What every business owner and professional needs to know about business valuations
In today’s volatile economy, the biggest question and unknown is whether business owners and professional can sell their business or practice for what they expect. Are their business valuations suspect? Can they be relied upon? How do different valuation methods affect their financial plans? Are they reliable enough to bank their future on? What should every business owner and professional know about business valuations? Today’s show features Dr. Peter Lohrey, PhD, AVA, CDBV, the Director of Business Valuation & Litigation Support Services for Graf Repetti & Co., LLP. and John Raspante CPA, MST, and CDFA who holds the dual roles of Director of Compliance and Risk Management as well as the Director of Education for Graf Repetti.
Dr. Peter Lohrey, Director of Business Valuation and Litigation Support Services, USA
Peter L. Lohrey, PhD, AVA, CDBV, is the Director of Business Valuation & Litigation Support Services for Graf Repetti & Co., LLP. He has over 20 years of experience with valuation, mergers and acquisitions, loan workouts, and expert witness matters pertaining to litigation. He provides valuation services to accounting firms, corporations (publicly traded & privately held), family owned businesses, financial service companies, private equity firms, securities firms, attorneys & bankers. Previously he was the Director of Litigation and Valuation Services at a New York City consulting firm. He also worked at the Office of Economic Analysis at the U.S. Securities and Exchange Commission (SEC). He was an Associate Professor at Central Connecticut State University and St. Norbert College. He has a PhD in Finance & Accounting from George Washington University, a MS in Finance and an MBA from Loyola University in Maryland, and a BS in Business Administration from University of Delaware.
John F. Raspante, CPA, MST, CDFA, holds dual roles as Director of Compliance, Risk Management and Director of Education for Graf Repetti & Co. LLP, Certified Public Accountants & Business Advisors. Prior to Graf Repetti, Mr. Raspante worked 9 years for CAMICO Mutual Insurance Company, the nation’s second largest provider of accountants’ professional liability insurance providing loss prevention services to the organization’s largest insured’s. His professional affiliations include the American Institute of Certified Public Accountants and 12 state accounting societies. He serves on NYSSCPA’s Compilation and Review Committee, NJSCPA’s Editorial Board, the Accounting and Auditing interest group, and the National Conference of CPAs’ Ethics Committee. Mr. Raspante is a frequent author and speaker on issues relating to risk management and professional ethics. He earned a B.B.A. in accounting from Baruch College (CUNY) and a master’s degree in tax from Washington School of Law.