Janicek Valuation & Forensic Services, PLLC

Owner Disputes & Buy and Sell Agreements

Owner disputes many times involve a minority shareholder or business partner who disagrees with decisions made by a controlling owner. These disagreements can become significant and unable to be resolved without time consuming and expensive litigation. This can become a major distraction for company management and have a negative effect on business value. Often this will only be resolved by the minority shareholder or business partner leaving the company.

Common Reasons Business Owners Fail to Exit Plan

Many business owners fail to exit plan as they are so busy working in their business they forget to work on their business. Some of the common reasons for failure to plan for a successful exit are as
follows:

What Is Identity Theft? (video)

Do you know the common ways identities are stolen and how you can best protect yourself? . Watch the latest animated video from the ACFE. All data is sourced from the 2018 and 2016 editions of the ACFE Report to the Nations on Occupational Fraud and Abuse, the ACFE’s global fraud study.Continue reading “What Is Identity Theft? (video)”

IRS Says Beware of Tax Scams (video)

Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals.

Impostor Fraud Is On the Rise

Impostor Fraud is Increasing in the United States . According to an FBI report from October 2013- May 2018 there were 41,158 U.S. Businesses that loss an estimated $2.9 billion to this type of fraud.

The Rise and Fall of an Embezzlement Scheme (video)

After the reinsurance company Nathan Mueller worked for was purchased by ING for $6 billion, he played a key role in transitioning its operations onto ING’s enterprise resource planning system. He began embezzling money to pay off personal debt and fund a passion for gambling. What started as a $1,100 check to a credit card, spiraled into an $8.5 million fraud over the next four years. It was only a co-worker’s suspicions that brought the fraud to an end. After being caught, he pleaded guilty and was sentenced to 97 months in federal prison. He was released in September of 2014. In this video, Nathan describes the details of his embezzlement scheme.

Business Succession Planning Errors to Avoid

Business succession planning requires careful considerations by business owners as leadership changes effect the entire business including employee retention, customer relationships, and products or services offered by the company. Avoiding the following common succession planning errors will help business owners achieve a successful leadership transition:

What Does Fraud Mean To You? (video)

You may not think about it every day, but fraud affects your life more than you may realize. Learn how to protect yourself in the latest video from the ACFE.

Business Practices to Prevent Fraud in Small to Medium Legal Practices

The best defense against business fraud is for the attorney or attorneys to be involved in the business aspects of their legal practice. The goal here is to implement strong internal controls to accurately record income and expenses and to to safeguard business assets.

Commercial Damages and Unjust Enrichment

Financial experts in commercial damages normally calculate damage remedies that focus on a plaintiff’s loss that is calculated either as lost profits or loss business value. While unjust enrichment is a damage remedy that focuses on the defendant’s benefit or gain.