News and Articles

Business Valuation: One-of-a-Kind Assets Require a Unique Valuation Approach 
Date: July 19, 2018

As the estates of Michael Jackson and J.D. Salinger illustrate, taxpayers and the IRS often disagree about the fair market value of unique assets — such as copyrights, patents and private business interests — after the owner dies. Fortunately, an independent, qualified appraiser can prepare a written report that improves an estate’s chances of surviving IRS scrutiny… Read More

Business Valuation: How a Valuation’s Purpose Affects its Value 
Date: June 22, 2018

A closely held company is often the most valuable asset the owner possesses. It’s important to know exactly how much the owner’s investment is worth for many reasons. This article explores some of the issues involved in valuing a business for business planning, gift and estate taxes, buy-sell agreements, litigation and financial reporting purposes… Read More

Business Valuation: A Family Business Does Not Have to Be a Casualty of Divorce
Date: April 28, 2018

What if a divorce threatens to tear a family business apart? It’s bad enough when a marriage ends, but it’s even worse when the former spouses both work for a family company. That usually means one or both will have to remove themselves from the business — for a price. This article gives you an idea of how the value of a business is determined when divorcing spouses disagree… Read More

Business Valuation: Value Your Business Internally and Externally
Date: February 20, 2018

Valuing a family business can help determine whether the owner should keep it, sell it or pass it on to a family member — either now or in their estate plan. There are two types of valuations that relate to a small business. Here are details on both and how they can fit into the succession plans for a family business… Read More

Buyers and Sellers: It Takes Two to Make a Deal
Date: January 16, 2018

Value is in the eye of the beholder — and buyers and sellers rarely agree. Normally, sellers want the highest possible price, while buyers want to pay as little as possible. This article discusses the how both sides negotiate deals and what factors drive value for small owner-operator businesses… Read More

Shareholder Agreements: Preparing for the Unexpected
Date: November 20, 2017

“The best laid schemes o’ mice and men go oft awry,” wrote Robert Burns, and this certainly applies to even the best-run family businesses. A shareholder agreement helps prepare for the unexpected. Think of it as a prenuptial agreement for a family business — a mechanism to reduce hard feelings and provide for an equitable distribution of assets… Read More

Contracts with Contingent Consideration Provisions: Stallone Fights Studio’s Accounting Methods
Date: October 17, 2017

Contracts that include contingent consideration provisions can lead to disputes regarding key definitions, as well as the amount and timing of payouts. Here are the details of a high-profile accounting dispute that started more than two decades ago between Sylvester Stallone’s production company and a major movie studio involving the 1993 movie Demolition Man.  Gryphon Valuation Consultants has specific experience in analyzing the value ramifications of contingent consideration provisions and conditions precedent.. Read More

Business Valuations: Why Is The Valuation Date So Important?
Date: August, 2017

When one considers how the value of an asset will be determined, it’s common to think about which method the appraiser will use or whether discounts may apply. A critical factor that might not immediately come to mind is the appraisal date. This article explains why the “as-of” date matters and how the purpose of the valuation guides this decision.. Read More

Business Valuations Are Not Commodities: You Get What You Pay For
Date: July 28, 2017

When hiring a business appraiser, you typically get what you pay for. An inexpensive provider may actually cost more over the long-run by skipping key valuation steps, overlooking unrecorded assets and liabilities, and failing to support his or her conclusion with real-world evidence. For an appraisal you can count on, hire a professional with credentials and obtain a full written appraisal report.. Read More

Price or Value: Which is Correct?
Date: June 14, 2017

The appraised value of your business or business interest is likely to differ from its future selling price. Here are several valid reasons for the discrepancy. Businesses that understand the limitations of appraisal reports are better positioned to make informed decisions. Read More

Valuation Experts: Reliable Experts are Independent Experts
Date: April 13, 2017

Every valuation expert witness relies on assumptions or limiting conditions when valuing a business or quantifying economic damages. But what happens when the expert isn’t given the opportunity to perform independent analyses or question key assumptions provided by the client or attorney? As one case demonstrates, failure to respect your expert’s independence can led to the exclusion of his or her testimony. Read More

Business Valuation: Myths and Truths
Date: March 18, 2017

Business owners and investors often misunderstand the appraisal process and its results. Before you hire a valuation professional to appraise a business interest, it’s important to understand what “value” means, including the uses and limitations of valuation reports. Here, we debunk common misconceptions about the art and science of valuing a business. Read More

E-Discovery: Social Media Counts
Date: February 10, 2017

Courts have made it clear that social media may be subject to pre-trial discovery. But judges aren’t inclined to grant blanket access to social medial accounts just so litigants can engage in a fishing expedition. Instead they require proof that a site is likely to contain relevant material. This article discusses the e-discovery rules and how social media presents unique challenges. Read More

Exit Planning: Expand Your Practice by Leveraging a Unique Opportunity
Date: January 17, 2017

Exit planning has become quite the catchphrase.  It is estimated that over the next ten to fifteen years, more than 70% of privately owned businesses will change hands.  This is a three-part series that focuses on looking beyond just the valuation numbers and diving deeper into the benefits that exit planning services can provide to business owners and the opportunity afforded financial and legal professionals. Read More

Buy/Sell Agreements: A Business Valuation Perspective
Date: December 7, 2016

The circumstances surrounding Buy/Sell Agreements and their potential for unintended consequences is perhaps a larger issue now than ever before.  Baby boomers are turning 65 at the pace of 10,000 every day. Roughly 7 million small and mid-sized private companies are owned by baby boomers.  For many of these businesses, the timing of their ownership transfer will be unexpected.  What happens then?  Read More

What Is a Physician Practice Worth in Today’s Chaotic World of Health Care?
Date: March 15, 2015

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Donald R. Parker, founder, Gryphon Valuation Consultants, discusses the critical valuation, or appraisal, data and analysis that physicians need to help ensure they receive full fair market value for their practice, or interest in a practice, at the time of sale. Parker also explores why periodic valuations are foundational to developing exit, or transition, strategies and planning. Readers of “What Is a Physician Practice Worth” also will understand why and how valuations completed by a credentialed valuation analyst are necessary for purposes of changes to partnership structure, estate planning or the distribution of marital assets in divorce.  Read More