The Cost Approach May Be the Best for Construction Firms - Here's Why 
By: Matthew Crane, ASA, CPA/ABV
The nature of construction firms is such that the use of some valuation approaches may pose problems. Although the valuation of construction firms may be speculative, in many cases, the U.S. Tax Code and the Financial Accounting Standards Board’s Accounting Codification Standards (ACS) require it. Thus, the purpose of this article is to discuss some key issues in valuing these business interests and to provide a case example.

Splitsville: Divorce and the closely held business owner

By: Erin D. Hollis, ASA, CDBV

For many business owners who are married to each other, the business is both the most valuable and most illiquid asset in the marital estate. Therefore, it is reasonable to assume that if owners divorce, the business will be an asset that could spark substantial controversy and conflict. Further, without preparation and precaution, the consequences of divorce can have a devastating financial impact on a business. If either you or your business partners are contemplating divorce, or if divorce is imminent, consider the following:
1. Who Should Perform the Business Valuation?
2. What Is to be Valued?
3. How Will the Divorce Impact the Business?

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