The Philadelphia Chapter of the ASA will hold its 14th Annual Spring Business Valuation Seminar on Friday, April 26, 2019, at the Doubletree Hotel in Plymouth Meeting, PA. The program will include a variety of topics presented by key thought leaders.
Valuing Large Estates – Will Frazier, ASA & Oliver Warnke, ASA
Typically, most large estates holding investment assets are structured with a central family limited partnership or limited liability company holding both assets and interests in subsidiary entities. Most often the asset classes encountered are common stocks, municipal bonds, and commercial real estate. However, the appraiser will often encounter alternate asset classes such as private equity, hedge funds, art, farms, and ranches. Read more
Will Frazier is a Senior Advisor in the Valuation Advisory group at Stout Risius Ross, LLC, with over 40 years of experience in business valuation and corporate finance.
Oliver Warnke is a Director in the Valuation Advisory group at Stout Risius Ross, LLC. He has over 15 years of experience providing valuations primarily for estate, gift, and income tax requirements, as well as fairness opinions, mergers and acquisitions, financial reporting, and employee stock ownership plans.
Regulated Healthcare Facilities Valuation – Fred M. Lara, CFA, ASA, CVA
The presentation will provide an overview of business valuation involving regulated healthcare facilities, including the types of entities that make up this market segment, an introduction to the reimbursement, terminology, and regulations specific to healthcare facilities, a discussion of healthcare industry-specific factors that influence value, and examples of unique issues that arise in the valuation of imaging centers, radiation therapy centers, ambulatory surgery centers, and physician practices.
Fred Lara is a partner and heads HealthCare Appraisers’ Philadelphia area office. His practice focuses on compensation valuation for compliance with federal and state regulations.
Business Valuations and the Tax Cuts and Jobs Act (Including a Detailed S Corp Case Study) – James F. Hitchner, CPA/ABV/CFF, ASA
Jim Hitchner, Managing Director at Financial Valuation Advisors, has been speaking and writing extensively on the effect of the TCJA on business valuation. During this process, he has been asked a multitude of questions on the new tax law. Join Jim as he presents answers to these important questions.
Jim will present a detailed case study on how to value an S Corp under the new tax law. This will include a valuation using the following S Corp 3 models: Treharne Cash Flow model, Van Vleet SEAM model, Delaware MRI model, and the Fannon model. He will also incorporate various models in this case study including bonus depreciation, interest expense limitations, and qualified business income.
How To Turn The Practice You Have Into The Practice You Want – Rod Burkert, CPA, ABV, CVA
As the title suggests, there is a gap between the forensic and valuation services practice you have and the one you want. That gap is AUTHORITY. Authority is your competitive advantage, perhaps the only one you possess. And within your practice area or industry niche, it stems from (1) possessing specialized knowledge and advancing your unique perspective of it and (2) being known for that expertise and getting recognized for it. All of our profession’s titans have authority. But how do you acquire it? Read more.
Rod Burkert is a Business Valuation Expert and a Practice Development Coach. He is the founder of Burkert Valuation Advisors, where he has been practicing solo since July 2000. His traditional practice assists individuals, businesses, and attorneys to determine or resolve 4 questions of value. Click for more about Rod.
Applicability of USPAP to Litigation Calculations – Megan Salehli, ASA
The use of calculation reports in litigation settings has been debated in the valuation community. This will be an open discussion about how ASA’s interpret and apply the Principles of Appraisal Practice and Code of Ethics, USPAP and the Business Valuation Standards in relation to calculations of value.
Megan Salehli, a Principal at Asterion, specializes in valuation and economic damages and provides consulting services in a variety of matters requiring the investigation and evaluation of financial and economic data and determination of value. Megan has managed a variety of assignments requiring the quantification of economic damages in circumstances including class actions, shareholder suppression actions, business destruction and interruption claims and wrongful termination and personal injury matters. Click for more about Megan.
Early Bird fees, which apply when registration forms and payments are submitted by April 5, are $335 for ASA Members, $370 for all others. After April 5, registration is $365 for ASA Members, $400 for all others. The fee includes lunch, and morning and afternoon refreshments.
To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Only page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail to Anita Luciani, Administrative Assistant, ASA Philadelphia, 1229 Chestnut St PMB 232, Philadelphia, PA 19107-4140. Please note that seating capacity is limited.
The seminar will provide eight hours of continuing professional education credit by the American Society of Appraisers. Seminar credits have also been accepted by the Pennsylvania Continuing Legal Education Board. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit.
A seminar brochure, including comprehensive information, biographies of the presenters, the registration form, and refund and cancellation policies is available for download.
For all other questions, including CEC eligibility for your organization, please contact the seminar organizer, Robert M. Haas Jr., at firstname.lastname@example.org or (215-887-6500).