Tips from NACVA Las Vegas

BVWire attended the NACVA conference in Las Vegas that had some great sessions with speakers who generated a slew of new ideas and actionable takeaways.  Example:

Watch what you write, advises Mel Abraham (Practice Builder Academy). You never know where it may end up. He mentions a colleague who, at the request of an attorney, wrote a letter explaining the concept of the blockage discount. Unbeknownst to the writer, the attorneys used the letter as the basis for adjusting a valuation—and the letter got attached to a tax return! Later, when the valuation was called into question, the expert got a surprise phone call asking him to explain what he wrote. The idea here is to state explicitly what the document you’re preparing is for and how it can—and cannot—be used.

For more tips, see the BVWire (free registration required).