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Intangible Asset Valuation for Property Tax Compliance and Appeal Purposes
Many business appraisers currently use their intangible asset valuation expertise for fair value accounting, income tax, gift and estate tax, and similar engagements. This webinar will describe how BV analysts can use this same expertise to expand their intangible asset valuation practices by assisting industrial and commercial taxpayers with property tax compliance, appeal, and litigation services.
Issues in Valuing Tax-Exempt Medical Organizations
In the ever-changing healthcare industry, it would seem something as simple as an entity's tax-exempt status would carry some continuity and stability. But, in the largest sector of the U.S. economy, even this simple characteristic can create ripples that affect the operations and value of the entity in question and others operating in the same marketplace. This 100-minute webinar, Part 5 of BVR's Online Symposium on Healthcare Valuation, features expert appraiser Robert Reilly and attorney John ...
Valuing Early-Stage Companies
With small, early revenue streams; often inexperienced management teams; unproven business and product concepts; uncertain capital sources; and—most often—many intangible assets, early-stage companies can be a perplexing valuation assignment, at best. Despite these numerous challenges, early-stage company valuations have increasingly become a ubiquitous subject of business valuation. In "Early-Stage Company Valuation," expert appraiser Mike Pellegrino joins BVR to discuss how both these challenges and other, unforeseen obstacles are changing early-stage valuation and what new obstacles ...
Business Valuation Issues in Bankruptcy
In Business Valuation Issues in Bankruptcy, BVR welcomes expert appraisers Jeff Risius and Jesse Ultz for an in-depth examination of the opportunities and challenges the bankruptcy process poses. While distressed and bankrupt businesses have made headlines recently, their reorganization and, at times, resurrection have owed a great deal to appraisers working on such issues as asset/collateral valuation matters, shareholder value disputes within the process, and fairness issues related to the valuation of securities. In their ...
Valuing a Business Worth Less Than $2 Million
Small-company valuations have always presented a unique challenge to business appraisers, with a lack of guideline comparables, peculiar reliance on key-person discounts and premiums, and compensation analysis challenges being just a few of the obstacles in the valuation process. Now, having weathered the economic storm of the past few years, small-company valuations are more challenging than ever as they face a new and developing market and regulatory environments. On April 28, BVR welcomes experts Ron Seigneur ...
Lost Profits Calculations: Methods and Procedures
In the first installment of BVR's Webinar Series on Damages Essentials, experts Robert Gray and James O'Brien will show the methods and procedures by which lost profits calculations are made. Though built on the same foundations and techniques as most appraisal work, the task of building an unimpeachable lost profits calculation is based upon the rules of the courts in matters of both evidence and technique. The difference between success and failure in this arena ...
Succession Planning and Exit Strategies: Challenges and Opportunities Today
Not to mix analogies, but a tsunami of valuation opportunities is upon us, and your window of opportunity may be closing faster than you realize. We are referring, of course, to the impending retirements, sales, and bequests that are the result of an aging baby-boomer generation as they prepare to leave their businesses behind for the later stages of life. Though this surge of business appraisal and valuation work has long been on the horizon ...
Emerging Issues in Cannabis and Hemp/CBD: Buckle Up as it is Just Getting Interesting!
Talk about a growing industry. As legalization spreads across the country, more valuation professionals are focusing on emerging and evolving issues in cannabis and hemp. If you are a practitioner or an advisor who is involved in the appraisal and analysis of business interests in both the legal, regulated cannabis sector and in agricultural hemp and cannabinoids, then don’t pass on this webinar. Recent developments in state and federal legislation will be covered as will ...
Projection Issues Raised in ESOP Litigation
Revenue growth rate, profit margins, and long-term growth rate can all meaningfully impact projections. Add in inconsistency with historical results, industry/economy impacts, and lack of adjustment for critical things such as compensation or capital expenditures, and it is easy to see how litigation can arise. Chip Brown, Chelsea Mikula, and Kyle Wishing help identify common issues raised in ESOP litigation cases (either by the Department of Labor or private plaintiffs) with respect to financial projections ...
Ethical Issues in Business Valuation
Do you know what ethics issues might arise when complying with business valuation and forensic standards? Do you know what all of the business valuation and forensic standards are? Do you know what ethics standards apply to each of those standards? Recently, a number of ethics questions have arisen relating to the application of business valuation and forensic standards. Many relate to conflicts of interest and independence issues. In this webinar, we will cover the ...
Storytelling for the Expert Witness (A BVR Workshop)
In this webinar, forensic expert Michael Kaplan and jury trial consultant and communications specialist Jesse Wilson introduce you to the powerful storytelling skills that will transform technically accurate, matter-of-fact testimony into a compelling and persuasive story.
BV 2023, Year in Review: Top 10 List
The year 2023 was full of change. How have high interest rates and market volatility impacted the cost of capital and minority discounts? What were some of the top cases impacting business valuation? What does the new lease accounting standard mean for valuations? What has changed in tax regulation? In this webinar, we highlight 10 major topics that impacted business valuation in 2023 and discuss implications to valuators in the upcoming year.
