Most business disputes are resolved through many hours of negotiations, trial preparation and litigation of the issues. At each stage of the process experts are needed to assist in preparing a convincing and sound position or rebuttal.
The professionals with The Burns Firm provide specialized, technical support services that span the entire litigation process, from pre-complaint through post-trial. We have experience assisting attorneys with complex business, financial, statistical, and tax issues through the entire litigation process.
The investigation and preparation of cases often require attorneys to deal with large quantities of financial and technical evidence, testimony, and documentation — usually under critical time constraints. The professionals with The Burns Firm deal with financial and technical information in their everyday practice as audit, tax or consulting professionals and bring crucial experience and background to your litigation as financial advisors.
Analyze and Manage Financial Information
We identify and evaluate the relevant business and financial records to establish or refute allegations. We will analyze the financial data and present conclusions in terms which are comprehendible to the jury or opposition.
Guide Counsel in Discovery of Opposition’s Financial Data
Oftentimes the case may be expedited or concluded by artfully requesting certain information. This communicates to the opposition the strength and sophistication of the case and the opposing team.
We can contribute technical input to written documents, motions, pleading, briefs, and interrogatories.
Evaluate and Assist in Depositions
We can assist in the formulation of deposition questions, evaluate the significance of deposition testimony, and provide other technical assistance during the taking or giving of depositions.
Prompt analysis and interpretations of the financial data discovered can provide new avenues for questioning and maximize the attorney’s time and attention in a suit.
Prepare Summaries and Financial Documents for Litigation
Preparation of succinct summaries and opinions provides an overview of the financial data for the attorney, eliminating the need to review irrelevant data. We present complex evidentiary material in a manner understandable to juries of laypersons.
Provide Support During Trial
The Burns Firm possesses the depth of personnel for expert witness matters. We emphasize responsiveness that is necessary to effectively and forcefully present an opinion.
Litigation Service Engagements
Damage Studies
We prepare damage studies on behalf of a plaintiff or to rebut the plaintiff’s damage claims on behalf of a defendant. Insurance claims and disputes constitute a large portion of damage studies. The damages may involve quantification of lost profits, revenues or cash flow, lost value of business goodwill or business interruption claims.
Divorce Actions
We assist the attorney in identifying the source and disposition of profits and assets, provide input and analysis for property settlements, or analyze the availability of funds for alimony or child support.
Business Acquisitions
We assist the buyer or seller of a business in analyzing financial data and assist in understanding the accounting and tax implications of the proposed acquisition agreement.
Business Valuations
These engagements determine a value of the business for various objectives.
- Recapitalization of the Business
A recapitalization plan, such as replacing equity with debt obligations, may help in restructuring the business.
- Buy-Sell Agreements
The untimely departure of one of the principals of a client’s business through death, disability, or voluntary/involuntary separation can lead to the demise of his enterprise before an orderly succession can be planned or enacted. To address these contingencies and avoid their resulting consequences, you may wish to enter into a buy-sell agreement with co-owners of their business. We can place a value or provide workable valuation formulas for such an agreement.
- General Business Planning
Business valuations can also be very beneficial when considering such matters as strategic planning, exploring financing alternatives or considering the sale of certain operations.
Litigation Experience
Below are some representative cases of litigation experience for Denis Burns CPA, MS. For a complete list of litigation engagements contact the firm at ashike@theburnsfirm.com or call 972-699-9994.