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Engagement Considerations Tim York

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Engagement Considerations Tim York
Valuation Engagement Planning



Name of engaging party or parties (attorney, subject company, fiduciary, etc.)

___ ____________________________________________________________________



Engaging party or parties’ mailing address, phone number, fax number, and email address:



__ __________________________ ________________________

Street Address Telephone Number

__ __________________________ ________________________

City, State, and Zip Code Facsimile Number



Email Address





Engaging party or parties’ relationship to entity being valued:

___________________________________________________________________________________________



Name of entity or entities being valued: _____________ ________________________________________



___________________________________________________________________________________________



Type of entity: (Check one) ______C Corp ______ S Corp _____ LLC

_____ Partnership



Valuation date(s) __________________________



Percentage or # of Shares Being Valued: _______________________________________________________



Standard of Value: (Check one) _____Fair Market Value _____Investment or Strategic Value

_____Fair Value _____Other

_________________________________

(Description)

Parties relying on valuation (directly and indirectly)

_____ Internal Revenue Service _____ Lending Institution

_____ Possible Purchaser _____ Possible Seller

_____ Shareholder _____ Court of Law

_____ Other _______________________________

(Description)

Engagement Letter Date ________________ Expected Site Visit Date(s) ____________________



Expected Receipt Date of Engagement Letter and Required Retainer _______________________;

$________

(Date) (Retainer)

Expected Receipt Date of Initial Requested Documents

___________________________________________



Projected Report Delivery Date (special requests) ___________________________________________



Primary Subject Company Contact(s) ______________________________________________



Primary Engaging Party Contact(s) ______________________________________________



Estimated Fee Range $______________ Referring party to Dixon Odom

_____________________

Dixon Odom PLLC - Birmingham Office (#65) - Valuation/Lit Budget

ABC Automotive, Inc.



Client: ABC Automotive, Inc. Red = Enter at Job Inception

Date: 11/21/2002 15:20 Blue = Enter Every Tuesday



Actual Actual Actual

Work Budgeted Hours to Anticipated Total

Code Description Hours Date to Finish Hours Variance Comment

5100 BV/Lit (DO NOT USE) - - - 0.0

5605 Initial Data/Egmt Gathering 6.0 6.0 - 6.0 0.0

5610 Company Background 4.0 0.5 2.0 2.5 1.5

5615 On Site Visit 6.0 - 4.0 4.0 2.0

5620 On Site Visit - Travel 6.0 - 6.0 6.0 0.0

5625 Economy/Industry 4.0 - 2.0 2.0 2.0

5630 Financial Analysis 10.0 16.0 - 16.0 (6.0)

5635 Income Approach 3.0 - 2.0 2.0 1.0

5640 Asset Approach 3.0 - 2.0 2.0 1.0

5645 Market Approach 5.0 9.9 2.0 11.9 (6.9)

5650 Premiums/Discounts 2.0 - - - 2.0

5655 Report Preparation 14.0 2.5 8.0 10.5 3.5

5660 Report Review 5.0 - 2.0 2.0 3.0

5665 Data Prep - - - - 0.0

5670 Staff Supervision - - - - 0.0

5680 Valuation Consulting - - - - 0.0



Totals 68.0 34.9 30.0 64.9 3.1





Actual Actual Actual

Budgeted Hours to Anticipated Total

Personnel - By Hours









Hours Date to Finish Hours Variance Comment

John 6.0 2.0 2.0 4.0 2.0

Betsy 8.0 5.0 3.0 8.0 0.0

Bill 3.0 1.5 1.0 2.5 0.5

Margaret 18.0 13.0 5.0 18.0 0.0

William 28.0 13.4 14.0 27.4 0.6

Meg 4.0 - 4.0 4.0 0.0

Tina 1.0 - 1.0 1.0 0.0



Totals 68.0 34.9 30.0 64.9 3.1

Check From Above 68.0 34.9 30.0 64.9 3.1

Variance - - - - 0.0









Budgeted To Date Actual

Personnel - By Dollars









Rate Dollars Dollars Dollars Variance Comment

John $ 250 $ 1,500 $ 500 $ 1,000 $500

Betsy 250 2,000 1,250 2,000 $0

Bill 225 675 338 563 $113

Margaret 135 2,430 1,755 2,430 $0

William 100 2,800 1,340 2,740 $60

Meg 100 400 - 400 $0

Tina 40 40 - 40 $0



Total Production $ 9,845 $ 5,183 $ 9,173 $673



Per Hour Rate 144.78 $ 148.50 $ 141.33 $3.45





Budgeted To Date Actual

Dollars Dollars Dollars Variance Comment

Summary









Total Production $ 9,845 $ 5,183 $ 9,173 $673

Fee Quote $ 10,000 $ 10,000 $ 10,000 -



Gain (Loss) $ 155 $ 4,818 $ 828 $673



Efficiency 102% 193% 109%


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