Bankruptcy and the Need for a Valuation Expert

Bankruptcy

Many people are surprised to learn the distinct and essential connection between a financially distressed business and a valuation expert. Filing for Chapter 11, otherwise known as reorganization bankruptcy, gives an insolvent company the opportunity to restructure while repaying creditors through a court-approved strategy for reorganization. With the ultimate goal of survival at the forefront,…

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Hiring a Business Valuation Expert

Business Valuation

Conducting a thorough valuation of a business or other enterprise is critical to successful results. All too often, business valuation “experts” use a simple rule-of-thumb formula to do so, but this can lead to critical errors and misinformation. As such, the process of conducting a valuation of a closely-held business requires a comprehensive look at…

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Factors in Choosing an Accounting Firm for Your Business

Business Meeting

Choosing the right accounting firm can make or break an organization. For small businesses, using accounting software like QuickBooks or Quicken may seem like the logical solution. However, as public and private companies expand, the need for the right accountant or accounting firm becomes indispensable. While every company’s needs are different, far too many organizations…

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Do You Want to Sell Your Small Business?

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Why do people wish to sell their business? Some reasons include retirement, boredom, partnership dispute, illness, or death. Whatever the reason may be behind desiring to sell a business, the parties involved should follow certain steps in order to properly sell their business. If followed correctly, the business sale will be a smoother process. Performing…

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The Increasing Role of the Expert Witness

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Testifying in a court case as an expert witness is often critical to the outcome of a lawsuit. Forensic accountants are typically called upon to utilize their accounting, investigative, economic, statistical, and research techniques and then apply them to a legal problem. Digging into a case to analyze, audit, and investigate helps to assess the…

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The Value of Advisory Services for Business Growth

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Any business owner understands the daily challenges of operating and growing a business. Expertise in business plan development and management can be found in a variety of ways, however, ascertaining the most effective advisory services for your business can be difficult. From trend analyzation to financial forecasting and from cash management to succession planning, having…

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Three Ways to Add Value to Your Business

business

Many small business owners will go for years without using common sense analytical techniques to manage the value of their company. Value doesn’t just happen. It is the result of strategic moves made resulting from sound, tried and true techniques. Below are three simple actions you can take that may result in increased value for…

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The Steps to Become a CPA

The title of a certified public accountant, or CPA, is one that many view as having a great deal of competence, experience, and being a trusted business advisor. This is due to the fact that becoming a licensed CPA requires the individual to possess these characteristics. There are 3 essential steps to become a licensed…

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