commitment to philanthropy. (Currently, I serve as Treasurer & CFO of ROAR as One, whose founder Shari Karney referred Voyage LA to me and was also profiled on Voyage.)

Not only are Fred Wolinsky and I still dear friends, he is available to work as a music royalty expert witness through our firm.

Further, we have a really excellent team on whom I depend for everything. One of my greatest professional accomplishments is building our wonderful team because I know we perform better than other teams and we enjoy serving clients together.

Which brings me to the people who deserve the most credit – our clients! I wouldn’t be doing this if it didn’t give me so much satisfaction to help them achieve victory over their finances. We are so grateful to them for their business and their referrals.

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(c) Boschan Corp.

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