Viewpoint on Value

Showing 65–80 of 310 results

  • Make business valuation experts a forethought, not an afterthought

    March / April 2018
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 421

    Abstract: Too often, valuation experts are hired months after a case is filed or just before it goes to trial. This limits the documents and procedures that they can use to perform their analysis. This article reminds attorneys that it’s important to hire experts early in the litigation process and ask for relevant items during discovery.

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  • Estate of Kollsman – The valuation of art . . . and the art of valuation

    March / April 2018
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 594

    Abstract: The U.S. Tax Court recently decided a high-profile estate tax case involving the valuation of two Old Master paintings from the 17th century. This article summarizes the details of this case and explains how it has implications that extend to valuations of other types of assets. Estate of Kollsman v. Commissioner, T.C. Memo. 2017-40 (Feb. 22, 2017)

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  • 3 ways valuation experts adjust financial statements

    March / April 2018
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 656

    Abstract: Business valuation experts can’t always accept the subject company’s financial statements at face value. Sometimes adjustments are needed before an expert can use the financial statements to value a business. This article provides three common types of adjustments and explains when each one might be relevant.

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  • Avoid common pitfalls when applying the income approach

    March / April 2018
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 846

    Abstract: Valuing a business using projected earnings is a complex undertaking. This article identifies common pitfalls that novice or untrained valuators tend to make when using the income approach. A sidebar compares and contrasts two methods that fall under the income approach: the capitalization of earnings and discounted cash flow methods.

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  • Valuing pop-ups

    January / February 2018
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 437

    Abstract: Pop-ups are sweeping the retail, restaurant and entertainment industries. During the recession, many entrepreneurs turned to these temporary, low-rent outlets as a responsible, cost-effective way to grow their operations. This article discusses some key cost considerations and risks to consider when evaluating a pop-up’s business model.

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  • Patent damages – Federal Circuit clarifies apportionment of lost profits

    January / February 2018
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 599

    Abstract: In Mentor Graphics Corporation v. EVE-USA, Inc., et. al, the U.S. Court of Appeals for the Federal Circuit provided welcome guidance on apportionment of lost profits in patent infringement cases. This article explains the Panduit test and how the court used it to decide this case. Mentor Graphics Corporation v. EVE-USA, Inc., et al., Nos. 2015-1470, 2015-1554, 2015-1556, U.S. Court of Appeals, Fed. Cir., Mar. 16, 2017 Panduit Corp. v. Stahlin Bros., 575 F.2d 1152 (6th Cir. 1978)

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  • Common pitfalls when applying the market approach

    January / February 2018
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 660

    Abstract: The market approach is based on a straightforward premise: The value of a business can be derived from the prices others are paying for similar businesses. But, in practice, this valuation technique isn’t nearly so simple. This article identifies several common mistakes that experienced business valuation experts have learned to avoid when applying the market approach.

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  • Buyer beware – Hire a pro to help with M&A due diligence

    January / February 2018
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: The merger and acquisition (M&A) market is currently hot in many industries. But, before merging with another business, it’s important to do your homework. This article explains how a business valuation professional can help with buy-side due diligence. In addition to evaluating historical and prospective financial statements, an expert can help identify potential hidden liabilities and misrepresentations. A sidebar discusses the recent withdrawal of the proposed regulations on liquidation restrictions when valuing interests for gift and estate taxes.

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  • Public vs. private companies: Understand the key differences

    November / December 2017
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 448

    Abstract: Public company data often is used to value private businesses. But there are important differences in how public and private entities operate. This article explains what’s different and how experts adjust their valuation methodology to account for the differences.

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  • Bombardier Rec. Prods. v. Arctic Cat Inc. – Are draft reports discoverable?

    November / December 2017
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 570

    Abstract: Under the Federal Rules of Civil Procedure, draft reports, expert notes and other expert-attorney communications generally aren’t subject to discovery. But there are some exceptions. This article summarizes a recent patent infringement case where an expert’s draft report was discoverable because it contained editorial comments from a different expert. It also provides insight on how to protect your expert’s draft reports from discovery. Bombardier Rec. Prods. v. Arctic Cat Inc., Case No. 12-cv-2706 (ADM/LIB), D. Minn., April 19, 2016

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  • Valuing franchises

    November / December 2017
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 616

    Abstract: Not all franchises are created equal. This article highlights special considerations when valuing franchises, such as evaluating the risk vs. return, analyzing the franchise agreement and searching for factors that add to or detract from value.

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  • Tax issues play a central role in divorce settlements

    November / December 2017
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 867

    Abstract: Divorcing spouses often hire financial experts to help brainstorm settlement options, particularly when the marital estate includes a private business interest. This article explains how a business valuation professional can help divorcing spouses understand the critical tax issues that come into play when determining support payments and divvying up assets. A sidebar discusses innocent spouse relief, which may come into play in divorce cases.

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  • Should you consider hiring a joint business valuation expert?

    September / October 2017
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 447

    Abstract: The use of a joint valuation expert can often save resources — if the parties will openly share information and trust each other. This article outlines the benefits of using a joint expert. But it acknowledges that joint experts might not be realistic in all situations, including contentious divorces and shareholder disputes.

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  • Salkini v. Salkini – Submit timely business valuation reports — or else

    September / October 2017
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 519

    Abstract: In this divorce case, the wife’s business valuation expert wasn’t allowed to provide a valuation opinion, because his report wasn’t submitted into evidence in a timely manner. This article summarizes why the appellate court upheld his exclusion and why the case was remanded to the trial court to explain how the court arrived at its property settlement. Iman Salkini v. Jay Salkini, Ct. of Special Appeals of Md., No. 92, April 5, 2017

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  • Pick a winner: Understanding pricing multiples

    September / October 2017
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 619

    Abstract: Under the market approach, a business’s value is derived by comparing it to real-life transactions involving similar private or public companies. This article outlines common pricing multiples, such as price-to-earnings and price-to-discretionary-income, and discusses some pros and cons.

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  • How to factor taxes into the business valuation equation

    September / October 2017
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 879

    Abstract: Taxes certainly affect the value of a business interest. This article explains how investors (and, therefore, business valuation experts) consider taxes — such as expected federal and state income tax rates, deferred tax assets and liabilities, and built-in capital gains taxes — when deciding how much a business interest is worth. A sidebar addresses congressional tax reform plans and how the possibility introduces an element of uncertainty for business interests valued as of December 31, 2016.

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