PAGE 5 Conference Presentations, Webinars, and Professional Journal Articles:
“Valuation of Contract-Related Intangible Assets”
Challenges in Measuring the Fair Value of Intangible Assets
This webinar presentation was delivered on March 4, 2014, by Robert Reilly, a managing director of the firm, at a Business Valuation Resources Webinar.
This presentation explored relevant GAAP provisions related to fair value accounting. It discussed the generally accepted approaches and methods for valuing intangible assets. Robert also presented an illustrative example of each valuation approach.
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This presentation explored relevant GAAP provisions related to fair value accounting. It discussed the generally accepted approaches and methods for valuing intangible assets. Robert also presented an illustrative example of each valuation approach.
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Valuing Professional Practices and Licenses-A Guide for the Matrimonial Practitioner
Robert Reilly, Bob Schweihs, and Charles Wilhoite, managing directors of our firm, and Charlene Blalock, research associate of our firm, contributed chapters to the 4th edition of the book Valuing Professional Practices and Licenses-A Guide for the Matrimonial Practitioner, edited by Ronald L. Brown, and published in 2014 by Wolters Kluwer. Robert's chapter are: Chapter 12, "Reasonableness of Practitioner/Executive Compensation Analyses for Family Purposes," Chapter 14, "Differences in the Valuation of Large and Small Professional Practices," Chapter 17, "Valuing Individual Intangible Assets in a Marital Estate Involving a Professional," Chapter 21, "Professional Guidance from Internal Revenue Service Publications in Family Law Valuations of Professionals," and Chapter 41, "Accounting Practice Valuation Approaches, Methods, and Procedures." Bob's chapters are: Chapter 3, "Adjusting the Professional Practice Balance Sheet," and Chapter 39, "Sample Medical Practice Valuation Report." Charlene and Charles co-authored Chapter 23, "Professional Designations: Evaluating Expert Witness Credentials in Divorce Cases Involving Professionals."
The book is available from Wolters Kluwer Law & Business
“Valuation of Contract-Related Intangible Assets”
By Robert F. Reilly, a managing director of our firm, published in the December 2013 issue of The Practical Lawyer. This article is reprinted with the publisher’s permission.
This article examines the contents or components of a contract-related intangible asset. It considers the different types of contracts that are included in this intangible asset category. The article also summarizes the common methods related to contract valuation, damages, and transfer price analysis and describes the factors commonly considered. An illustrative example is included in this article.
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This article examines the contents or components of a contract-related intangible asset. It considers the different types of contracts that are included in this intangible asset category. The article also summarizes the common methods related to contract valuation, damages, and transfer price analysis and describes the factors commonly considered. An illustrative example is included in this article.
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“Intangible Asset Market Approach Valuation Methods for Property Tax Compliance and Controversies”
By Robert F. Reilly, a managing director of our firm, published in the Winter 2014 issue of The Practical Tax Lawyer. This article is reprinted with the publisher’s permission.
The issue of intangible asset valuation arises both when taxpayer assets are subject to property taxation and when taxpayer assets are exempt from property taxation. This article explores the data required to perform a market approach valuation of intangible assets and discusses the various methods of the market approach to valuation.
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The issue of intangible asset valuation arises both when taxpayer assets are subject to property taxation and when taxpayer assets are exempt from property taxation. This article explores the data required to perform a market approach valuation of intangible assets and discusses the various methods of the market approach to valuation.
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Willamette Management Associates Whitepaper:
Intangible Asset Market Approach Methods for Property Tax Valuation
Intangible Asset Market Approach Methods for Property Tax Valuation
By Robert F. Reilly, CPA
The value of industrial and commercial taxpayer intangible assets is often relevant for ad valorem property tax compliance or controversy purposes. In some taxing jurisdictions, such intangible assets are subject to property taxation. In some taxing jurisdictions, such intangible assets are exempt from property taxation. In either case, valuation analysts are often called on to value such taxpayer intangible assets. This discussion summarizes and illustrates common market approach methods for valuing commercial intangible assets.
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The value of industrial and commercial taxpayer intangible assets is often relevant for ad valorem property tax compliance or controversy purposes. In some taxing jurisdictions, such intangible assets are subject to property taxation. In some taxing jurisdictions, such intangible assets are exempt from property taxation. In either case, valuation analysts are often called on to value such taxpayer intangible assets. This discussion summarizes and illustrates common market approach methods for valuing commercial intangible assets.
