March 2012, Volume 17, Number 6

Posted on March 1, 2012  

MABVP MONTHLY UPDATE – March, 2012 Volume 17, Number 6

This Month’s Meeting Information: Joint Meeting with ASA

Date: Monday, March 12, 2012.

Place: Offices of Grant Thornton

500 US Bank Plaza North/200 South Sixth Street/Minneapolis, MN 55402

Time: Noon – 1pm

Conference Wrap-up

Continuing education certificates were emailed last week. If you did not receive one, or the information is incorrect, please contact Dennie ( We had very positive feedback regarding the use of electronic invitations and reminders, Pay-Pal registration, and accessing course materials via download from a secure site. Our financial situation looks good at this point in time. Expenses for hotel, airfare, food, graphics/artwork, speaker remuneration, and Constant Contact were within budget. Support staff “hands on “ time was higher than in the past, but that cost was easily offset by reductions in print set up (no cost), printing, and mailing (no cost) expenses.

This Month’s Topic:

Bob Strachota will address attendees at the joint ASA/NCCIBA meeting regarding the current development status of the non-profit entity, Business Data Network (BDN). In the past, Bob and others have discussed the advantages of setting up a database for local business appraisers and brokers that is similar to the system currently available for real estate appraisers and brokers (ADN).

The BDN concept is intended to provide a valuable resource for all business valuation professionals in Minnesota. This particular meeting is a follow up to prior meetings and presentations conducted over the past several months. The intention of this meeting is to provide an in-depth Q&A with members of the ASA/NCCIBA in order to obtain input and to determine the membership level of interest in supporting and funding further development. Plus, it’s just good fun to see everyone again.

Looking ahead:

April 2012 No meeting

May 17, 2012 Webinar and discussion of recent academic attacks on valuation discounts