The latest issue of our "Insights on Valuation" newsletter is now available. Arxis Financial, Inc. is pleased to provide this highly respected, nationwide publication which features valuable information that is applicable to many litigation matters. Topics in this issue include:

• Long-Term Growth -- Have the Assumptions Changed? -- The difference between a capitalization rate, used to value a single sum, and a discount rate, used to value varying future benefit streams, is the expected long-term growth rate. Most valuators of business and economic damages use historic inflation or historic growth in Gross Domestic Product as the basis for their projection. Many use both as support for their estimate. Short- to mid-term expectations are that both of those measures are going to be very different than those to which we have become accustomed. The question is how much should current developments and expectations impact the long-term growth estimate? And, what happens when those two indicators go in opposite directions? ...

• Buy-Sell Agreements between Business Partners - Businesses are often started by two or more people -- with capital and personal effort from each owner. The partners trust each other implicitly and happily share the fruits of their joint undertaking. The business grows and becomes something of value. They envision that they will someday sell the business, retire, and remain close friends forever. Unfortunately, things can happen to alter the course of this happy plan. Injury, sickness, disability, or death may visit one of the partners. Some may come to believe that one of the partners is no longer pulling his or her weight. Any number of lifechanging circumstances may lead to one of the partners exiting the business early, either by choice or by force ...

• Economic Damages for Personal Injury and Wrongful Death -- Many cases involving personal damages may require a Certified Valuation Analyst's (CVA) services to quantify the net economic losses sustained by the injured party. Specifically, CVAs are called upon to estimate the net present value of monetary losses, such as lost earnings, lost fringe benefits, household services, and medical expenses. Many cases involving personal damages may require a Certified Valuation Analyst's (CVA) services to quantify the net economic losses sustained by the injured party. Specifically, CVAs are called upon to estimate the net present value of monetary losses, such as lost earnings, lost fringe benefits, household services, and medical expenses ...

Chris Hamilton's speeches in November include:

• "Valuation - Income and Asset Approach," National Association of Certified Valuation Analysts, Houston, TX
• "Advanced Valuation - Income Approach and Cost of Capital," National Association of Certified Valuation Analysts, Houston, TX
• "Two Views of Business Valuation," Financial Valuation Group, National Webinar

The Business Valuation practice is headed by partner Chris L. Hamilton, CPA, CFE, CVA. Mr. Hamilton is a Certified Public Accountant, Certified Fraud Examiner, Certified Valuation Analyst, and a Diplomate with the American Board of Forensic Accounting. Mr. Hamilton has published articles in several publications, and has made presentations at national conferences, training institutes and seminars on topics including forensic accounting, fraud and business appraisal.