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Daily Archive for August 24 2011

Experts share tips on determining ‘What’s your business is worth?’ at latest SUCCESStrategies session

During tough economic times, it’s good for business owners to be aware of their overall financial picture in case trouble lies ahead.

On Aug. 18, the latest SUCCESStrategies session titled, “What’s your business worth?” was held at the Alliance offices.

Hosted by the Charleston Area Alliance and Dixon Hughes Goodman (DHG), SUCCESStrategies showcases high level speakers addressing issues of real substance to business leaders in the area.

The Aug. 18 program featured prominent tax professionals sharing tips on determining the financial picture of your business and discussing strategies that can be used to avoid potential economic pitfalls.

To view a full Powerpoint presentation from the Aug. 18 session, please click this link.

The roundtable discussion was moderated by Rick Slater, regional managing partner at DHG. Panelists included Reed Spangler and Morgan Winfree, both with the DHG’s Forensic, Litigation Support and Valuation Group.

Topics of discussion included how to define the value of your business and determining the best valuation approaches and methods for your business.

Other issues discussed included:

• Circumstances under which evaluations are performed (transactions, litigation, compliance and planning).
• Determining what standard of value to use (fair market, strategic, and fair value).
• Understanding the Statement on Standards for Valuation Services (SSVS), which is guidance used for valuation services.

SUCCESStrategies showcases high level speakers addressing issues of real substance to business leaders in the area and will be held at the Alliance office every other month through the end of 2011.

“SUCCESStrategies was created in order to bring ideas and information to help both large and small businesses succeed in these challenging economic times. We are excited about future programming,” Slater said.

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