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October 2008 eNews Introduction
By David C. Wood, CPA/ABV,
CBA - Principal, LBMC
A Request: We are experiencing a substantial increase in valuation activity due to planned gifting as 2008 draws to a close. If your client is contemplating a gift and needs to have a valuation performed, please call us sooner rather than later. While we will always strive to meet your clients’ timing, our consultation with you prior to the gift will be improved if we have sufficient time to perform our initial work.
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Guideline Company Selection Using the Market Approach to Valuation
by Christopher M. Lovin, CPA/ABV, CFE - Partner, LBMC
We always consider the three primary approaches to valuation - the asset, income and market approaches - during the course of our valuation engagements. In performing the market approach, we ask the owners or management of the subject company to identify publicly-traded companies that are comparable to the subject company.
Click here for the full
article.
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A Reason to Call Your Clients
By David Power, CM&AA - Senior Manager, LBMC
Would you like a proactive reason to call your business owner clients and share ideas that are both timely and valuable? If so, please read on.
It is a fact. A large percentage of independent business owners are nearing retirement. Some are considering an exit now but do not know how to start the process because it is something they have never done. Others may understand the disposition process but still prefer to wait and sell “sometime in the next few years” with no real rationale for waiting.
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Jointly Owned Property Discounts
By David Y. Smith, CPA, CVA
- Partner, LBMC
Despite the best efforts of well-intended clients and their advisors, estate plans sometimes do not get fully developed or employed prior to the client passing away. The setup of the family limited partnership is often not accomplished and assets selected for transfer remain in the deceased client's name.
Click here for
the full article.
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Events:
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Monday, October 20, 2008, Chris Lovin will be speaking at the Tennessee Society of Certified Public Accountants Business Valuation, Forensic Investigation & Litigation Services Conference. The topic will be the Financial Accounting Standards Board's continued move to fair value and guidance provided in SFAS 157, 141, 141R, and 142.
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Monday, October 20, 2008, Robert Vance
will be speaking at the Tennessee Society of Certified Public
Accountants Business Valuation, Forensic Investigation & Litigation
Services Conference. The presentation will be a mock deposition over a
business valuation report. He will be answering live questions from an
attorney correctly and incorrectly to demonstrate techniques and answers
necessary to succeed in this environment.
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David Wood and Chris Lovin will be presenting at the David Lipscomb University sponsored CPE classes on December 18, 2008, regarding Fair Value Accounting and Valuation Issues under FASB 157. The University's sponsorship will consist of forty hours of CPE covering a broad range of topics including auditing, tax, management and valuation issues.
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LBMC Mergers & Acquisitions
Opportunities
Interested and qualified buyers - as well as their professional
advisors - can learn more about opportunities by contacting Dave Power at (615) 309-2322 or dpower@lbmc.com or Darryl MacQuarrie at (615) 309-2251 or dmacquarrie@lbmc.com.
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