For valuation purposes, the single common element that separates both professional practices and personal service companies from other types of businesses is their overwhelming dependence on goodwill to build and sustain a customer base. For this reason, valuing the small business Professional Practices and Professional Service Companies can be challenging. However, in times of divorce, death and/ or restructuring we, as accounting professionals, may often be required to do so or to at least guide our clients on what to consider when engaging an independent professional to value said business. In this training we will cover the most important factors to consider when valuing these types of businesses and we’ll have a look at the generally accepted valuation methods used to value these types of businesses.

This session will cover the following: ● The uniqueness of Professional Practices and Professional Services Companies ● Goodwill as the main asset of the Professional Practices and Professional Services Companies ● Measuring goodwill for valuation purposes ● Financial Analysis Considerations ● Valuation Methods generally accepted and used in practice ● Valuation Calculations

All accounting professionals, who: ● offer business valuation services to the Professional Practices and/ or Professional Services Industry ● have clients who run Professional Practices and/ or Professional Services Businesses ● want to know more about the unique considerations that need to be taken into account when valuing a Professional Practice and/ or Professional Services Business