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. NOLs When the Tax Cut and Jobs [...]

As is the experience of many valuation analysts, clients are typically unfamiliar with the language and mechanics of corporate finance as it relates to business valuation or business brokerage.  For these equity owners, it is best to define valuation as a simple algebraic expression that they can easily digest. Market Value = Multiple x Financial [...]

Disclaimer - Opinions expressed are solely my own and do not express the views or opinions of my employer. If after reviewing your valuation and all you have is a collection of numbers in a spreadsheet, you do not have a valuation at all. At that point you simply have a model's output calculations [...]