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Overview
In-Depth Coverage of the Analysis Methodologies and Uses
Business valuations are an indelible part of a wide range of legal practice areas: from M&A to family law, estate planning, and bankruptcy. This intersectional guide to the top methodologies and case law of business valuations (including complex and intangible assets) will prepare you for the battle of the experts that is common in determining the true value of the company. Skip the basics and get the latest wisdom from experienced practitioners - register today!
- Explore why context is so critical when determining value.
- Weigh the pros and cons of the most widely used methodologies, as well as the more experimental approaches.
- Learn when regression analysis is the more accurate option.
This program was designed in conjunction with NBI's esteemed 2023-2024 Content Advisory Committee Member Julie Globus.
Abbreviated Agenda
- Understanding the Assets Being Valued, the Context in Which They are Being Valued, and Why It's Important
- Premises and Standards of Value
- Valuation Methodologies and Impacts - Strengths and Weaknesses of Each
- Regression Analysis
- Engagement of a Professional
- Relevant Case Law
Credit Details
Credits Available
| Credit | Status | Total | Until |
|---|---|---|---|
| Alaska CLE |
|
6 Total | 03-29-2026 |
| Arizona CLE |
|
6 Total | 03-29-2026 |
| California CLE |
|
6 Total | 03-29-2026 |
| Colorado CLE |
|
7 Total | 12-31-2026 |
| Connecticut CLE |
|
6 Total | 03-29-2026 |
| Delaware CLE |
|
6 Total | 03-29-2026 |
| Georgia CLE |
|
6 Total | 12-31-2025 |
| Hawaii CLE |
|
6 Total | 03-29-2026 |
| Idaho CLE |
|
6 Total | |
| Illinois CLE |
|
6 Total | 03-28-2026 |
| Maine CLE |
|
6 Total | 03-28-2026 |
| Minnesota CLE |
|
6 Total | 03-29-2026 |
| Missouri CLE |
|
6 Total | 03-29-2026 |
| Northern Mariana Islands CLE |
|
6 Total | 03-29-2026 |
| Montana CLE |
|
6 Total | 03-29-2027 |
| North Dakota CLE |
|
6 Total | 03-29-2027 |
| Nebraska CLE |
|
6 Total | 03-29-2026 |
| New Hampshire CLE |
|
6 Total | 03-29-2027 |
| New Mexico CLE |
|
6 Total | 03-29-2026 |
| Nevada CLE |
|
6 Total | 03-29-2027 |
| New York CLE |
|
7 Total | 03-29-2027 |
| Oklahoma CLE |
|
7 Total | 03-29-2026 |
| Oregon CLE |
|
6 Total | 03-29-2027 |
| Pennsylvania CLE |
|
6 Total | 03-29-2026 |
| Rhode Island CLE |
|
6 Total | |
| Vermont CLE |
|
6 Total | 03-29-2026 |
| Washington CLE |
|
6 Total | 03-28-2029 |
| Wisconsin CLE |
|
7 Total | 12-31-2025 |
| West Virginia CLE |
|
7.2 Total | 03-29-2026 |
Select Jurisdiction
CLE
Agenda
-
Understanding the Assets Being Valued, the Context in Which They are Being Valued, and Why It's Important
- Why is the Valuation Being Made?
- Are the Assets Being Valued Tangible or Intangible?
- Are the Assets Being Valued Distressed or Impaired?
-
Premises and Standards of Value
- What Valuation Standards are Required and are These State Dependent?
- What Assumptions are Made?
- What Comparisons can be Made
- Are There Market Factors That Affect the Assumptions and Comparisons?
-
Valuation Methodologies and Impacts - Strengths and Weaknesses of Each
- Most Widely Used Methodologies for Business Valuation
- Market Capitalization
- Earnings - Multiplier - P/E Ratio and Net Numbers
- Revenue and Times Revenue Method
- Discounted Cash Flow (DCF)
- Comparable Companies Valuation (CCV)
- Book Value/Fair Market Value
- Liquidation Value
- Lesser Used Methodologies: Replacement Value, Breakup Value
- What are the General Approaches (not Limited to Business Valuation)?
- What are the IRS Requirements and How do we Remain Consistent With Them?
- Most Widely Used Methodologies for Business Valuation
-
Regression Analysis
- What is it, and How is it Used?
- What are the Areas of Application?
- Can a Linear Regression Analysis be More Accurate Than a Comparable Companies Valuation in the M&A Context?
- What are Standard Deviations to Consider in This Analysis?
- What Does a Regression Analysis Look Like?
-
Engagement of a Professional
- To Calculate
- To Value
- To Use the Same Individual or Someone Different?
- Who Decides Which Method of Valuation to Use, the Professional or the Entity Requiring the Valuation?
- What to Do When There is No Choice
- Should Each Side of a Transaction or of a Litigation Have Its Own Valuation Expert?
