Professional Qualifications of John T. Iacopi, CPA/ABV, CBA, CVA

Transcription

1 Professional Qualifications of John T. Iacopi, CPA/ABV, CBA, CVA (Covering Business Appraisal, Consulting, Litigation Services Only) Prepared as of May 1, 2015 Educational Background, License and Certifications Bachelor of Science, Major in Accounting, Armstrong University, Berkeley, California; Cum Laude Honors, May, 1972 Licensed as a Certified Public Accountant, December, 1974, State of California, License No E, license renewals met and current CPE completed Certified as a Certified Business Appraiser, January, 1988 (IBA) Recertification requirements met and current Certified as a Certified Valuation Analyst, June, 1993 (NACVA) Recertification requirements met and current Completion of AICPA s Certificate in Education Achievement Program Business Valuation - December, 1996 Accredited as Accredited in Business Valuation by the AICPA February, 1999 (ABV) Recertification requirements met and current Controlling Shareholder in the Accountancy Corporation of Iacopi, Lenz & Company 75% shareholder Business Appraisal, Consulting and Litigation Support Services Mr. Iacopi has been rendering business valuation services since Businesses appraised have included a variety of closely held businesses and professional practices. A list of the types of businesses appraised is available upon request. Over 700 business appraisals have been performed which included all types of assets and liabilities including tangible and intangible properties including goodwill and intellectual property values. 1

2 Mr. Iacopi has expressed professional opinions on the valuation of minority interest ownership positions in both operating businesses and passive real property ownership holding entities. Litigation support services have been rendered in cases involving the measurement of lost profits, damages, tax costs and other forensic matters. Jury trial testimony has been provided on numerous occasions. Mr. Iacopi has had firsthand experience in assisting clients in the sales of some 42 closely held businesses ranging in value from $1.2 million to $34,000,000 in sales price consideration and is familiar with what buyers want, how they price businesses, required rates of return and other data useful to your pending assignments. He is also mindful of what sellers want when they sell their businesses and how buyers and sellers negotiate. This level of experience is valuable to your assignment. Mr. Iacopi is an experienced real estate buyer and seller and has both bought and sold significant real properties in this current economic climate (time periods ). He is mindful of the current market conditions, lending requirements and financing availability, qualified buyers and what they are looking for, cash flows, management and other critical matters (such as advertising) needed to connect buyers and sellers. He is experienced with Internet and Website advertising vehicles to use in marketing and has references to proven Investment Banking firms and Real Estate Appraisal firms. Mr. Iacopi is an experienced loan placement professional and knows the lending environment conditions, what lenders require, rates and terms, turnaround time, lender willingness to finance and other critical components related to financing, changing banks and lender accommodations. He can provide references to lending institutions to assist with your financing requirements. Extensive consulting services are offered ranging from strategic planning, marital dissolution/divorce matters and related business and tax issues, buy-sell agreements, business and family law settlement assistance and mediation services, financing consultations, succession planning, structured settlements, business valuation, property sales, financing, employee evaluations and administrative employee 2

3 motivation, tax planning for S corporations, LLC s, sole proprietorships and individuals. Mr. Iacopi has constructed residences for sale and personal holdings and is familiar with the real estate market at the present time. Three authored self-published books are available from Mr. Iacopi. He also authored an E-Book which was published online on January 31, He can be reached via LinkedIn and Facebook social networking sites along with his firm s website at Iacopi and Lenz Accountancy Corporation. His address is [email protected]. He is also an experienced rice farmer, owning and operating and farming some 1,300 acres in Northern California and is an agricultural accounting, finance and tax expert. Expert Witness Qualifications Mr. Iacopi has qualified as an expert witness in San Joaquin, Los Angeles, Sacramento, Tuolumne, Monterey and Stanislaus Counties and has testified in Superior Court on numerous occasions involving business valuation, forensic accounting and tax related matters. He has been appointed by Superior Court Judges to serve as referee in domestic relations matters to value businesses and verify amounts shown in income/expense declarations. He is experienced in agricultural accounting and farming practices and tax law related thereto. Professional Affiliations Mr. Iacopi is a member of the following professional organizations: American Institute of Certified Public Accountants California Society of Certified Public Accountants Institute of Business Appraisers, Inc. National Association of Certified Valuation Analysts 3

4 Attorney References Available to you upon request. (Attorneys located in Los Angeles, Merced, Sacramento, Modesto, Stockton, Roseville, San Francisco, Chico, other Bay Area Cities) Professional Services Offered Business valuation services/professional practice valuation Forensic accounting and litigation support - all phases Marital dissolution accounting, consulting and related tax advice, Pereira/Van Camp analysis, Income and Expense Declarations prepared/reviewed, FC 2640 credits, PDD and FDD disclosures, tracing of funds into asset ownership, settlements, depositions Litigation settlement services with advice on structuring business and divorce related settlement allocations, tax consultations, spousal support computations, etc. Discovery depositions and critiques Buy-sell agreement reviews, exhibits, explanations and critiques of existing agreements Damage assessment and computations, lost profits and damages to goodwill Critiques of opposing expert opinion reports Tax and finance consultations concerning business sales and acquisitions including allocations of price, stock versus asset sales, other consultative services including family stock transfers (gifts, sales between family members, etc.) Strategic planning and business consulting services including settlement conference and deposition planning, attendance and preparations, legal counsel assistance, legal agreement reviews and long range business planning, management interviews onsite are always conducted, innovation and mentoring of business leaders, strategies and decisions, tax planning and research related services, business formations and selecting types of business structures under which to operate Valuation of fractional interests in closely held businesses for sale, gift, buy-sell agreement values, estate tax appraisals and defense, Section 1800 & 2000 (a) fair value in liquidation appraisals, related litigation and mediation and settlement 4

5 conferences, etc. Court of Appeals case citations IN RE Marriage of Economou, 223 C.A. 3d 76, 91 (Aug. 1990) tracing/finance case, extensive testimony and schedules Court comment after testimony concluded is still cited. IN RE Marriage of Teunissen Fifth Appellate District (Unpublished ) F (Superior Ct. No ). Copy available with permission tracing/finance and appraisal case apportionment. Iacopi schedules accepted by Superior Court in all respects. Upheld on appeal. Affirmed on all six points. 5