There is Value in Spending

Since Valuation is my business  I tend to think about the value of what I am purchasing- weighing pluses and minuses for big ticket purchases. However, since reaching a certain age I enjoy recalling the various family trips we’ve taken over the years. A trip to...

Ideas and Prenuptial Agreements

Prenuptial agreements have become more common among millennials. I have performed business valuations for many divorce cases but none have involved a prenuptial agreement. An interesting New York Times article by Alton Abramowitz and Orly Lobel discusses Prenuptial...

Estate Planning for Social Media Accounts

Estate planning has become more complicated in the age of social media. I have mixed feelings when I see a deceased friend’s birthday reminder pop up on FaceBook.  I’ve been doing some updates to my estate plan and found this recent article from the New...

Valuation Engagement vs Calculation Engagement

I am often asked whether a calculation of value engagement would suffice in place of a full valuation engagement.  The answer is that it depends on the how the valuation will be used. A valuation engagement provides an opinion or conclusion of value by the analyst. It...

How IRS Scams Work

How  IRS Scammers convince victims to pay up IRS scam companies have been in the news lately. I’ve been following the recent stories about the arrests in India of IRS scam organizations and wondered how someone could fall for that. This recent article sheds...

Talking about Finances

Finances come up frequently in my business valuation work although I am not a financial planner. This recent article in the New York Times: 7 Essential Money Questions Sure to Start a Conversation  http://nyti.ms/2bFHJm7 caught my eye. Most of my valuation work is...

REVIEWED YOUR SHAREHOLDER AGREEMENT LATELY?

  Circumstance change and, if your shareholder agreement is sitting in a drawer gathering dust, put a note on your to-do list marked “important” to review it. The shareholder agreement (or an operating agreement for an LLC) typically protects the...
Fraud Prevention Tips

Fraud Prevention Tips

Fraud in small businesses is more common than one may think- and is usually very costly. Some steps a business owner can consider are: Segregate the employees’ duties to ensure that one person, no matter how trusted, does not have control over all aspects of...