If I had to do it all over again, I would have placed an empty pickle jar beside my desk and thrown in a dollar every time a business owner proclaimed his/her business would be nothing without them. At times, I feel the...
Looking At The Fraud Triangle & Beyond Occupational fraud continues to wreak havoc on businesses, with annual business losses reported to exceed 5% of revenues. Fraud experts have long suggested that the presence of...
Discount Rates, Capital Structure and Other Tidbits Attorneys Need To Know About Business Valuation
Category
Business Valuation
As the business valuation discipline matures, judges, attorneys and other people who rely on appraisal conclusions are becoming more comfortable with the income approach. But how does a business’s perceived risk...
The hiring of a joint business valuation expert can often be useful. This strategy assumes that the parties will openly share information and act in good faith. But it may not be realistic in all situations, including...
Site Visits – Why Valuation Experts Prefer To Tour A Company’s Facilities
Category
Business Valuation
Without a site visit it can be difficult for a valuation expert to gather all of the information needed to fully understand a business’s operations. This article provides insight on how these steps facilitate the valuation...
I was recently retained to prepare a valuation report for a shareholder dispute. Our office prepared a draft report utilizing the fair value standard, which is the standard to be used in New York State for such cases....
What Attorneys Need To Know About Financial Statement Adjustments In Business Valuation
Category
Business Valuation
Information presented on a company’s financial statements may not always be meaningful from a valuation perspective – even if it follows U.S. Generally Accepted Accounting Principles (GAAP). Whether financial...
Three Critical Issues To Consider Before Valuing A Professional Practice
Category
Business Valuation
You have just picked up a new case. Your client is a partner in a small or medium sized professional practice. Maybe it’s a medical practice, an accounting office or even a law firm. You were hired to serve as counsel in...
Don’t Allow Your Client To Sign A Shareholder Agreement Unless You Consider These Four Items
Category
Business Valuation
Shareholders with the forethought to sign buy-sell agreements help facilitate voluntary and involuntary transfers between shareholders. But when it’s time for a buyout, many shareholders discover that their agreements...
The business valuation and forensic accounting disciplines often intersect when valuing a business for divorce or shareholder dispute. Controlling shareholders may try to hide assets or downplay cash flow to minimize buyouts...