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“Charitable Contributions of Complex Assets”
By Timothy Meinhart, director of our Chicago office, and Fady Bebawy, a manager in our Chicago office, published in the October 2013 issue of Trusts & Estates. This article is reprinted with the publisher’s permission.
This article explores the features of complex assets. It discusses guidance on charitable giving from the regulations, including Code Section 170 and the accompanying regulations. Tim and Fady discuss valuation adjustments, including discounts for lack of control and lack of marketability, and the variables that can help realize lower valuation discounts.
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This article explores the features of complex assets. It discusses guidance on charitable giving from the regulations, including Code Section 170 and the accompanying regulations. Tim and Fady discuss valuation adjustments, including discounts for lack of control and lack of marketability, and the variables that can help realize lower valuation discounts.
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Current Valuation Issues in Bankruptcy
This presentation was delivered on November 11, 2013, by Robert Reilly, a managing director of the firm, at the annual AICPA Forensic & Valuation Services Conference, which was held in Las Vegas.
This presentation explored 10 common reasons to conduct a bankruptcy valuation. Robert also provided descriptions of 10 current analytical issues that practitioners face in performing bankruptcy valuations. He also reviewed 10 caveats for valuation analysts performing bankruptcy-related valuations.
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This presentation explored 10 common reasons to conduct a bankruptcy valuation. Robert also provided descriptions of 10 current analytical issues that practitioners face in performing bankruptcy valuations. He also reviewed 10 caveats for valuation analysts performing bankruptcy-related valuations.
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Analyzing Intellectual Property Royalty Rate Data
This presentation was delivered on November 12, 2013, by Robert Reilly, a managing director of the firm, at the annual AICPA Forensic & Valuation Services Conference, which was held in Las Vegas.
This presentation explored the four types of intellectual property. Robert discussed uses of royalty rates in intellectual property analyses. He provided information on common IP royalty rate data sources. Robert discussed common types of royalty rate normalization adjustments. Finally, Robert provided an illustrative example of an IP royalty rate analysis.
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This presentation explored the four types of intellectual property. Robert discussed uses of royalty rates in intellectual property analyses. He provided information on common IP royalty rate data sources. Robert discussed common types of royalty rate normalization adjustments. Finally, Robert provided an illustrative example of an IP royalty rate analysis.
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Is There a Problem with ESOPs? Recent Litigation and Enforcement Efforts
This presentation was delivered on October 9, 2013, by Frank (Chip) Brown, the director of our Atlanta office, along with Joe Barton and Larry Gwaltney, in a webinar sponsored by Bloomberg BNA.
This presentation reviewed issues related to ESOPs in closely held companies, including valuation approaches and methods. The presentation also explored trends in Department of Labor enforcement and ESOP litigation.
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This presentation reviewed issues related to ESOPs in closely held companies, including valuation approaches and methods. The presentation also explored trends in Department of Labor enforcement and ESOP litigation.
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“Intangible Asset Valuation Due Diligence”
By Robert F. Reilly, a managing director of our firm, published in the October 2013 issue of The Practical Lawyer. This article is reprinted with the publisher’s permission.
This article summarizes what lawyers should know about the valuation due diligence process. This due diligence process is important to ensure that the intangible asset valuation stands up to a tax audit, regulatory challenge, or litigation contrarian review.
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This article summarizes what lawyers should know about the valuation due diligence process. This due diligence process is important to ensure that the intangible asset valuation stands up to a tax audit, regulatory challenge, or litigation contrarian review.
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"Understanding the Courts’ Treatment of Synergistic Value Arising from Transactional Disputes"
By Kevin P. Carey, a senior associate in our Chicago office, published in the July/August 2013 issue of The Value Examiner. This article is reprinted with the publisher’s permission.
Delaware Chancery Court decisions are closely followed by valuation analysts. Kevin’s article examines several recent Chancery Court decisions, as well as one New Jersey Superior Court decision. The article explores the court’s treatment of synergistic value in each decision.
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Delaware Chancery Court decisions are closely followed by valuation analysts. Kevin’s article examines several recent Chancery Court decisions, as well as one New Jersey Superior Court decision. The article explores the court’s treatment of synergistic value in each decision.
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Overview of Intangible Asset Valuation
This presentation was delivered on August 8, 2013, by Robert Reilly, a managing director of our firm, in a webinar sponsored by the American Institute of Certified Public Accountants, Forensic and Valuation Services Section.
