Hyde Valuations, Inc ® www.NamasteGraphicDesigns.com
A valuation professional often serves as either an expert witness or as a consultant. Expert witnesses are often used in situations such as the following:
Things to check before hiring an expert witness or consultant include:
- Does the appraiser have expert witness experience?
- What professional designations does the appraiser hold?
- Has the appraiser received continuing education particularly in the area needed?
- How long has the appraiser been performing business valuations?
- Has the appraiser published articles, taught classes and lectured on business appraisal topics?
- Reviewing the valuation clause in a buy-sell agreement.
- Review of other expert's work.
- Interpreting a company's financial statements and other information.
- Exploring the strengths and weaknesses of both sides of the case.
- Determining which discovery documents may be useful or necessary for analysis.
- Developing questions to ask opposing expert or principals regarding valuation facts and issues.
As a consultant, a valuation professional is free to act as an advocate for the attorney. In a business appraiser and expert witness role, the appraiser must not be an advocate for either side.
HYDE VALUATIONS, INC
Business, Real Estate, and Machinery & Equipment Appraisals