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Strategies to Increase the Value of Your Business In Advance of Selling

The most successful business transfers are the ones that are properly planned in advance. AAFCPAs encourages clients to think proactively in order to get the most out of what is likely your largest and most important asset.  The following strategies may better position your business for a higher price when selling. Have your financial statements audited or reviewed by an independent CPA – Audited or reviewed financial statements provide potential... continue reading

AAFCPAs David Consigli to Present at Massachusetts Collaborative Law Council Forum

David Consigli, Jr., CPA, ABV, AAFCPAs’ Director of Business Valuations, will serve on a collaborative law panel discussing “Growing the Pie: Introducing Experts Who Create Value for Clients.”  This session is part of the Massachusetts Collaborative Law Council’s (MCLC) Networking & Educational Forum on Cultivating Collaboration: The Changing Faces of Collaborative Law (CL), scheduled for Friday, May 12th. Divorce cases that include family business ownership in the couple’s portfolio (or... continue reading

The Benefits of an Employee Stock Ownership Plan (ESOP) in Succession Planning

Succession planning can be a challenge for privately-held business owners. Finding the right buyer can be difficult and time consuming. In some cases, owners may want to transition their business to their current employees, but the employees may not have the financial means to consummate a sale. An Employee Stock Ownership Plan (ESOP) may be the solution. ESOPs can be very successful when implemented in the right situation, allowing owners... continue reading

Nonprofit Valuations: Transactions Requiring an Accurate Valuation of Your Nonprofit

Did you know that nonprofit organizations, like their for-profit counterparts, can benefit from an independent business appraisal? AAFCPAs advises nonprofit organizations to obtain a business valuation from a qualified, accredited appraiser under the following circumstances: Converting from nonprofit status to for-profit status – There are necessary procedures when companies no longer desire nonprofit status and wish to convert to a for profit entity. The IRS must be notified in writing... continue reading

Best Practice Recommendations for Business Valuations During Divorce

The divorce process can be stressful and emotional. There are many financial decisions to be made especially when there is a family owned business involved. A family business can have significant value and be the largest family asset or it can just be a source of income providing the owner with a job.  When there is a business involved in the context of a divorce, AAFCPAs advises that you consider... continue reading

5 Valuation Issues Every Buy-Sell Agreement Should Address

A Buy-Sell Agreement, also called a business pre-nuptial agreement, or a business will, is a legal document that is used as the mechanism governing business owners upon the exit of an owner. Buy-Sell Agreements create the necessary road map to make these exits less stressful by minimizing disruptions, and avoiding conflict. The price to be paid for an exiting owner’s interest is the single most contended point during a transition... continue reading

AAFCPAs David Consigli to Present at Massachusetts Bar Association Event in Boston

David Consigli, Jr., CPA, ABV, AAFCPAs’ Director of Business Valuations, will serve on a Dispute Resolution (DR) panel discussing “Collaborative Law, Case Evaluation, And Hybrids: Designing The Dispute Resolution Process.”   This Alternative Dispute Resolution Committee Best Practice program, scheduled for May 17th, is part of the Massachusetts Bar Association’s Continuing Legal Education (CLE) Programs. David will join a panel of other skilled and experienced experts offering guidance for attorneys looking... continue reading

AAFCPAs David Consigli to Present at the Salem Bar Association

David Consigli, Jr., CPA, ABV, AAFCPAs’ Director of Business Valuations, will volunteer his time and expertise to present “Everything You Need to Know About  Business Valuations” as part of the Salem Bar Association’s monthly Smart Talks Series.  David will offer guidance for attorneys on when business valuations may be beneficial in litigation, and provide real examples of cases involving different valuation scenarios.  Dave has been called upon as a litigation expert... continue reading

AAFCPAs Adds Depth of Business Valuation Expertise with New Practice Leader

AAFCPAs is pleased to announce the addition of David E. Consigli, Jr., CPA, ABV as Director of Business Valuations.  Dave brings over 27 years of business valuation, forensic accounting, litigation consulting, transaction advisory, succession planning, and tax planning experience to AAFCPAs’ diverse clients. He will lead AAFCPAs’ Business Valuation Practice, specializing in performing valuations of closely-held businesses, business and ownership interests, and intangible assets.  Dave will be based in AAFCPAs’... continue reading