Cannabis and Hemp: Valuation and Industry Update
As a high growth industry, cannabis and hemp business valuations and damages assessments are in demand. But, in this highly regulated industry, many “must know” considerations impact these engagements. Join experts Ron Seigneur and Ryan Cram for a discussion of the trends and opportunities facing these dynamic industry segments. Learn about the continuing regulatory and tax issues that must be considered and get an update on M&A and investment activity that are powering values. Ron ...
Advanced Workshop on Fractional Interest Valuation
The valuation of fractional interests represents a set of challenges that are uniquely transcendent across asset classes. Whether in the case of businesses, securities, real estate, or fine art, the appraiser tasked with placing a value on a divided interest faces a set of challenges that are both specific to that interest and general to the proportion of ownership. The Advanced Workshop on Fractional Interest Valuation is an intensive four-hour examination of how to recognize and ...
2023 Overview of the Marijuana Industry: The Coming Wave of Consolidation and Beyond. Opportunities Abound!
The session will explore current trends and engagement opportunities in the cannabis industry. The continuing conflict between federal and state laws and regulations, coupled with the economic impact of inflation, the illicit cannabis market, and the aftermath of the COVID pandemic pause have resulted in a perfect storm for an incredibly unique industry. Recreational use of marijuana is currently legal for adults in 21 states and Washington, D.C., while medical marijuana is legal and available ...
Forensic Evidence: 43 Techniques and Case Studies for a Better Valuation
The evidence is in. Forensic skills are not only valuable, but also critical, to valuation professionals wanting to distinguish themselves in a commoditizing industry. Join Darrell D. Dorrell for deep dives into specific forensic techniques as he demonstrates their applicability in valuation assignments with practical examples. Forensics are ubiquitous to valuation-specific applications including rebuttals, financial statement analysis, and guiding counsel. Many of these techniques are not only more robust, but also more efficient and will ...
Enterprise vs. Personal Goodwill: Case Studies With Legal Insights
Spend the afternoon with the “goodwill”-fellas in this case study-led session. Jim Alerding will guide you through the excess earning methods including potential modifications. MUM (multiattribute utility model) is the word for expert Ron Seigneur, who brings his experience and enjoyable perspective to the conversation. Harold Martin will focus on valuing the intangible assets as a potential third approach for keeping enterprise and personal goodwill on their respective turf.
Valuation Jubilee: Celebrating BVR’s 500th Event
Don’t miss the all-star lineup for the "Valuation Jubilee: Celebrating BVR's 500th Event." Spend a half day listening to this master class session and learn from the profession's thought leaders as they deliver concise lessons that make an extraordinary impact on your practice and career. Hear expert after expert share the knowledge they’ve gained throughout the years. The business valuation profession has progressed (and so has BVR, remember our teleconferences, anyone?), and we are excited ...
Estate and Gift Tax, Business Valuation and the IRS—What’s Next and What you Need to Know
During this session Michael Gregory will discuss the impact on business valuation for estate and gift tax reporting purposes. Mike will explore the status of the IRS, what it intends to do, what it is likely to do, and the current stance on several technical issues. You'll also gain practical advice on how to avoid an IRS audit and recommendations for responding to an audit. You will hear real-world examples based on the experience of ...
No error in restaurant valuation of zero
One of the issues in this case was the valuation of the couple's business.
Editor's Column
Editors Column Roger J. Grabowski, ASA As we enter the fourth quarter, much is happening. Economic risks continue to be great, causing our jobs as valuators and pricers of risk to similarly continue to be difficult. One could say that this increased level of risk is rapidly becoming the new normal. Economic Observations The litany of EU final solutions to the euro issues continues. The episodes remind me of old Dianas restaurant on Halsted ...
Business Valuation Cases in Brief
Page 87 June 2005 Business Valuation Cases in Brief by John J. Stockdale, Jr. Estate In Estate of Frazier Jelke III v. CIR, T. C. No. 2005- 131, the U.S. Tax Court considered the valuation of a minority interest in a closely held company holding marketable securities. It calculated the built-in capital gains tax discount by reference to a time-value of money analysis, which considered the turnover rate of the company’s stock portfolio. It ...
Letter to the Editor
Business Valuation Review Spring 2011 Page 49 Business Valuation Review Volume 30 • Number 1 © 2011, American Society of Appraisers Letter to the Editor While I wont show all 99 industries again, I will illustrate a sample of fifteen (I could have picked any set of fifteen to deliver my point). You tell me which betaor discount rateyou would rather use to start to value a PRIVATE company in each particular industry?
The Total Beta Debate: A Real-World Analysis
This article is a response to Larry Kasper's most recent article, "Total Beta: A Capital Market Analysis with Empirical Evidence," that appears on pages 212–226 in this issue of the Business Valuation Review.
An Analysis of the Relationship of Publicly Traded Stock Multiples to Closely Held Firm Value Multiples
The purpose of this study is to examine if there is a statistically significant difference between price to earnings (P/E) ratios and price to gross sales (P/G) ratios based on the size of companies and selected standard industrial classification (SIC) codes by the leading two digits of the Standard Industrial Classification (SIC) code. Approximately 18,000 cases of privately held business sales transactions were compared to nearly 20,000 randomly selected public stock price data to compare ...