Our experienced business valuation team consults on economic, industry, financial and capital markets data related to value and changes in value, providing formal reports and subject matter expert testimony for litigated valuation cases.
Early stage case assessment | Consulting on value and changes in value | Formal valuation reports | Active/passive analysis and tracing | Expert witness testimony
William C. Dameworth
William C. Dameworth is a managing member of Forensic Strategic Solutions and the member in charge of valuation services. A specialist in litigated business valuation, Mr. Dameworth’s extensive business valuation and litigation consulting experience includes services in over 500 engagements for a wide variety of purposes.
Director of Valuation Services
Kelly Schmid is the director of valuation services at Forensic Strategic Solutions. Ms. Schmid has provided a broad range of valuation services, valuing intangible assets and business enterprises for purposes of litigation, family law, gift and estate, financial reporting, and tax matters across a wide variety of industries.
Business Valuation for Private Companies | William C. Dameworth
Bill Dameworth, member in charge of valuation services at Forensic Strategic Solutions, discusses the differences between the valuation of privately-held and publicly-held companies and those focused on profit maximization versus tax minimization.WATCH VIDEO
Active/Passive Appreciation in Divorce Litigation: Part One | William C. DameworthWATCH VIDEO
Active/Passive Appreciation in Divorce Litigation: Part Two | William C. DameworthWATCH VIDEO
What Are Capital Expenditures & How Do They Depreciate? | Kelly Schmid
Kelly Schmid, director of valuation services at Forensic Strategic Solutions, explains what capital expenditures are (also known as fixed assets). She also discusses the replacement and depreciation of capital expenditures, as well as the common misconception that depreciation and capital expenditures should always be equal in a normalized cash flow forecast.WATCH VIDEO
Depreciation & Capital Expenditures – Business Valuations | Kelly Schmid
Kelly Schmid, director of valuation services at Forensic Strategic Solutions, discusses the process of estimating depreciation expenses and capital expenditures in a cash flow forecast. She also examines how an incorrect estimate can impact a business valuation.WATCH VIDEO
Pre-divorce Business Downturn Syndrome | William C. Dameworth
Reflecting back on the performance of more than 1,000 business valuations over the last 20-plus years, I have observed the regular occurrence of an economic event in many divorce-related engagements that I have named the Pre-divorce Business Downturn Syndrome (“PBDS” for short).READ FULL BLOG
Adding the Value: Business Valuation Expertise in Divorce Litigation | William C. Dameworth
When going through a divorce, determining the marital value of private business interests can often get tricky – this is especially true if one spouse has a separate ownership interest in a business. An active/passive appreciation study is often required in matrimonial litigation when an existing business or business interest is owned by one spouse prior to the marriage, or is gifted or bequeathed to one spouse during the marriage.READ FULL BLOG
Adding the Value: Business Valuation Expertise in Divorce Litigation – Part Two | William C. Dameworth
In my last blog post, I explained what an active/passive appreciation study is, scenarios in which it would be conducted and the value that a business valuation expert brings to the table when performing the analysis. As a refresher, an active/passive appreciation study is often required in matrimonial litigation when an existing business or business interest is owned by one spouse prior to the marriage, or is gifted or bequeathed to one spouse during the marriage. Since we have covered the basics, we can now dive deeper and discuss the various phases and steps of an active/passive appreciation study.READ FULL BLOG
Analyzing Assumptions in a Cash Flow Forecast | Kelly Schmid
Forecasts of future cash flows within the income approach to business valuation are loaded with assumptions. During my nearly two decades of business valuation experience, I have reviewed hundreds of valuation reports prepared by other experts that serve as a constant reminder that mathematical accuracy does not always equate to a reasonable value. I have seen erroneous assumptions made by business appraisers that range from illogical disconnects within the valuation to outright errors or unsubstantiated speculation.READ FULL BLOG
Capital Expenditures, Depreciation and Amortization in a Cash Flow Forecast | Kelly Schmid
When valuing a private operating company, an appraiser is likely to use an income approach, either as the main valuation method or in conjunction with another method. Whether the appraiser capitalizes cash flows in a capitalized cash flow (“CCF”) model or uses forecasts of future cash flows in a discounted cash flow (“DCF”) model, they have incorporated both explicit and implicit assumptions into the cash flows used in their model.READ FULL BLOG