Known, Knowable, and Subsequent Events

As previously discussed in the article Date of Valuation, the date of the valuation can have a significant impact on a final business valuation. The primary concept at issue has to do with what is known or knowable on the date of valuation. This concept is simple yet...

Valuations – The Numbers Do Not Always Tell The Correct Story

Possible, Plausible, and Probable – The Art of ValuationThe numbers don’t lie, so goes the old saying. We are taught early on to trust numbers. We learn that if Bob has three apples and Susie gives him two more, Bob now has five apples. This is easy to...

Double Dipping

In Seinfeld, when George Costanza double dips his chip while attending a wake, he is getting two servings of dip using just the one chip. This creates an unpleasant situation for others, as it’s “like putting your whole mouth right in the dip”. In divorce cases,...

When a Business Valuation is Not Possible

Sometimes situations arise where parties desire to have a business appraised but do not have sufficient financial records for the business valuator to perform a valuation. There are two levels of business valuations that have different professional standards and...

SBA 7(a) Loans – Requirements for Business Valuations

For every business owner, having access to adequate funds to sustain and grow their business represents the lifeblood of the company. The Small Business Administration’s (SBA) 7(a) loan program gives entrepreneurs an opportunity to obtain financing in situations that...

Tax Deductions for Divorce Clients

Tax time is approaching and you may want to make your clients aware of some possible tax deductions related to legal fees. In general, the Internal Revenue Code allows a deduction (within limits) for reasonable and necessary expenses incurred in the production of...

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