In this episode

• David assists attorneys, business owners, and other professionals in determining the value of a company or interest. He focuses primarily on family law, gift and estate, and mergers and acquisitions. 
• His clients enjoy working with him because of his years of experience and choice to pursue long-lasting, trusted relationships. David strives to go beyond just providing a report; instead, he finds ways to communicate why business value is important and help his clients understand every aspect. 
• David works with Carr, Riggs & Ingram (CRI), a Top 25 nationally-ranked accounting and advisory firm driven by relationships to cultivate growth.
• What do you need to do to get an accurate business evaluation? We talk about the process. 
• In a divorce, people often assume their spouse's business is worth more than reported because of money paid under the table, etc. David says you can pay his firm 10-20k to forensic investigation if you believe they are hiding money, but you may be losing money if they are not.
• There are three ways to determine the valuation of a company
  • The asset approach (the fair market value of those assets minus debt)
  • The market approach (looking at the sale price of other businesses similar to the company being evaluated)
  • The income approach (value=benefits over risks)
• When two spouses are in the same business, they each secure services of a firm to get the business evaluated. How do you handle it when the valuations differ? 

Help your friends going through a divorce go from victim to victorious and bitter to better.

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