409A Compliance - Issues, Approaches and Mistakes Not to Make
Moderator:
Bob Duffy of Grant Thornton LLP
Panelists:
Scott Beauchene of Grant Thornton LLP and Joel Johnson of Orchard Partners, Inc.
Telephone Dial-In Audio Conference
Wednesday, May 2, 2007
10:00am-11:40am PDT / 11:00am-12:40pm MDT / 12:00pm-1:40pm CDT / 1:00pm-2:40pm EDT
Presented by Business Valuation Resources, LLC
Earn TWO INTERACTIVE CPE credits for participating in this conference
PRICE: $249.00 for a single dial-in connection. Use your conference room and the whole office can listen in. Two CPE credits are available for each additional listener sharing the same phone connection - only $49.00 per person.
Register for conference for $249
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Why Should You Attend?
Compliance with section 409A is shaping up to be one of the hottest issues of 2007. Bob Duffy, Scott Beauchene and Joel Johnson are seasoned pros in performing 409A valuations, and they will share their expert insights – as well as their biggest mistakes – with the audience. Listeners will have the chance to question the panelists directly.
Learning Objectives:
- Understand the need for and requirements of 409A valuation engagements
- Compare and contrast Fair Market Value and Fair Value
- Discuss applicability and magnitude of lack of control and lack of marketability discounts
- Learn practical tips and methods for when interacting with an auditor
Program Outline:
- Brief Introduction of Panelists and Topic
- Panelist Presentation 409A Compliance – Issues, Approaches and Mistakes Not To Make:
- What is 409A
- What are the characteristics of a typical 409A client
- Who is the audience for a 409A appraisal?
- What regulations and guidance apply to a 409A appraisal?
- How does Fair Market Value compare to Fair Value
- For a combined 409A/123R appraisal, most auditors will expect the appraiser to follow the Practice Aid
- How do you handle the price paid for preferred shares?
- A Few Caveats About Using the Practice Aid
- How do you handle the minority interest discount and the discount for lack of marketability?
- Tips for producing a report that satisfies both goals: tax and financial reporting
- Panelist Q & A Session
- Audience and Panelist Q & A Session
- Panelists’ Concluding Remarks on 409A Compliance
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A Partner in Grant Thornton LLP, Mr. Duffy specializes in the valuation of closely-held business interests for purposes of litigation support (marriage dissolutions and shareholder suits), estate planning and taxation, and financial reporting purposes. Since 1984, he has been involved in over 800 matters requiring the valuation of a business or claim, has appeared as an expert witness in Federal, State and Bankruptcy Courts.Prior to joining Grant Thornton LLP, Mr. Duffy was a Partner and shareholder at Brueggeman and Johnson, P.C., Seattle’s largest, independent valuation firm. Mr. Duffy holds a Master of Business Administration from Pacific Lutheran University and a
Bachelor of Arts Degree in Accounting from Western Washington University.
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A Senior Manager at Grant Thornton LLP, Mr. Beauchene provides economic analysis, financial advisory and business valuation services to public and privately-held companies. For 16 years, he has conducted valuations of enterprises, partial interests, as well as specific intangible assets. He frequently performs appraisals for transaction, equity compensation, financial reporting, income tax, gift and estate tax, and controversy purposes. Mr. Beauchene’s experience includes work for both independent valuation firms and as part of a public accounting firm. Prior to joining Grant Thornton LLP, Mr. Beauchene was a Senior Manager at Arthur Andersen in Seattle. He began his valuation career with Willamette Management Associates. Mr. Beauchene has a broad base of industry experience that includes projects in computer hardware and software, computer networking, food processing, healthcare, primary and secondary metals, financial services, forest products, media, retail, wholesale distribution, telecommunications, and transportation. Mr. Beauchene earned his Bachelor of Arts Degree in Finance and Real Estate from the University of Oregon. He has also completed continuing education courses related to a variety of valuation issues and is compliant with the American Society of Appraisers continuing education requirements necessary to maintain the esignation of Accredited Senior Appraiser. Affiliations
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Joel owns Orchard Partners, Inc. which he founded in 1998. Orchard advises clients in mergers & acquisitions, provides fairness opinions, and performs business appraisals. Joel has performed over thirty 409(A) appraisals reviewed by all the Big Four firms. Orchard’s appraisal services include purchase price allocations, tests for goodwill impairment, pricing of employee stock options, opinions of sale value and appraisals of minority interests for tax purposes. Professional credentials:
Affiliations:
Prior Work Experience :
Academics:
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Earn
2 Interactive CPE Credits (Consulting Services) |
Please note: To receive CPE credit, you must fill out the post conference survey. The survey link is e-mailed to participants along with the dial-in number and registration code, normally sent two or more days prior to the conference. CPE credit only registrants will be sent the survey link via e-mail.
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not completely satisfied, you may submit a written request within 30 days of
the date of this program to receive a full refund. Please e-mail our accounting
manager at: cassandrad@bvresources.com
. There are no fees associated with refunds.