Spring Newsletter 2019

In This Issue: M&A Summary: Deal Values Up, Multiples Down Slightly Five Key Considerations When Selling a Business Access to Capital Improves for Small Firms Working Capital Disputes in M&A Transactions Do Private Equity Firms Pay for Synergies? Can ESOP Appraisal Satisfy Charitable Contribution Reporting Requirement? Law Firm Valuation Impacted by Standard of Value Download…


Fall Newsletter 2018

In This Issue: Lady Liberty Stamp Costs USPS Millions in Copyright Infringement Avoid Leaving Money on the Table in an M&A Transaction New Jersey Adopts Key Daubert Factors for Expert Admissibility Determination M&A and Lending Markets Still Hot New Study Predicts Mass Conversion From PTE to C Corp Uniform Standards of Professional Appraisal Practice Cited…


U.S. Department of Labor and First Bankers Trust Settle ESOP Lawsuits

THE BACKGROUND The U. S. Department of Labor (“DOL”) reached agreements to resolve four lawsuits with First Bankers Trust Services Inc. (“FBTS”).  The lawsuits alleged that FBTS violated the Employee Retirement Income Security Act (ERISA) when it approved stock purchases by the Employee Stock Ownership Plans (ESOPs).  As part of the agreements, FBTS paid approximately…


Winter Newsletter 2016

Bombshell Property Tax Ruling Includes Unreasonable Compensation Issues Study Reveals a Shift in Approach to Valuing Synergy How An Audit Committee Investigates Fair Value Estimates Trade Secret Valuation Paradox Chancery Blasts Expert Over Manipulated Valuation 20 Questions to Ask When Valuing Intellectual Property Winter 2016 Newsletter (Reader)


Are You Worried About The Value of Your ESOP Stock?

You should be! The valuation of ESOP stock is of particular importance to the ESOP trustees and ESOP participants. One of an ESOP trustees’ fiduciary responsibilities is to understand and approve the ESOP stock valuation. For participants, the ESOP stock value directly impacts their retirement benefits. These issues are enough keep you up at night!…


The M&A Resource, 2015 Edition, Volume 4

All in the Family Business Family Options and Resources for Planning The “When” is “Now”– We’re Older Than We Think! Selling the Family Business and Staying Sane Do Unicorns Exist for Some Family Businesses? Download the M&A Resource, 2015 Edition. Volume 4


2015 Edition, Volume 3

Pressure Grows on Stand-Alone PE Firms Regarding Independent Valuations Inside the Mind of the IRS Re: Reasonable Compensation IRS S Corp Job Aid Now Available Court Uses Hypothetical License to Determine Royalty Damages Against USPS Most Family Businesses See Steady Growth Ahead: PwC Survey Financial Experts Spar Over ‘Market Efficiency’ in Groupon Litigation Delaware Chancery…


How Long Does It Really Take To Sell the Business?

Selling a business is analogous to getting married. First, you have to meet someone, next there is the courtship, then, hopefully, you fall in love; and only when and if the pair agree to unite, it is at that point that the big day is planned. How long does it take? There is the typical…


The Guide to Understanding Business Valuations

There are specific steps to take when preparing a supportable business valuation. If you need a business valuation and want to make sure that the valuation expert covers all of the bases, you should look at our slides to understand the basics of the valuation process. The Valuation Process – Value Management Inc from Value…


What Everyone Ought To Know About Business Valuations & Divorce!

Valuations prepared for divorce purposes often present some unique issues. Read on to learn about the valuation issues that may be encountered during a divorce engagement. Here are the Top 10 things you need to know. 1. Divorce = Litigation The most important thing to keep in mind is that divorce proceedings are litigation and like all litigation,…