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Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
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Power Panel: Trends and Issues in Business Valuation
The panel provides an overview of some of the hottest topics in the business valuation profession. Among the topics are: artificial intelligence; environmental, social, and governance (ESG); reasonable compensation resources; Department of Labor adequate compensation (ESOP) update; expert hot-tubbing; Daubert challenges; federal rules applicable to valuation/litigation experts; interesting case decisions/case law update; high-inflation environment and the cost of capital; company-specific risk premium in today’s environment; market multiples and trends in M discount for lack of ...
Automatic DLOC for a minority interest? Not so fast
Business valuation analysts generally agree that minority interests in a privately held company are worth less on a per-share basis than controlling interests.
Today! Hitchner’s annual BV update webinar
BVWire looks forward to Jim Hitchner’s annual webinar where he reviews new concepts, data, models, and methods that have emerged in business valuation over the past year.
Afraid of AI? Get over it, say tax pros
“Whether or not you’re afraid of AI, we’re going to need it to meet the demand for services,” said Scott Kadrlik, managing partner at Meuwissen, Flygare, Kadrlik & Associates, quoted in an article for Accounting Today.
Business tax break extensions stalled
At the time of this writing, the tax extenders legislation is still tied up in the Senate.
Reminder: TAF seeks candidates for its board of trustees
The Appraisal Foundation (TAF) is searching for candidates to serve on its board of trustees, and three positions are available.
Global BV News: Pablo Fernandez needs your input
In their cost of capital analyses, many business valuers refer to a long-standing survey conducted by Professor Pablo Fernandez (IESE Business School, Spain).
BV movers . . .
Tom Saris, CPA, CVA, CFE, has been promoted to senior manager, Client Accounting Services, at Brinker Simpson & Co. LLC (Media, Pa ...
CPE events
Power Panel: Trends and Issues in Business Valuation, February 27, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Ken Pia (Marcum), Jeffrey S. Tarbell (Houlihan Lokey), Neil J. Beaton (Alvarez & Marsal), and Michelle F. Gallagher (Adamy Valuation). CPE credits: 2.0.
Neutral valuer does what he can with limited info
In a California divorce case, a court-appointed valuation expert was caught in the middle of a squabbling couple who didn’t provide enough information to value all the marital assets, including business interests.
Palkon v. Maffei
Two minority shareholders challenged the conversion of two Delaware corporations into Nevada corporations with the intent to reduce potential liability for directors and officers, with the controlling shareholder casting the deciding vote. The business rule did not apply since the controller received a nonratable benefit.
Delaware Chancery Court Determines That Reducing Potential Personal Liability Exposure Through a Change in Corporate Domicile Constituted a Nonratable Benefit
Two minority shareholders challenged the conversion of two Delaware corporations into Nevada corporations with the intent to reduce potential liability for directors and officers, with the controlling shareholder casting the deciding vote. The business rule did not apply since the controller received a nonratable benefit.
The Wisdom of the Pastrami Sandwich: The Secret Sauce for Delivering Compelling Expert Testimony
In this workshop, forensic expert Michael Kaplan and jury trial consultant and communications specialist Jesse Wilson identify and explore the powerful storytelling skills that transform technically accurate, matter-of-fact testimony into a story that will persuade the jurors. Through the expert testimony of our attendee volunteers, Jesse and Michael demonstrate the incorporation of these skills into expert testimony, transforming otherwise factual and accurate testimony into powerful stories that become compelling expert testimony.
Boston Ret. Sys. v. Uber Techs., Inc.
The plaintiffs filed a motion to compel production of 28 unredacted documents PricewaterhouseCoopers produced. The defendant, Uber Technologies Inc., asserted that the work product doctrine shielded the redacted portions of the documents from discovery. The court agreed and denied the plaintiffs’ motion to compel.
U.S. District Court (California) Denies Plaintiffs’ Motion to Compel Documents in a Case Involving Uber
The plaintiffs filed a motion to compel production of 28 unredacted documents PricewaterhouseCoopers produced. The defendant, Uber Technologies Inc., asserted that the work product doctrine shielded the redacted portions of the documents from discovery. The court agreed and denied the plaintiffs’ motion to compel.
In re Rozdolsky
In this complex Illinois divorce case, the appellate court affirmed the valuation of the husband’s business. The trial court had already reduced the wife’s expert’s valuation by 30%. Overall, the husband raised nine issues on appeal, including having to contribute to the wife’s attorney’s and expert fees, resulting from the husband’s lack of cooperation in discovery.
Illinois Appellate Court Affirms Valuation of Marital Business
In this complex Illinois divorce case, the appellate court affirmed the valuation of the husband’s business. The trial court had already reduced the wife’s expert’s valuation by 30%. Overall, the husband raised nine issues on appeal, including having to contribute to the wife’s attorney’s and expert fees, resulting from the husband’s lack of cooperation in discovery.
ESOP group drafts rule framework for DOL valuation regs
In advance of the Department of Labor issuing its proposed final regulations related to ESOP valuations, the ESOP Association has drafted a “proposed regulatory framework,” according to the group’s blog post.
Reminder: Take a quick survey on AI
Is your firm using AI in its practice? And for what? What are your peers using it for? Find out by taking a very short survey—the latest in our “Two-Minute Practice Builder” surveys.
TAF seeks candidates for its board of trustees
The Appraisal Foundation (TAF) is searching for candidates to serve on its board of trustees, and three positions are available.
New issue of Willamette’s Perspectives is released
The January 2024 issue of the quarterly digital publication Perspectives, from Willamette Management Associates, has been released.
2023 Johnson/Park DLOM study is now available
The Johnson/Park empirical method to estimate a discount for lack of marketability (DLOM) has been used in several tax court cases, including the first family limited partnership (FLP) case to go to trial.
Global BV News: Canada valuers predict an M&A increase
After a “tepid” 2023, over half (58%) of valuation professionals in Canada expect M&A transaction activity to increase over the next 12 to 24 months, as compared to 2023, according to the “2024 M&A Outlook Survey” from the Chartered Business Valuators Institute (CBV Institute).
BV movers . . .
Dr. Stephen Blough, Ph.D., has joined Valentiam Group, a valuation and transfer pricing firm, as partner.
CPE Events
The Wisdom of the Pastrami Sandwich: The Secret Sauce for Delivering Compelling Expert Testimony , February 16, 10:00 a.m.-1:45 p.m. PT/1:00 p.m.-4:45 p.m. ET. Featuring: Michael G. Kaplan (Kaplan Forensics) and Jesse Wilson (Tell the Winning Story). CPE credits: 4.0.