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Each
AC Group firm has the necessary in-house resources to serve most
requirements of clients in this Region. However, like most local
accounting firms, some firms do not have the necessary volume of work
which requires highly specialized training and experience to justify a
full-time business valuator, insolvency practitioner, or other
specialist within each independent practice. As a result, this work
often must be referred to others.
However,
as members of The AC Group, we draw on the combined knowledge and
experience of the other independent firms in the group, and have a
combined volume of engagements to allow such specialized services to be
provided from within the group.
Business Valuations
AC
Group firms have the resources to assist clients in performing both
informal business valuations and, when circumstances dictate the need,
to provide them with more formal independent expressions of value.
- Value
determinations are most commonly needed in corporate reorganizations
and in negotiating the value in a purchase, sale or merger of a
business enterprise. In addition, business valuations are often
beneficial or necessary in the following situations:
- Arranging financing
- Obtaining Financing
- Reviews of the adequacy of Life Insurance
- Preparation and/or execution of buy/sell agreements
- Dissenting shareholder and partner disputes
- Matrimonial breakdown
- Benchmarking of your company's success
Business
valuations are often required because ownership interests in privately
held companies often represent a significant portion of one's estate
and or portfolio. The value, or worth of an interest in a privately
held company, as opposed to shares in a public company, is usually
unknown because there is no active market to sell or trade that
interest from which to ascertain or approximate value. Qualified and
experienced professionals will conduct in-depth research and analysis
regarding the economic outlook, competition in the marketplace and
financial position of your business enterprise. By analyzing financial
statements, operating data, legal documents and other company
information, the fair market value of a business is determined.
While
the partner who is serving your needs may be best qualified to assist
you in arriving at an appropriate value for your business, there are
situations when there is a need for a more formal or independent
opinion. This is especially true in those situations where your
accountant may be viewed as having an irreconcilable conflict of
interest, such as disputes or litigation among shareholders or between
spouses. In these cases, the ability of your accountant to refer you to
a highly-qualified individual with another firm in the AC Group may be
invaluable.
Insurance Claim and Litigation Support
AC
Group member firms assist their clients when there is a need for those
specialized services, which often ultimately lead to a final
determination in a court of law.
- Some of the areas where we can provide litigation support services include:
- Valuation
of the shares (or net assets) of small & medium-size businesses for
litigation purposes, such as shareholder or matrimonial disputes;
- Loss quantification for damages in breach of contract or tort cases (including personal injury);
- Loss quantification for business interruption insurance purposes;
- Compensation due in expropriation matters;
- Forensic investigations in cases of fraud or misappropriation of funds.
A
number of the partners and staff of AC Group member firms have
considerable experience in this area, and several have credentials,
such as a Chartered Business Valuator (CBV) or Certified Fraud Examiner
(CFE) designation, that are recognized by the courts as being an expert
in the field.
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