Valuation | Houlihan Capital

Personal Goodwill in Business Transactions: Not Just a Valuation Question — A Planning Imperative

28

May

101 Guides, Valuation

Personal Goodwill in Business Transactions: Not Just a Valuation Question — A Planning Imperative

Consider a professional services firm where three client relationships — each cultivated personally by the founder over fifteen years — account for 65% of annual revenue. The contracts are month-to-month. The clients call the founder directly. No formal account management structure exists. When this business goes to market, what is…

Preparing for a Sale: What to Expect from a Sell-Side Advisor

28

Apr

Financial Advisory, Valuation

Preparing for a Sale: What to Expect from a Sell-Side Advisor

Framing the Decision to Sell For many founder-owned businesses, a sale represents one of the most significant financial and strategic decisions an owner will make. It is often the culmination of years, if not decades, of effort, risk-taking, and reinvestment. Despite its importance, most founders go through the process only once. Unlike…

Cannabis Rescheduling Is Here. What It Means for Business Valuations.

27

Apr

Cannabis, Valuation

Cannabis Rescheduling Is Here. What It Means for Business Valuations.

On April 22, 2026, the Acting Attorney General issued a final order reclassifying FDA-approved marijuana products and state-licensed medical marijuana from Schedule I to Schedule III under the Controlled Substances Act. A formal DEA hearing on broader cannabis rescheduling is scheduled to begin June 29, 2026. This is the most…

409A Valuations: Strategic Considerations for Private Company Equity Compensation

24

Apr

Valuation

409A Valuations: Strategic Considerations for Private Company Equity Compensation

The Growing Importance of Equity Compensation Discipline For many private companies, 409A valuations are treated as a compliance requirement, completed to support option grants and satisfy regulatory expectations. However, when the process is approached as a periodic checkbox rather than a strategic input, it can introduce avoidable friction across the…

Portfolio Valuation Under ASC 820: A Practical Framework for Fund Managers

23

Apr

101 Guides, Valuation

Portfolio Valuation Under ASC 820: A Practical Framework for Fund Managers