Description

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:
  • Eli
    • Think about Universal Basic Income (UBI) as a possibility
  • Jonathan
    • An open letter to businesses about diversity, Utah Business, by Roy Banks

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!