tovxd – Compton & Wendler, P.C.

Lost Profit Versus Lost Business Value

A business has a value equal to the expected future economic benefits to its owner, discounted to a present value. This concept has broad acceptance and appears in multiple economic, finance and valuation texts.

Evaluating a Valuation

When an intangible asset, usually a business ownership interest such as stock, is valued, the report will necessarily reflect the professional judgment of the appraiser. Evaluating the report will be facilitated by the application of rules or principles that are supplied by relevant professional standards.

Goodwill: Corporate or Personal?

We use the term “goodwill” to identify the intangible but valuable asset of a business arising from its reputation and customer relationships.

How to Determine the Value of Business Ownership Interest

As the size and complexity of a firm grows, the ability to identify what money (i.e. cash) came and went during a period becomes more daunting.

Six Ways to Translate a Trade Secrets Claim Into Specific Damages

The foregoing elements of potential damage reflect general approaches which will be tailored to specific facts.

Avoid These Accounting Expert Problems

The following hypothetical example illustrates the practical need to avoid violations of accounting standards.

Discovering the Income Statement and Balance Sheet

While financial statements comprise balance sheets along with statements of income, cash flow and retained earnings, the balance sheet and the income statement are the most frequently available. Discovering what the balance sheet and income statement intend to present leads to more accurate discovery.

Financial Statements for Lawyers: Cash and Accrual

Two sets of financial statements for a company that cover the same time period can both be technically correct yet display dramatically different values. The key to effective financial discovery means knowing what to request.

Know How to Help Catch Fraud at the Firm

Any lawyer responsible for running a firm needs to know that changing the observer’s point of view or frame of reference can help reveal a fraudster’s trick.

How to Minimize Post-Closing Surprises

Mergers and acquisitions in Texas reflect the state’s business success. With energy companies leading the way, almost $60 billion of deals were announced during the first half of 2013, with a slightly larger amount during the same period of 2012, according to Mergermarket.

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