Working toward bettering a business
Any business is forced to be face-to-face with tough decisions. It’s inevitable. But rather than facing it alone, tap into a professional’s expertise on the matter. CTBK has a team of consultants who are well-versed in a variety of consulting services:
When searching for the value in a business, quality and meticulousness are top priority throughout the course of the project. CTBK puts forth the utmost experience and professionalism with every business valuation project we take on. Since we first opened our firm’s doors, we have been offering business valuation services to the local region and continue to do so today, branching outside the state lines.
Our team of Certified Valuation Analysts (CVA) is experienced in performing valuations for a variety of purposes, including:
- Partnership and corporate dissolutions
- Minority shareholder issues
- Employee Stock Ownership Plans (ESOP)
- Incentive compensation plans
Experience and lessons learned go hand-in-hand. Our team’s exposure to a range of business valuations have shown our team that poorly conceived and researched valuations can result in unpleasant surprises, including costly litigation. Keep some extra money in your pocket and rely on our CVA team to do the task right the first time around.
A well-prepared valuation can reduce the likelihood of battles with the IRS or other opposing parties. If such a scenario does ensue, presenting a high-quality valuation report as evidence can greatly increase the chance of success. All of CTBK’s valuations meet or exceed professional reporting requirements and thoroughly address all positions taken with the valuation.
We have been providing business valuations for more than 25 years to hundreds of clients in an array of areas including, but not limited to, the following industries: real estate, transportation, architecture and design, pharmacy and medical, entertainment and tourism, construction, agriculture, retail and restaurants, and much more.
Managing for value
Behind every business lies a goal. After all, a goal is the seed planted that grows the business. Now that the business is established, don’t lose sight of the initial goal and others that have branched off from it.
Managing For Value (MFV) is a proven method that guides and tracks a company’s strategic goals and assists leadership in managing and enhancing the overall value. Whether this method can be used to smooth out upcoming transitions in the company’s plan or get it ready for a sale, MFV has been established to assist owners in meeting all business and personal goals.
Benefits of the MFV process:
- Updated long-term goals and objectives
- Action steps proposal
- Historical trends
- Annual summary report with estimated company value, trends and action plan
Mergers and acquisitions
This is the single most important transaction in the history of a business. Feeling the pressure? Our team is equipped to advise a company’s leadership through all the stages of a business’ transition. We offer pre- and post-transaction services to buyers and sellers across numerous industry sectors, private equity firms and other transaction advisors.
Our merger and acquisition services include the following:
- Due diligence of business acquisition target
- Business valuation
- Tax structure options
- Performance improvement opportunities
- Internal controls, processes and systems evaluation
- Favorable deal terms negotiation
- Risk and compliance management
- Estate planning
- Strategic business consulting
- Business process reviews
- Purchase price allocation
- Reverse due diligence
- Quality of earnings report
Because our team crosses many realms of financial work, we have been able to develop methodologies for computing damages and related litigation claims. For cases involving business valuations, marital dissolution, partnership dissolution, and lost earnings and profits, we work closely with the attorneys to understand the nature of the claim and purpose of our engagement from all angles.
- Business valuations
- Forensic accounting
- Computation of damages
- Contract dispute investigation and analysis
- Insurable loss claims
- Bankruptcy and insolvency
- Lost earnings and profits
Our approach involves gaining an in-depth understanding of the case, meeting with the parties and counsel and reviewing relevant detailed documents to compose a summarization of findings in a comprehensive format.
Whether it’s a litigation engagement from assessment through trial or simply an evaluation of reports from other professionals, our valuation team is ready to help in any step of the process that needs attention.
Forensic accounting and fraud examination
CTBK has a proven technique to assess any kind of forensic accounting or fraud investigation case. Our expert services incorporate this technique but also flex to meet any specific need. We work closely with each and every one of our clients in order to understand the nature of the case and assess what’s most needed from our team.
We offer a range of services in this realm, including:
- Forensic audits
- Fraud, money laundering or embezzlement investigations
- Litigation and accounting issues analysis
- Business contract analysis
- Bankruptcy analysis
- Accounting records reconstruction
Take the risk out of office technology
CTBK strives to make a human connection with the community and every one of our clients during this digital day and age; however, that doesn’t take the importance out of technology itself. Every office is equipped with outstanding amounts of technology, no matter what industry it serves. Unfortunately, if left unmonitored, it can turn out to be the company's biggest downfall. In an attempt to help businesses dodge a tech crisis, CTBK has teamed up with Lighthouse Technology Services (LHTS) to offer clients a Technology Risk Assessment and Compliance Testing service.
The IT assessment service covers the following:
Hardware: servers, workstations, printers, routers, etc.; old computers still joined to network domain
Software: systems, service packs, security updates, local accounts, anti-virus or firewall misconfiguration
Configurations: security policy inconsistency across network servers; outbound system access; content filtering
Accessibility: misconfiguration of user access to network shares; detailed breakdown of AD security group membership
Security Risks: old user accounts with access; internal systems with open ports; external issues putting a network at risk of disruption or data loss
Whether a company falls into one of these categories or somewhere in between, rely on CTBK’s collaboration with LHTS to resolve any tech issues at hand.