In Episode #86, we are joined by Eli Neal, principal at 4 Corners Financial Forensics. We discuss:
- How IRS 280E impacts cannabis business valuations, especially retail marijuana shops.
- What factors are key in determining cannabis business value, whether you are using the income, market, or asset approach.
- What do you do when your business partners do not keep good financial records and how to recreate financial statements from receipts and bank statements (if there are any).
- How Eli developed clientele in his mid-20s when competing with larger accounting firms.
- The bet way for business owners to avoid a valuation fight (hint: the shotgun approach generally works best with one joint appraisal rather than competing appraisals)
- Listening, and watching recommendations from:
We’ll see you next week for another exciting and informative episode when we sit down with Federico A. de Jesús, Principal at FDJ Solutions!