September / October
Showing 513–528 of 608 results
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Great expectations: Finding the value of startups
September / October 2010
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 791
Abstract: It’s difficult to value a startup business when it has no track record and has never generated positive cash flow — or even revenues. Without history to lead the way, startups often derive value from exceptional growth expectations. This article explains that valuators know how to spot the clues, including management style, business type, market size, potential growth opportunities and development stage, which can help them more accurately estimate future performance. A brief sidebar explains that employee stock options (ESOs) can be an effective way for startup companies to attract and retain key employees.
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Transaction databases can be powerful tools
September / October 2010
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 1007
Abstract: Appraisers use the guideline merger and acquisition method, a subset of the market approach, to derive a company’s value using samples of comparables (or guideline companies). To do so, they frequently refer to several private transaction databases to select appropriate comparable transactions. This article lists some of these database sources and points out some of their pros and cons. In addition to noting several criteria valuators use to collect a manageable sample of strong comparables, the article discusses how valuators calculate appropriate pricing multiples. A sidebar looks at other factors they typically consider.
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Reap the benefits of early case assessment
September / October 2010
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 484
Abstract: Attorneys can help clients manage their litigation costs, particularly those related to e-discovery, with early case assessments (ECAs). This article walks through the steps involved in an ECA and discusses how it can help facilitate cost savings. It may seem counterintuitive for an attorney to advise performing an ECA that, ultimately, could limit his or her role in a case. However, clients that know their attorney is fiscally conscious are more likely to be satisfied and return with other legal matters.
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Theory into practice: Benford’s Law finds financial fraud
September / October 2010
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 681
Abstract: Benford’s Law is a relatively old statistical precept regarding the frequency of certain numbers in random data sets. But only in recent years has it become effective in detecting fraud, thanks to technological advances. This article explains how, informed by Benford’s Law, fraud experts use spreadsheet software to identify questionable numbers and suspicious activities. Often, experts spot possible financial manipulation that would be invisible to the naked eye.
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Gift and estate taxes – Backing up valuation discounts
September / October 2010
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 721
Abstract: Regardless of whether tax rates and exemptions change, valuation discounts probably will continue to play a significant role in the ultimate tax liabilities that taxpayers shoulder. Establishing the appropriate discounts can prove complicated, though, particularly when dealing with interests that don’t have a ready market. This article examines the tools valuators use to address this problem, such as discounts for lack of marketability, restricted stock studies, pre-IPO studies, and lack-of-control or minority discounts.
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IRS addresses employment-related settlements and judgments
September / October 2010
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 888
Abstract: As attorneys litigate and settle an increasing number of employment-related lawsuits, certain questions related to the taxability of settlements and judgments commonly arise. A recent IRS memo may clarify some matters for both sides in employment disputes. This article looks at income and employment tax consequences of employment-related settlements and judgments, including the allocation of funds and treatment of back pay and attorneys’ fees. A sidebar shows how to determine the components of a settlement or judgment.
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Market niche insider – Making staffing firms work
September / October 2009
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 461
Abstract: Staffing is a cyclical industry that fluctuates with the economy; revenue dwindles during downturns, and the current one is no exception. But observers expect that, as the economy gradually regains momentum, there will be a surge in the demand for temporary and permanent staffing services. But this also will be in response to changing trends within the industry, such as the shift to higher-skilled temps and “temp-to-hire” arrangements. To make the most of the next upswing, lenders should be sure that their employment-firm borrowers are revising their business models to keep up with the latest staffing industry trends.
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Why pay attention to internal controls?
September / October 2009
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 555
Abstract: Some risky customer characteristics, such as inadequate internal controls, are not easily detected. Yet they are an essential cornerstone of asset protection. Whether through its own field audit or that of an independent auditor, a lender will need to get satisfactory answers to such questions as: Who has access to assets? Are accounts analyzed? And are controls prioritized?
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Closing is just the beginning – The real work starts after the merger or acquisition
September / October 2009
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 631
Abstract: Regardless of how many spreadsheets a borrower runs or due diligence procedures performed before the deal closes, a lender won’t know if it will be successful until integration is completed. So the real work begins after the closing. A lender should examine how the new entity communicates the merger to its customers and how it transitions them into the new relationship. The company should similarly look to the concerns of its employees so as to retain the best performers. But, if all else fails, a demerger clause can provide a means of unraveling an unprofitable venture within a prescribed time frame.
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In the nick of time – Spotting distressed borrowers
September / October 2009
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 1008
Abstract: The recession has impacted virtually every type of business. But how can a lender differentiate a temporary lag from irreparable mismanagement? Which borrowers are salvageable, and which are not? This article discusses not only red flags to watch out for in financial statements, but non-numeric indicators of distress, as well — such as employee turmoil, competitive pressures, management crises and a deteriorating track record. It describes proactive steps lenders can take, while a sidebar warns against lenient lending terms.
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Ask the Advisor – How can I know if a foreclosed property is a good investment?
September / October 2009
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 444
Abstract: Although the sheer number of foreclosures has tempted many people to become foreclosure investors, it’s not as easy to make a buck in this market as it may seem. Investors should be prepared to dole out plenty of cash to improve property and remove liens; to know where to look for deals; to scrutinize tenant data to determine a commercial property’s revenue-generating potential; and to perform due diligence for both the specific property and the area.
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The ins and outs of green leases
September / October 2009
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 419
Abstract: As the green building movement continues to take center stage, so do green leases. Through a green lease, landlords and tenants are “bound” to help ensure that high-performance buildings meet and exceed their intended “green” goals. Although specifications vary, a number of characteristics are emerging as likely components in green leases, such as alignment with a third party certification standard such as LEED, BRREAM, Energy Star or Green Globes. But developers who jump through all the LEED or other building certification hoops likely won’t want that certification jeopardized by noncompliant leasehold improvements — so rules defining sustainable product requirements and construction practices should be clearly specified in a tenant construction agreement.
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2 smart property management strategies for today’s economy
September / October 2009
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 669
Abstract: As the weak economy continues, real estate investors are taking a hard look at ways to maximize the profitability of property management. While some developers delve into management themselves, others are focusing their search on streamlined processes and cost-cutting measures. Fortunately, smart strategies exist that can help to achieve these goals. Two of the best: finding a good property manager and using Web-based property management software.
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What you should know about forms of joint ownership
September / October 2009
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: What’s the best way to hold a real estate title? The wrong ownership form can increase legal liability, enlarge your tax burden, and subject an estate to probate. In contrast, choosing the right ownership form can reduce red tape while improving a property’s profitability. This article discusses the different options and who might benefit the most in each case. A sidebar looks at living trusts as a means of holding titles to personal residences and other major assets.
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Smooth transition – Financial tips for managing unemployment
September / October 2009
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 510
Abstract: The possibility of becoming unemployed is on many people’s minds these days. But it may be possible to mitigate the effects of unemployment by planning ahead. Items to consider include possible severance pay, unemployment benefits, and health insurance options.
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An additional gift for your heirs – Educate beneficiaries on the advantages of using a trust
September / October 2009
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 713
Abstract: After a person’s death, his or her heirs will receive their inheritance, which then becomes a part of their taxable estates. To avoid this potential additional estate tax liability, it might be advisable to leave amounts to a trust rather than directly to loved ones. This article describes some of the benefits of a trust and discusses what to look out for when setting one up.