-
Relevant Case Law
- Calculation of Value
- How does Pre-COVID Case Law Affect or Is Affected by a Post-COVID World?
Who Should Attend
This legal guide is designed for attorneys. Accountants, tax professionals, business owners, and experienced paralegals will also benefit.
Speakers
Speaker bio
Heidi F. Muckler
of HFM Valuation & Consulting Services, Inc. in Cedarhurst, is a certified public accountant, accredited business valuator, certified valuation analyst and certified fraud examiner. She specializes in business valuations, forensic accounting, fraud investigations and damage calculations. Ms. Muckler has lectured extensively on valuations for various organizations. She is a member of the American Institute of Certified Public Accountants and the New York Society of Certified Public Accountants (member, Domestic Relations Committee and past chairman of the Matrimonial Subcommittee of the Litigation Support Committee, Nassau Chapter). Ms. Muckler also is a candidate member of the American Society of Appraisers and a past president of the Long Island Chapter of the Association of Certified Fraud Examiners. She earned her B.S. degree in accounting/management from New York University and her M.B.A. degree from Hofstra University.
Speaker bio
Michele Avery
is a Partner with Carr, Riggs & Ingram CPAs and Advisors. Her experience includes business valuations for sales transactions, management buy-ins and buyouts, marital dissolution proceedings, shareholder disputes, buy/sell agreements, and estate and gift matters. In addition to her valuation practice, Ms. Avery also provides expert reports for litigation proceedings that are concerned with lost profits, shareholder disputes, marital dissolution proceedings and insurance claims. She is a member of the American Institute of Certified Public Accountants, Society of Louisiana Certified Public Accountants, National Association of Certified Valuation Analysts, Business Valuation and Litigation Services Committee of Louisiana CPA Society, Estate and Financial Planning Committee of Louisiana CPA Society, North Shore Estate and Financial Planning Society, and North Shore Chapter of the Louisiana CPA Society. Ms. Avery has written and lectured extensively on the topic of business valuation. She earned her B.A. degree from the University of Wisconsin and her M.B.A. degree from Louisiana State University. Ms. Avery has more than 20 years of business valuation and forensic accounting experience.
Speaker bio
Marcus B. Hodge
, CPA/ABV/CFF, MBA, CFE is the owner of ASC Forensic, LLC, with offices in Asheville, North Carolina and Spartanburg, South Carolina. He founded ASC Forensic, LLC in 2009 to provide forensic accounting, business valuation and business intelligence services throughout the United States. Mr. Hodge is a certified public accountant licensed in South Carolina and North Carolina, accredited in business valuation by the American Institute of Certified Public Accountants, certified in financial forensics by the American Institute of Certified Public Accountants, and certified by the Association of Certified Fraud Examiners as a certified fraud examiner. He earned his B.A. degree from Clemson University and his M.B.A. degree in accounting from Coastal Carolina University. Mr. Hodge is a member of the American Institute of Certified Public Accountants and the Association of Certified Fraud Examiners.
Speaker bio
Brian McIntyre
is a partner and market leader of corporate valuation and SBA loan valuations in the Princeton office of Withum's Forensic and Valuation Services Department, serving clients in both the private and public sectors. He has provided business valuations for tax, financial reporting, financing, and litigation support purposes. In 2018, Mr. McIntyre founded and continues to lead Withum's SBA business valuation service line. He has spoken at a variety of conferences surrounding issues related to the valuation of small businesses. Since 2012, Mr. McIntyre has performed various types of valuations including, but not limited to, estate and gift tax, 409A/ASC 718 (deferred compensation), ASC 805 (intangible assets), ASC 350/360 (impairments), martial dissolution, shareholder disputes, economic damages, financing, buy-sell agreements, transaction advisement, intellectual property, and employee stock ownership plans. He also has experience performing reviews of external valuations for audit support and rebuttals of opposing expert reports for litigation matters. Additionally, Mr. McIntyre has valued the following types of business entities and securities: publicly traded operating companies, special purpose acquisition corporations (SPACs), privately held companies, general and limited partnership interests, asset holding companies, startups, complex capital structures (common/preferred, options, warrants, and convertible debt), loan portfolios, and complex financial instruments. He is a member of Certified Valuation Analyst (CVA) and National Association of Certified Valuators and Analysts (NACVA). Mr. McIntyre earned his B.S. degree in business administration and marketing management from Immaculata University.
Speaker bio
Trevor Shaw
is a member of Withum's Valuation Services Leadership Team. He has extensive experience providing valuations for financial reporting purposes and complex financial instruments. Mr. Shaw performs reviews for Withum's audit practice of third-party financial reporting valuations and has experience in valuations for litigation purposes, M&A, estate and gift tax planning and SBA lending. He is a member of American Institute of Certified Public Accountants (AICPA) and New Jersey Society of Certified Public Accountants (NJCPA). Mr. Shaw earned his B.S. degree in business administration from the University of Pittsburgh.
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