Robert’s presentation explored what is—and what is not—an intangible asset. He discussed categories and types of intangible assets. He also explored reasons to conduct intangible asset valuations. Finally, Robert reviewed topics related to reporting the results of an intangible asset valuation.
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Robert’s presentation explored what is—and what is not—an intangible asset. He discussed categories and types of intangible assets. He also explored reasons to conduct intangible asset valuations. Finally, Robert reviewed topics related to reporting the results of an intangible asset valuation.
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“Tax Implications of the Intellectual Property Valuation Process”
By Robert Reilly, a managing director of the firm, published in the Summer 2013 issue of The Practical Tax Lawyer. This article is reprinted with the publisher’s permission.
This article discusses the principal procedures in the process of valuing intellectual property. These procedures are grouped into the four categories of (1) identification of the intellectual property valuation problem; (2) data collection, due diligence, and analysis; (3) generally accepted valuation approaches; and (4) value synthesis and conclusion.
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This article discusses the principal procedures in the process of valuing intellectual property. These procedures are grouped into the four categories of (1) identification of the intellectual property valuation problem; (2) data collection, due diligence, and analysis; (3) generally accepted valuation approaches; and (4) value synthesis and conclusion.
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“What Lawyers Need to Know about Intangible Asset Economic Damages Due Diligence Procedures”
By Robert Reilly, a managing director of the firm, published in the August 2013 issue of The Practical Lawyer. This article is reprinted with the publisher’s permission.
This article discusses the importance of due diligence procedures in an economic damages analysis. It explores the difficulty of obtaining all necessary documents in a contrarian environment. The article reviews the various types of documents that an analyst may need to obtain in order to perform an intangible asset economic analysis.
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This article discusses the importance of due diligence procedures in an economic damages analysis. It explores the difficulty of obtaining all necessary documents in a contrarian environment. The article reviews the various types of documents that an analyst may need to obtain in order to perform an intangible asset economic analysis.
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Defining and Estimating “Value” in the LLC Setting
This presentation was delivered on July 20, 2013, by Charles Wilhoite, a managing director of our firm and our national director of tax-exempt entity and health care services practice, at the State Bar of Arizona, CLE by the Sea Conference, which was held in San Diego.
Charles’s presentation discussed the various standards and premises of value and their importance in valuing an LLC entity. He explored key provisions of LLC operating agreements and presented “value” examples from operating agreements. Finally, Charles discussed the standard valuation approaches and methods and issues related to levels of value.
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Charles’s presentation discussed the various standards and premises of value and their importance in valuing an LLC entity. He explored key provisions of LLC operating agreements and presented “value” examples from operating agreements. Finally, Charles discussed the standard valuation approaches and methods and issues related to levels of value.
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"Consideration of Functional and Economic Obsolescence in the Assessment of Industrial or Commercial Property”
By Robert Reilly, a managing director of the firm, published in Volume 10, Issue 1 (Winter 2013) issue of the Journal of Property Tax Assessment & Administration. This article is reprinted with the publisher’s permission.
Robert’s article summarizes the cost approach to the property tax valuation of industrial and commercial property. The article presents the practical procedures that either a taxpayer corporation or a tax assessor can use to recognize the existence of obsolescence. It also discusses practical procedures for analyzing economic obsolescence independently from an income approach analysis. And, the article suggests practical procedures to categorize the various types of property obsolescence.
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Robert’s article summarizes the cost approach to the property tax valuation of industrial and commercial property. The article presents the practical procedures that either a taxpayer corporation or a tax assessor can use to recognize the existence of obsolescence. It also discusses practical procedures for analyzing economic obsolescence independently from an income approach analysis. And, the article suggests practical procedures to categorize the various types of property obsolescence.
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Business Valuation Issues in Bankruptcy
This presentation was delivered on May 20, 2013, by Robert Reilly, a managing director of our firm, at the New York State Society of CPAs, Foundation for Accounting Education meeting.
Robert’s presentation discussed 10 common bankruptcy business valuation services. He also explored 10 common bankruptcy valuation issues. And, finally, Robert discussed 10 analyst caveats for performing bankruptcy valuations. The handout materials from this presentation are available on our website.
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Robert’s presentation discussed 10 common bankruptcy business valuation services. He also explored 10 common bankruptcy valuation issues. And, finally, Robert discussed 10 analyst caveats for performing bankruptcy valuations. The handout materials from this presentation are available on our website.
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