Business Valuations

If you own a business, you’ve always got a lot on your mind. But no matter how busy you are today, you need to think about tomorrow. Specifically, you’ll want to create an exit strategy for the day you want to move on from your business to a new phase in your life.

To develop this strategy, you’ll need to

Business resilience is a concept with a new meaning in a Covid-19 world. It has been defined by the National Association of Corporate Directors (NACD) as “the capacity of any entity to prepare for disruptions, to recover from shocks and stresses, and then to adapt and grow from a disruptive experience.” Resilience is the demonstrated ability to move forward

In recent years, our team has seen an increasing number of valuation requests from general partners (“GPs”) of venture capital and private equity funds related to carried interest. For those unfamiliar, the carried interest is also referred to as “the profits interest” because it entitles the GP to a portion of the profits earned by the fund. There are

Unlike public equity and fixed income fund managers, venture capital and private equity funds lack an active exchange to price the changing value of their investments. Instead, they perform valuations – oftentimes on a quarterly basis – so they can report updated values to their investors.
This year, the disruption caused by the COVID-19 pandemic presented new challenges for

Executive Summary
Recent estate planning articles are full of speculation about potential tax changes related to the upcoming 2020 US election. Here is the one consensus piece of advice observed from numerous articles by reputable tax planners and professional advisors:

  • Use your lifetime gift tax exclusion now if you can afford it.

Making gifts of appreciating property, such as privately

When the CARES Act was enacted, all the buzz from main street was about stimulus checks as well as PPP forgivable loans. Now that things have somewhat stabilized in the markets, there are two important changes related to the CARES Act that could immediately impact your business valuation.
When the Tax Cut and Jobs Act (TCJA) first passed, it

Executive Summary

  • A Grantor Retained Annuity Trust (GRAT) is an irrevocable trust funded with a single contribution of assets that shifts future appreciation of assets to beneficiaries at a minimal gift tax cost.
  • GRATs are uniquely attractive in a volatile market environment where declines in valuations can set investors up for returns in excess of the IRS’s assumed rate