29
Date: Tuesday, September 29, 2020
Time:
10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: BVR Webinar

Earn 2 CPE credits
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*Training Packs include: a complete recording and transcript with all presentation and reading materials delivered via an electronic download
Please note: CPE credit is not available through Training Packs
More information is available below

Featuring  (click image for bio)

David Coffman
CPA/ABV/CFF, CVA
Business Valuations & Strategies PC

About This Program

Owner-operated business must be considered in a different framework than many other types of business. Everything from hypothetical transaction (asset sale versus equity interest) to financial objectives (minimize taxable income versus maximize shareholder value) must be considered from a different perspective. Join David Coffman as he discusses rate of return and personal goodwill through this unique lens.

Agenda

    • Defining a small, owner-operated business
    • Key differences effecting the valuation
      • Company—small owner-operated versus large private versus public
      • Management financial objective—minimize taxable income versus maximize shareholder value
      • Investment—operating business versus equity interest (security)
      • Investor—buyer (owner operator) versus investor
      • Risk—unlimited versus limited
      • Transaction—asset sale versus equity interest (stock)
    • Defining a hypothetical sale
    • Normalizing owner compensation
    • What earnings to use—historical versus future
    • Determining expected rate of return
    • Addressing marketability and control issues (discounts)
    • Assessing personal versus enterprise goodwill

Learning Objectives

    • Describe how to value a small, owner-operated business taking its unique characteristics into account
    • List key differences between owner-operated and larger private and public companies that effect a valuation
    • Describe how small, owner-operated businesses are typically sold
    • Normalize owner compensation without eliminating the value of “buying a job”
    • Demonstrate how to use private-company capital market data to determine an expected rate of return
    • Describe how marketability and control issues can be handled without using discounts

Single Connection Policy

Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy

Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Accounting Technical)

Closed Captioning:

BVR now has closed captioning on all 2019 past programs. To try out this enhancement, subscribers can login to the Desktop Learning Center, select a program, and click play video. The captions will start to play automatically, and can be disabled from the player per your preference.


Business Valuation Resources is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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Training Packs: Conference Recordings & Transcripts
Now delivered as an electronic download.

BVR's Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.

Delivered as an electronic download approximately four weeks after the program has aired, each Training Pack includes:

  • Recordings and transcripts of the presentation
  • All presentation visual aids and handouts
  • All ancillary reading materials suggested by our presenters

For a complete list of available Training Packs from past webinars, click here.

Subscriber Information

Subscribers to BVR's Training Passport BVR's Training Passport Pro are automatically registered for this event. For more information contact BVR or login to your account.



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