Annual Business Valuation Symposium: A Guide to the Changing Legal Environment
- Credits: 4.00 General, 0 Professional Responsibility
- Product ID: P1037-17U
- Original Program Date: 06/15/2017
Thursday, June 15, 2017
IIT Chicago-Kent College of Law & Live Webcast
565 W. Adams Street, Chicago, IL 60661
Moderator: Bruce L. Richman CPA/ABV, CVA, CFE, CPEP
National Director of Business Valuation Advisory Services
Mazars USA, LLP, Chicago
11:45 – 12:30 Registration and Box Lunch Pick-Up
12:30 – 12:45 Welcoming Announcements
Dean Harold J. Krent, IIT Chicago-Kent College of Law, Chicago
KEYNOTE PRESENTATIONS: The New President, New Tax Laws and Their
Impact on the Value of Businesses
12:45 – 1:15 Eric Freedman, Chief Investment Officer of U.S. Bank Wealth Management, Minneapolis, MN
Freedman directs U.S. Bank Wealth Management’s Asset Management Group, leading its investment management business strategy and policies. U.S. Bank Wealth Management manages $133 billion of assets for clients and is ranked among the top 20 wealth management firms in the country.
Introduction by Richard L. Gayle, Chief Executive Officer, Robbins, Salomon & Patt Ltd., Chicago
1:15 – 1:45 Robert James "Bob" Dold Jr., Former United States Representative, Chicago
Dold served Illinois’s 10th Congressional District from 2011 to 2013 and again from 2015 to 2017. Prior to his election, Dold ran his family-owned business, Rose Pest Solutions.
Introduction by Keith J. Shapiro, Chairman of Greenberg Traurig LLP, Chicago
1:45 – 2:30 Why the Standard of Value Matters
A key to understanding a company’s value is understanding what is meant by the definition of value. What is the Standard of Value that we refer to? We will provide an overview of what is Fair Market Value and what is Fair Value as well as the key difference and when each standard should be used.
Bruce L. Richman, MazarsUSA, Chicago
Michael J. Zdeb, Holland & Knight, Chicago
2:30 – 2:45 Break
2:45 – 3:30 Maximizing Value when Monetizing Ownership Interest and The Art of the Recast Financial Statement
As owners and advisors, what should we be doing to get highest value? Learn how to
best present a seller (cleaning up the house, recast financial statements and quality of
earnings reports) and live within the “gray” of valuations.
Robert M. Mintz, Stahl Cowen Crowley Addis LLC, Chicago, Panel Moderator
Tony Crisman, Lincoln International, Chicago
Benjamin W. Yarbrough, Merit Capital Partners, Chicago
3:30 – 4:00 Avoiding Valuation Errors that May Affect Future Litigation
(0.5 Professional Responsibility)
We will review the various ways in which valuation is used in litigation and bankruptcy, and prospective steps that a business may take to combat hindsight bias if the deal falls apart.
Hon. Timothy A. Barnes, United States Bankruptcy Court, Northern District of Illinois, Chicago
J. Mark Fisher, Schiff Hardin LLP, Chicago
Howard K. Jeruchimowitz, Litigation Shareholder, Greenberg Traurig, LLP, Chicago
4:00 – 4:30 How to Pressure Test Your Succession Plan for Owners of Closely Held Businesses
This interactive session will focus on the distinctions between (1) businesses which
are well positioned for effective business succession and transition of leadership and
economic value to the next generation and (2) those that are not. Participants will hear
practical points and specific details that contribute to and/or detract from effective
planning: i.e. the role of business valuation and buy sell agreements, management of
employee/family member expectations and transition of economic value vs. control.
Participants will leave this session with actionable next steps and/or confirmation that
effective planning already is in place.
Sarah Kerr Severson, Schiff Hardin LLP, Chicago
KEYNOTE PRESENTATION: Looking Forward…
Where does this changing political and financial environment leave us in looking at the value of today’s private and public companies?
4:30 – 5:00 David J. Solomon, CEO, Lazard Middle Market, Chicago
Solomon is an active dealmaker in Lazard Middle Market’s Consumer Retail group focusing on direct marketing, ecommerce, and multi-unit retailers. He brings a rich background in M&A and financing to creatively address complex issues in client transactions, on behalf of entrepreneurs, public companies, and private equity groups.
5:00 Adjourn to Networking Reception
Dates & Locations
- 06/15/2017 - Chicago
- 06/15/2017 - Webcast
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