Business Valuation. Matrimonial Consulting. Forensic and Investigative Accounting. Mergers and Aquisitions. Embezzlement.

Transcription

1 Embezzlement Bankruptcy Expert Witness Services At Brisbane Group we specialize in the valuation of closely held businesses, litigation support, financial aspects of divorce, quantifying economic damages and insurance claims. Our valuation professionals maintain the most prestigious valuation designations in the profession. We are well qualified to assist attorneys in detecting unreported income and assets, settlement and mediation of financially contested issues, providing expert witness testimony at trial, and assessing the tax consequences of divorce as it relates to various forms of equitable distribution and spousal support. In addition to CPA licensure, members of our consulting division are affiliated with the major business valuation organizations and professional associations, maintaining the following designations: Certified Public Accountant (CPA) Accredited in (ABV) Certified in Financial Forensics (CFF) Accredited Senior Appraiser (ASA) American Society of Appraisers Certified Fraud Examiner (CFE) Association of Certified Fraud Examiners Certified Analyst (CVA) National Association of Certified Valuators and Analysts Brisbane Group, LLC is a wholly owned subsidiary of Lumsden & McCormick, LLP, Certified Public Accountants

2 BUSINESS VALUATIONBRISBANE CONSULTING GROUP Dissenting Shareholder of Lost Income Our business valuations conform to the standards promulgated by the (AICPA), the American Society of Appraisers (ASA), the National Association of Certified Analysts (NACVA) and the Uniform Standards of Professional Appraisal Practice (USPAP). Our staff is highly qualified in finance and accounting and hold numerous professional designations in the valuation discipline. of Economic Damages Brisbane Group has considerable experience in cases that require a calculation of the monetary loss as a result of a breach of contract, wrongful death, personal injury, embezzlement and bankruptcy. Brisbane Group also has experience with several insurance related cases to determine the lost earnings for business interruption insurance purposes. Offering Memorandum Marketing a business for a potential sale requires a professionally prepared company prospectus. Our offering memorandum not only highlights the nature and history of the company s business, it also effectively communicates the financial data in a widely accepted format. Financial Research What are businesses in the restaurant industry selling for? What are reasonable levels of compensation for the CEO of an electrical contracting company? Brisbane Group has access to numerous business and financial resources that can be used to compliment other financial analyses. Intangible Assets Increasingly, intellectual property dominates the business landscape. Brisbane Group can establish the value of distinctive properties such as patented technology, trade secrets, trademarks, copyrights and other unique intangible assets. License/Degree In the wake of several landmark cases, the valuation of a professional license, degree or certification earned during the marriage is often the most valuable asset of the marital estate. At Brisbane Group, we perform the valuation of enhanced earning capacity on an individualized basis, analyzing the expected earnings with and without the license/degree and assessing the relevant risk of maintaining the expected earnings throughout the subject s remaining work life. Brisbane Group, LLC is a wholly owned subsidiary of Lumsden & McCormick, LLP Certified Public Accountants

3 MATRIMONIAL CONSULTINGBRISBANE CONSULTING GROUP We specialize in the financial aspects of divorce and have assisted attorneys as consultants and experts in the valuation of intangible assets of closely held businesses, calculated the enhanced earning capacity of a degree or license, valued pensions and stock options and participated in settlement negotiations and mediation. We have testified in numerous divorce cases and have served as court appointed experts. of Lost Income License/Degree In the wake of several landmark cases, the valuation of a professional license, degree or certification earned during the marriage is often the most valuable asset of the marital estate. At Brisbane Group, we perform the valuation of enhanced earning capacity on an individualized basis, analyzing the expected earnings with and without the license/degree and assessing the relevant risk of maintaining the expected earnings throughout the subject s remaining work life. Stock Options The issue before divorce courts is the extent to which an interest in a stock option plan constitutes marital property when the plan comes into existence during the marriage but is contingent on the employee spouse s continued employment after the divorce. We have significant experience in determining the appropriate coverture fraction and have valued stock options for publicly traded companies. Pension In some cases, the participant spouse might offer to buy his or her spouse out of their share of the pension. Applying the marital coverture as required under case precedent, a pension valuation can be provided quickly and within budget. Settlement & Negotiation Often we are asked to assist attorneys in settlement of the financial issues or we are asked to negotiate with IRS agents or opposing experts. In addition, we have been court appointed as accounting, economic and valuation experts and have served the judiciary as a receiver for troubled companies. Expert Witness Services Success at trial requires substantial preparation, enhanced visual aids and excellent expert testimony. Our trial services extend beyond the trial date and include case strategy, discovery and preparation of questions for use at depositions and trial. We have been qualified and have rendered expert testimony across several counties of the New York State Supreme Court and Federal Court. Tax Planning After valuation issues are settled, our expertise as CPAs allows us to structure the terms of the settlement. In addition to our proprietary valuation software, we have customized divorce-planning software which instantaneously calculates guideline child support and the after-tax cash flow of the parties after maintenance and a distributive award. This sophisticated program provides a comparative analysis of various settlement and support scenarios. Brisbane Group, LLC is a wholly owned subsidiary of Lumsden & McCormick, LLP, Certified Public Accountants

