about michael ...
In 2005 I received my CPA license. My work experience includes working in public accounting and for publicly traded companies in accounting and information technology roles.
In 2011 I started valuing businesses. I hold two designations in business valuation. I am trained in exit and transition planning. My work experience allows me to understand how businesses operate, what they are worth, and what options owners have.
When you get close to transitioning your business to someone else, you have lots of questions. I want to help you answer the questions. Before going through a business transition, having an exit/transition plan is vital for a successful transition. Contact me to talk about your transition out of your business and how we can build your Exit Plan.
Michael Philipp, CEPA, CVA, BCA
about michael, More Information
When I perform valuations in litigation settings, I will be asked to provide my Professional Qualifications. Below is an abbreviated version of my qualifications:
Michael Philipp, CPA, CVA, BCA, CEPA
Mr. Philipp is a Certified Public Accountant in Colorado and the owner of Valuation Consulting Group, LLC, a Colorado Public Accounting Firm that provides business valuation and litigation support services. He graduated with a Master of Accountancy degree from the University of Central Arkansas (2003), and he received a German MBA equivalent degree in Economics (1995) from the University of Kassel, Germany. His work experience includes practicing public accounting on the staff of an international CPA firm, working for international companies in accounting and information technology-related areas, and providing professional services as a Colorado Certified Public Accountant.
Mr. Philipp specializes in business valuations for litigation support. He obtained his initial CPA license in 2005 in the State of Arkansas and received his Colorado CPA license in 2007. He also holds the Certified Valuation Analyst (2010), Business Certified Appraiser (2019), and Certified Exit Planning Advisor (2021) credentials.
To provide assurance that business valuation service providers are experienced, tested, and certified, the National Association of Certified Valuators and Analysts provides the Certified Valuation Analyst (CVA) program. To earn the CVA designation, the individual must:
• Must meet qualification standards – for example, be a licensed CPA.
• Complete demanding business valuation training that focuses on the rigorous standards of professionalism, expertise, objectivity, and integrity in the field of business valuation.
• Pass a rigorous written examination and successfully complete a peer-reviewed Business Valuation Case Study.
To maintain the CVA credential, the CPA must meet re-accreditation requirements every three years, including related Continuing Professional Education courses in the discipline.
In 2021 Mr. Philipp joined Sunbelt Business Brokers of Western Colorado as an independent business broker. To practice as a business broker in Colorado, the person needs to hold a Colorado Real Estate Broker License. One of the services that Mr. Philipp offers is exit planning.
Mr. Philipp also teaches classes at Colorado Mesa University in Grand Junction, Colorado, since 2012. Courses taught at the undergraduate level include Introduction to Financial Accounting, Introduction to Managerial Accounting, Managerial Finance, Entrepreneurial Finance, Personal Finance, Cost Accounting, Accounting Information Systems, and Governmental and Non-for-Profit Accounting. Courses taught at the graduate level include Managerial Accounting and Advanced Fraud and Forensic Accounting.
Professional Affiliations:
American Institute of Certified Public Accountants (AICPA)
AICPA - Forensic & Valuation Services Section
Colorado Society of Certified Public Accountants
National Association of Certified Valuators and Analysts
International Society of Business Appraisers
International Business Broker Association
Exit Planning Institute
Valuation Experience includes:
Family Law Support
Estate & Gift Tax
Charitable Donation
Business Sales
Expert Testimony
Mr. Philipp has given expert testimony in Mesa, Garfield, La Plata, and Montrose Counties.
Publications
Business Valuations in Divorce: What you need to know before splitting a business
Divorce Financial Analyst Journal
Institute of Divorce Financial Analysts, Durham, NC
July – September 2018
Alimony Then and Now: Adjusting to the Tax Changes for 2019 (Co-Author)
Divorce Financial Analyst Journal
Institute of Divorce Financial Analysts, Durham, NC
October – December 2018
Presentations
Personal Finances and Matrimonial Standard of Living
2019 IDFA National Conference
Nashville, Tennessee
May 7, 2019
Business Valuations in Litigation
Pitkin County Bar Association
March 23, 2022