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Posts by Richard Wolf

A Tale of Two Valuation Reports With Two Different Values: What's an Attorney to Do?

In a recent case, Gross Mendelsohn was asked to value a franchisee with three separate locations, including an unused license for a fourth location. During early 2010, there was a disagreement between the four franchise owners regarding the expansion of...
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Fraud in Focus: How Jonathan Schwartz Embezzled $7 Million

I recently read a letter published by former business manager, Jonathan Schwartz. “I am writing this open letter to you,” he said, “so that you can learn from my mistakes and never find yourself in the situation I am now in.” Schwartz recently pled...
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5 Reasons Why Every Nonprofit Needs a Strategic Plan

Strategic planning is one of those activities most nonprofit leaders know is important, but don’t always make the time for. Let’s face it – with limited resources, you often have to decide whether to put out today’s fires or plan for the future. We’ve...
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From “Eh” to “Awesome!” – How to Become a Great Nonprofit Board Chair

Being the chair of a nonprofit board of directors comes with a laundry list of responsibilities. Not only are you responsible with overseeing the board as a whole, you’ve also got committees to keep track of, board members to keep focused and energized,...
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5 Lessons to Learn From a Nonprofit That Lost $160K+ In Employee Fraud

There is always a lesson to be learned in the experience of another nonprofit, especially when it comes to fraud. Nonprofits frequently lack the strong controls and policies to ensure their organization is fully protected against employee fraud, making...
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Valuing Goodwill In a Divorce: Personal vs. Enterprise Goodwill

When valuing a business as part of a divorce proceeding, it’s critical to understand the distinction between personal and enterprise goodwill. Knowing how to distinguish between the two could have a significant impact on the financial outcome of the case.
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