Fairness Opinions: When They Matter and Why
05
Mar
Fairness Opinions, Financial Advisory

Fairness Opinions: When They Matter and Why

Three weeks before a board vote on a management-led buyout. The terms are reasonable. Management has been transparent. Then board counsel asks the question that changes everything: "Do we need a fairness opinion?"  The answer isn't obvious, and it matters more than most boards realize. Not because fairness opinions are required by…
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Unlocking the QSBS Advantage: 2026 Update to Section 1202 Planning Guide   
04
Mar
Valuation

Unlocking the QSBS Advantage: 2026 Update to Section 1202 Planning Guide   

Recent legislative changes have significantly expanded the economic impact of Qualified Small Business Stock (QSBS) for stock issued on or after July 4, 2025. While Section 1202 has existed for decades, the post‑2025 regime introduces greater flexibility, higher exclusion limits, and broader issuer eligibility, while materially increasing complexity, documentation requirements, and…
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Best Practices for Year-End Audit Preparation for your Investment Fund
26
Feb
Financial Advisory, Valuation

Best Practices for Year-End Audit Preparation for your Investment Fund

Authored by Monica Blocker, Director, Houlihan Capital & Herbert M. Chain, CPA, Director, CBIZ Advisors  As the year-end audit season approaches, proactive planning for the annual financial statement audit is essential. The audit process can be complex and demanding, but with careful preparation, your investment firm can not only meet reporting deadlines, but also make the process less “painless”. Below are practical insights and strategies to help you lay the…
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A Modern Guide to Purchase Price Allocation
25
Feb
Valuation, Whitepapers

A Modern Guide to Purchase Price Allocation

Introduction  Purchase Price Allocation (“PPA”) has evolved from a compliance exercise to a strategic financial reporting decision. Recent SEC comment letter trends, paired with heightened IRS scrutiny of IRC Section 197 classifications, mean that methodology choices made at acquisition can influence financial outcomes years into the future. Understanding these implications helps companies avoid costly…
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Audit Season FAQs for VC Funds
25
Feb
Venture Capital, Webinars

Audit Season FAQs for VC Funds

Audit season can be one of the most challenging times of year for venture capital funds like yours, especially when you’re navigating fair value reporting for illiquid Level 3 investments. Questions around valuation timing, documentation, and ownership often surface late in the process, putting added pressure on your finance team when timelines…
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