4 FORENSIC ACCOUNTINGBRISBANE CONSULTING GROUP Expert Witness Dissenting Shareholder Actions Bankruptcy Embezzlement of Lost Income is complex and full of challenging situations. Perhaps none is more challenging than those involving litigation and a forensic accounting investigation; these circumstances require specialized, experienced and capable support. Our experienced accounting experts focus on providing litigation and forensic accounting services, conducting fraud investigations, and assisting counsel in litigating cases. As CPAs, CFFs, and CFEs trained and experienced in investigative accounting, we are often engaged to uncover hidden assets, unreported income or overstated expenses and other misstatements involving the financial disclosures of an individual or business entity. We have also been engaged to investigate the potential for financial fraud or quantify the monetary damages for prosecution and insurance recovery purposes. Settlement & Negotiation We can assist in settlement of the financial issues and negotiate with IRS agents or opposing experts. In addition, we have been court appointed as accounting, economic and valuation experts and have served the judiciary as a receiver for troubled companies. Expert Witness Services Trial services involve trial preparation and expert testimony as well as preparing visual aids for use at trial. This also involves assisting with case strategy, discovery and preparing questions for use at depositions and trial. We have been qualified and rendered expert testimony across several counties of the New York State Supreme Court and Federal Court. Our experts have the experience, training, and skills necessary to analyze complex financial matters and effectively communicate our results to judges and juries. Brisbane Group, LLC is a wholly owned subsidiary of Lumsden & McCormick, LLP, Certified Public Accountants

5 OWNERSHIP TRANSITIONBRISBANE CONSULTING GROUP Buy-Sell Agreements Gifting and Estate Planning Manage Relationship with the IRS Offering Memorandum Many businesses do not commit the appropriate resources towards ownership transition planning, which is heavily dependent upon the appropriate valuation of the business. While known for our extensive experience with business valuation services, Brisbane has managed all stages of planning for ownership transition including buy-sell agreements, gift and estate planning, and negotiating the terms of management buyout in the sale of a company. A complete valuation will provide an unambiguous indication of value and includes an in-depth analysis of the subject company, its industry, financial condition, earning capacity and the national and local economy. All of our business valuations conform to the standards promulgated by the American Institute of Certified Public Accountants (AICPA), the American Society of Appraisers (ASA), the National Association of Certified Analysts (NACVA) and the Uniform Standards of Professional Appraisal Practice (USPAP). Buy-Sell Agreement A thorough buy-sell agreement should be in place in every business to prevent loss, whether during a transition or in preparation for unexpected circumstances that may arise. Brisbane Group brings the knowledge of all aspects of buy-sell agreements, including financing options, overseeing liquidity issues, and reviewing all triggering events. Gift and Estate Planning With today s ever-changing tax laws, estate planning can maximize savings and preserve the assets our clients worked so hard to build and maintain. Whether it s providing for future generations or funding a favorite charity, we can assist in establishing, within your transition plan, the benefits of different plans to allow you to preserve your well-earned assets, provide for continued income, and prepare for all the changes life can bring. Offering Memorandum Marketing a business for a potential sale requires a professionally prepared company profile. Our offering memorandum not only highlights the nature and history of the company s business, it also effectively communicates the financial data in a widely accepted format. Brisbane Group, LLC is a wholly owned subsidiary of Lumsden & McCormick, LLP Certified Public Accountants