NACVA in-depth
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NACVA's Press Room
Welcome to the National Association of Certified Valuation Analysts’ online press room. As you get to know NACVA, you will come to find our service to the community goes to the underpinning of our society’s wealth: privately owned business enterprise. The five million businesses generating over $100,000 in annual revenue and over 15 million businesses generating under $100,000 provide most of America’s employment and are known to be worth many trillions of dollars. In fact, it is estimated that $10 trillion dollars in privately owned business capital will pass to a new generation over the next ten years as the baby boomers retire. NACVA’s service to the community is to provide the training and certification of professionals to appraise the value of these businesses, which is a very complex process.
Businesses need to be valued for many reasons, including:
1) Estate Tax
2) Gifting Programs
3) Divorce
4) Partner Split-Ups
5) Purchase or Sale of a Business
6) Mergers and Acquisitions
7) Employee Stock Ownership Plans (ESOPs)
In a nutshell, we support the users of business and intangible asset valuation services and financial forensic services, including damages determinations of all kinds, as well as fraud prevention and detection. We support users by training and certifying financial professionals in these disciplines (over 15,000 trained). We further support our members by providing them collateral support such as continuing professional education, an association magazine for professional development, research services, and software and databases to help them more effectively and efficiently provide these services. Members of this Association must comply with standards and guidelines in the provision of their services, and they must periodically recertify to maintain credentialed status.
NACVA’s primary accomplishment since inception in 1990 is that we have helped to bring order, discipline, standards of professionalism, and consistency to what was originally a fledging discipline. We have significantly raised awareness and appreciation for the services our members provide within the business and legal communities—the primary users of these services. Our members are vital in their local community and reach out to increase awareness for their services. They do this through participation in our State Chapters programs, our Speakers Bureau, and by listing themselves in our Credentialed Member Directory to make themselves easily accessible to those who may need their services. A large percentage of what has been published in this discipline—training, articles, and books—since 1990 came from within NACVA’s ranks.
For the future, we plan to carryon with our chosen path, which means continuing to build membership, increasing our presence and awareness within the user communities, and adding more training on top of our 70-plus courses to support our members’ insatiable need for more knowledge in the rapidly evolving fields of business valuation and the related area of financial forensics.
Parnell Black, MBA, CPA, CVA, Chief Executive Officer
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