There are different sources of transactional data available for valuation purposes. Shannon Pratt’s Done Deals, IBA’s Database of Sales Transactions, BIZCOMPS and Mid-Market Sales Transaction Reports are examples of information that is available. [Read more…]
Whom Should You Contact for Assistance with Financial Discovery?
10/19/2015 Posted By
In cases involving business ownership, financial discovery can be extremely complicated. Obtaining complete financial discovery in the early stages of a case is important. [Read more…]
What Is the Difference between Enterprise Value and Equity Value?
09/28/2015 Posted By
Sometimes people use the two terms interchangeably. However, for legal purposes there may be a significant difference in the two terms. Let’s assume your client is involved in a divorce action, and it is important to know the value of the business for settlement purposes. [Read more…]
Are Rules of Thumb Appropriate Valuation Methods for Litigation Matters?
09/21/2015 Posted By
Rules of thumb exist for several types of businesses. They were developed by business brokers over time, based upon actual sales transactions involving businesses in a particular industry. While a rule of thumb can provide buyers and sellers of businesses with an [Read more…]
What’s the Difference Between an Expert Consultant and Expert Witness?
09/14/2015 Posted By
As an expert consultant, the CPA/CVA/CFE is engaged to develop information that will be used by the attorney in a variety of ways, including settlement negotiations with the opposing side. In these instances, the CPA/CVA/CFE is usually not expected to testify or to develop an opinion that will be entered in to the court records. [Read more…]
Forensic Considerations In Divorce
09/07/2015 Posted By
When representations made by an opposing spouse appear questionable, a CPA/CVA/CFE may be engaged to test the financial representations by performing forensic procedures. For example, a family incurs annual living expenses of $90,000 and the earner spouse claims to make only $40,000 per year. [Read more…]
Improving Financial Discovery Can Lead To Improved Financial Outcomes
08/17/2015 Posted By
Complete financial information provided to a financial expert can lead to more credible work product produced by the expert. Unfortunately, many attorneys bring the CPA/CVA into the picture too late in the case! [Read more…]
The Attorney/Valuator Partnership in Divorce Cases
08/10/2015 Posted By
Equitable distribution in divorce causes the need for emphasis to be placed upon the economic aspects of marriage. This includes the valuation and division of marital property, as well as any resulting tax consequences. This economic emphasis in divorce proceedings [Read more…]
What Is a Certified Valuation Analyst?
06/15/2015 Posted By
A Certified Valuation Analyst (CVA) is a Certified Public Accountant (CPA) who has completed specialized advanced training in business valuations, and who has also completed
a comprehensive examination, case study, and submitted a complete written valuation report to examiners. CVAs are CPAs who [Read more…]