Insights

Business Valuators Get Help from the Accountants in Valuing Private Company Debt Obligations

The Hancock Firm regularly values debt issued by privately-held companies and other commitments or contingencies involving the private company. When the subject company has financial statements that have been reported upon by independent accountants or auditors, substantive insights into the obligations or alleged obligations may be ascertained. For example, take the following edited excerpt from […]

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S Corporation: To Tax Affect or Not?

Whether valuators of businesses should “tax-affect” or “not tax-affect” an S corporation’s earnings is a controversial issue. The Internal Revenue Service is increasingly scrutinizing taxpayers and their business valuators fail to address the tax-affecting issue in valuations of S corporations. Any valuation of an S corporation (or other pass-through entity) should consider specific adjustments that […]

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Hindsight Should Not Be the Best Sight

The courts, especially the Tax Courts, have frequently employed hindsight to help establish and adopt fair market values for businesses and assets. Hindsight evidence is facts and circumstances that only became known after the valuation date. In many cases, the courts have taken such actions because the business valuator (or real estate appraiser) brought to […]

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Asset Sale vs Stock Sale

Typically, buyers prefer asset sales, whereas sellers prefer stock sales. Buyers like the enhanced tax benefits of asset sales and the less exposure to corporate liabilities, and sellers like stock sales due to less income taxes. An asset sale is the purchase of an aggregation of individual assets. A stock sale is the purchase of […]

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Are You Really Ready to Sell Your Business…

…but you have inadvertently positioned yourself to be a one-person Deal Killer for, what could be, your most important deal in years? Your decision to sell your business to outsiders or to new partners may be motivated by a variety of reasons, including your age, business stagnation, boredom, a desire to sell at the peak, […]

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Hancock Firm | Texas Lawyer Best of Houston 2023: Best Business Valuation Firm and End-to-End Litigation Consultant

  • September 06, 2023
  • News

Hancock Firm is proud to share we were voted 2023 Best Business Valuation Firm and Best End-to-End Litigation Consultant in Houston, Texas. This win marks our fourteenth consecutive year to place in both categories in the annual poll conducted by Texas Lawyer. We are fortunate to serve the business and legal communities, and are humbled […]

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Pickleball Charity Event Sponsorship | Hancock Firm

Hancock Firm sponsored the HYLA (Houston Young Lawyers Association) Leadership Academy’s Pickleball Charity Event supporting Team Catapult at The Bumpy Pickle on Saturday, May 13. Evan Grooms, CPA CVA and Eric Haverkamp CVA®, CDFA® attended. Team Catapult is a 501(C)(3) non-profit entity that aims to connect physically challenged individuals with the opportunities, training, education, accessibility, and funding needed to […]

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Transaction Advisory | Whitefield Plastics Corporation

  • April 12, 2023
  • News

Hancock Firm recently acted as the transaction advisor for Whitefield Plastics Corporation (“WPC”) in the sale of the Company’s assets to Mearthane Products Corporation (“MPC”). WPC is a leading manufacturer of high-performance polyurethane products based in Houston, Texas, and will add to MPC’s growing portfolio of polyurethane manufacturers headquartered in Cranston, Rhode Island. For more […]

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Sponsorship | Willie Nelson’s 2023 Potluck Event

  • March 21, 2023
  • News

Rob and Angie Hancock sponsored and attended Willie Nelson’s 2023 Potluck event benefiting Farm Aid, Wholesome Wave, and the Austin Food and Wine Alliance via the Luck Family Foundation in Luck, Texas on Wednesday, March 15. The Luck Family Foundation provides financial grant assistance and other resources to artists, organizations and programs in need.

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Houston Young Lawyers Association | Hancock Firm Attends First Generation Attorneys Committee Welcome Happy Hour

  • October 12, 2022
  • News

Hancock Firm’s Ben Domingue, Eric Haverkamp CVA CDFA, Evan Grooms CPA* CDFA, and Nicole Stirling CVA attended a happy hour event hosted by the Houston Young Lawyers Association (HYLA) First Generation Attorneys Committee on October 10th at Saint Arnold’s Beer Garden. HYLA is a young professionals’ organization and specialty bar association – learn more about […]

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