Multidisciplinary valuation engagements are complex. There are blind spots that, if not addressed, will undermine the valuation. This series is written to identify those blind spots and solve the problem for everybody the easy way. The author’s intent is to support the valuator’s authority and credibility in the courtroom and in all valuation applications. Mixed-discipline assignments can seem much more straightforward than they actually are. For example, valuing an interest in a partnership that holds real estate requires underlying property value and the rest of the balance sheet plus ownership rights, property type, and leverage so you can connect with…
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Changing Assignments from Fairness Opinion to Business Valuation Commercial damages matters can be challenging and require a flexible mind when “wrapping your brain” around the issues and facts of a particular case. Beginning in the first quarter of 2019 and running through October 2020, I had an assignment which began with a simple fairness opinion letter and ended with my testifying at trial to defend my valuation of the business. This article will review the changes in my assignment, the decision to value the business, the Daubert challenge brought by the opposing side, and testifying via Zoom at the trial.…