Sofer Advisors hosted a Q&A panel featuring David Hern discussing how heavy owner dependence can impact business value and the transition process.

Sofer Advisors specializes in services for financial reporting, tax valuation, litigation support, succession planning and consulting. Founded in 2019, the company provides financial and valuation services for the ​following industries: construction, dealerships, franchise organizations, healthcare, insurance, life sciences and more. Our team strategically enables organizations to decide their enterprise and equity value. Our background with financial reporting allows companies to focus on running their business while we take care of the challenging work. We provide many organizations with detailed independent valuations to stand up to any attestation review. Much of our business is based on valuations for closely-held businesses for estate and tax planning purposes. Fair Market Value (FMV) is the price that property would sell for on the open market. The willing buyer and seller would need to agree on the amount, with neither to act, and both have a reasonable knowledge of relevant facts. Our consulting services ensure you get the right valuation and financial information necessary to take the right steps for your business. Research shows that as many of half of all businesses may not have a correct idea of their actual worth. Analytical support is one of our key services and provides support in litigation cases involving the calculation of damages. These may have been incurred through breach of contract, fraud, misrepresentation, or other matters needing specialized financial analysis and expertise. The goal of any good transition is to create opportunity, whether it is the sale of the business to another business, a transfer to a family member, or an incentive plan for employee ownership.

Founded 2019