On March 10, 2023, the banking industry was rocked by the collapse of two major institutions: Silicon Valley Bank (SVB) and Signature Bank. SVB, once ranked as the 16th largest bank in the United States, made history as the second-largest bank to fail in the country. Its investments in….
Understanding the intricacies of business valuation is critical when buying or selling a business. Read this article to learn more. What Is a Business Valuation? A business valuation is the process of determining the economic value of a business or company. It’s typically conducted by an independent third-party professional appraiser….
On November 7th, Sam Bankman-Fried had an estimated $16 billion fortune, largely invested in cryptocurrencies. By the end of the week, that fortune was gone. According to Bloomberg, it was one of “history’s greatest-ever destructions of wealth.” It occurred alongside the collapse of his crypto exchange, FTX, an event that….
While it may seem like a simple game of numbers, business valuation is actually a complex process. Determining a company’s value depends on a number of different factors: some obvious and some less straightforward. Beyond that, the approach to business valuation can change depending on who is carrying out the….
The Crossing for Cystic Fibrosis is an incredible event where participants embark on an 80 mile journey across the Gulf Stream from Bimini in the Bahamas to the Florida mainland, on paddle boards. This long-distance endurance paddle challenge and international championship race is one of its kind, inspired by the….
Performing a business valuation is complicated, to say the least. From varying formulas to varying investor interests, a company’s value is largely dependent on revenue trends, industry and customer concentration, profit margins, EBITDA, personnel, and competitive advantages. But that’s not all that matters. Entrepreneurs must knock their pitch out of….
With significant rounds of fundraising over the last 10+ years, the market is bracing itself for a massive wave of IPOs. This wave is the result, in part, to the last decade of trillions of venture capital dollars directed to startups. Ernst & Young noted that 2021 gave us the….
With cryptocurrency on the rise, even invading the NBA with the rename of the Staples Center to Crypto.com Arena, the use of cryptocurrencies are becoming commonplace in lives of Americans. Cryptocurrency, or just a digital currency that can be used to buy goods and services, has created a need for….
With less resources to dedicate to cyber security attacks, small businesses are especially vulnerable to these threats. According to the National Small Business Association, one in five small businesses will face a cyber security attack, with the average attack costing a business $9,000. Unfortunately, the majority of small businesses do….
What Was the Enron Scandal? At one point in history, Enron was one of the most powerful companies in the United States. The Houston, Texas based energy company was applauded for its expansions and ambitious projects, earning the title of “America’s Most Innovative Company” by Fortune for six consecutive years….
Ellrich, Neal, Smith & Stohlman, P.A. was formed in 1988. Based in northern Palm Beach County, Florida, we serve clients throughout the state. The firm’s original founders are W. David Ellrich, Jr. and Becky B. Moore.
