Archive 2009-9: Valuing Small Businesses/Professional Practices




Archive Webinar 2009-9: Valuing Small Businesses and Professional Practices: It’s Not as Easy as it Looks

presented by
Kevin Yeanoplos, CPA/ABV/CFF, ASA, Moderator with Mark Kucik, CPA, CVA, CM&AA, and Chris Hamilton, CPA, CFE, CVA, DABFA

Webinar 9 Original Broadcast Date: January 14, 2009

Learning Objectives:

  • The participant will learn the issues that can make valuations of small businesses and professional practices difficult
  • The participant will learn how to deal with practice goodwill vs. personal goodwill vs. key person vs. noncompete agreements
  • The participant will learn about potential information and data challenges
  • The participant will learn about what valuation approaches and methods work and those that don’t
  • The participant will learn about dealing with non-market compensation issues
  • The participant will learn about dealing with pass through entity tax adjustments

Webinar Outline:

  • Information an data challenges
    • Divorce issues
    • When is too little data and access too little for a valuation opinion
    • Valuation vs. forensic services
  • Valuation approaches and methods and levels of reliance
    • Guideline public company method – automatic rejection?
    • Guideline company transaction method
      • Data constraints and level of reliance – primary vs. corroborating
      • Statistical technique vs. rule of thumb
    • Income approach
      • To DCF or not to DCF
      • Rate of return issues including equity vs. WACC
    • Net asset approach and when it applies
  • Goodwill issues
    • Practice goodwill vs. personal goodwill
    • Noncompetes as proxies?
    • Key person issues in small practices
  • Compensation adjustments
    • Who should do it
    • Sources of information
    • Healthcare issues
  • Pass through entities
    • Taxes or no taxes
    • Minority vs. control
  • Marketability
    • Marketability vs. liquidity vs. transferability
    • Minority vs. control

Included in this downloadable package are:

  • Audio/Video file
  • Webinar transcript
  • Original Webinar handouts

The archived webinar package is an Adobe Presenter PDF file that allows you to view the video of the webinar with the synced audio so that you see the presentation just as it was presented “live.” The Presenter format also allows for easy navigation through the webinar so you can quickly go to a specific section in the presentation. The handout materials are included in the file. To view the Webinar Presenter file, you must have Adobe Reader software version 9 or higher. You can download the free current version of Adobe Reader at Please note that CPE is only available for live webinar broadcasts.

Additional information

Weight 0.00 oz