Mr. Bingham has over 35-years experience in business appraisals, accounting, financial analysis, and merger and acquisition activities.

As a Business Appraiser, Mr. Bingham is qualified by virtue of his training, skill, experience, and professional credentials to perform valuations of operating and holding companies and professional practices. He has performed the following types of valuation and financial assignments: buy-sell and restricted stock agreements, dissenting shareholder and shareholder oppression actions, estate and gift taxes, intangible assets, marital dissolutions, damage cases – lost profits, purchase price allocations, and solvency opinions.

Mr. Bingham has performed business valuations and financial assignments in the following industries:

• Manufacturing – aluminum foundry, computer equipment, industrial pumps, leather gloves, machine shop, medical equipment and anesthetics, mini steel mill, pollution control equipment, residential lighting, and tree-trimming equipment;
• Construction – concrete/masonry, drywall, electrical contractor, equipment rental, and swimming pool & spa; Retail – batteries, optical;
• Wholesale/Distribution – apparel, building hardware and plumbing, heating and air conditioning, industrial machinery, MRO supplies, restaurant supplies, and wood products;
• Services – architectural signage, business consulting, child-care, digital mapping, graphic design, information storage and retrieval, legal practice, medical practice, mortgage banking, software, travel agency, warehousing and fulfillment services, and veterinary practice;
• Dealership – automobile; and Other – salt mine, aviation maintenance.

PROFESSIONAL DESIGNATIONS

Mr. Bingham is a Master Certified Business Appraiser (1997 – 2014). The MCBA is a professional designation awarded by The Institute of Business Appraisers. To be accredited as a MCBA requires specialized training, the successful completion of a proctored examination, and a favorable review of two business appraisal reports demonstrating professional competence by The Institute of Business Appraisers’ Qualification Review Committee. To maintain certification, a MCBA must adhere to continuing education requirements and periodic recertification as required by the IBA.

Mr. Bingham is an Accredited Senior Appraiser (ASA) awarded by the American Society of Appraisers. An individual receiving the ASA designation must have a minimum of 10,000 hours of business valuation experience and pass a peer reviewed valuation report.

Mr. Bingham was also Certified in Financial Management (1997 – 2006) and as a Certified Management Accountant (1976 – 2006). The CFM and CMA designations are nationally recognized certifications for financial managers and management accountants and require completion of a comprehensive series of tests on corporate financial management (including the valuation of stocks, bonds, and derivative securities), management reporting and analysis, decision analysis, economics, and management. The Institute of Management Accountants awards the CFM and CMA designations. To maintain certification, a CFM/CMA must meet specified continuing education requirements.

ARTICLES AND PUBLICATIONS

• An Analysis of Discount for Lack of Marketability Models and Studies, published in Business Appraisal Practice, Third Quarter 2011.
• Fair Value Measurement Using FASB 157, published in Valuation Viewpoint, Summer 2007.
• Major Issues Associated with the Valuation of a Business in a Divorce, published in American Journal of Family Law, Volume 18 Number 3, Fall 2004.
• Appropriate Use of Pre-IPO Marketability Studies: An Answer to Dr. Bajaj, published in Business Appraisal Practice, Fall 2003.
• Challenges of Valuing an S Corporation in the Gross Environment: The Continuum Model as a Solution – A Valuation Overview, published in Valuation Viewpoint, Summer 2003.
• Impairment of Intangible Assets & Goodwill – A Valuation Overview, published in Valuation Viewpoint, Spring 2003.
• The Business Description: A Linchpin to Value, published in Business Appraisal Practice, Fall 2002.
• The Appraiser as an Expert Witness: Courtroom Do’s and Don’ts, published in Business Appraisal Practice, Winter 2000-2001.
• Back and Forth: Response to Six Impertinent Questions, published in Business Appraisal Practice, Summer 2000.
• Divorce Valuations in Minnesota, published in Valuation Viewpoint, Summer 2000.
• Family Limited Partnerships – Valuing Limited Partnership Interests, published in Business Appraisal Practice, Winter 1999.
• Making Persuasive Presentations in Court, published in Business Appraisal Practice, Fall 1999.

SPEAKING AND TEACHING ENGAGEMENTS

Speaking Engagements

• “Appraising the Googlewack”, The Institute of Business Appraiser’s 2007 National Symposium.
• “Challenges in the Gross Environment – The Continuum Model as a Solution”, The Institute of Business Appraiser’s 2003 National Conference, June 2003.
• “The Experts Beg To Differ – a panel discussion”, The Institute of Business Appraiser’s 2000 National Conference, February 2000.
• “Recent Developments”, The 9th Annual Business Valuation Seminar sponsored by The American Society of Appraisers, The North Central Chapter of The Institute of Business Appraisers, and The University of St. Thomas, May 1999.
• “Merger and Acquisition Valuations Compared With Fair Market Value Appraisals”, sponsored by the North Central Chapter of The Institute of Business Appraisers, March 1998.

Teaching Engagements

• The Institute of Business Appraisers “Comprehensive CBA Workshop”, Chicago, IL, Oct 2012. Instructor.
• The Institute of Business Appraisers “Comprehensive Certified Business Appraisers Workshop”, Dallas TX, Sept 2010. Instructor.
• The Institute of Business Appraisers, “Mastering Appraisal Skills”, Phoenix, AZ, February, 2009. Instructor.
• The Institute of Business Appraisers, “Mastering Appraisal Skills”, St. Louis, MO, February, 2008. Instructor.
• The Institute of Business appraisers, “Advanced Case Studies”, Las Vegas, NV, January, 2008. Instructor.
• The Institute of Business Appraisers, “Mastering Appraisal Skills Workshop”, Minneapolis, MN, August 2004. Instructor.
• The Institute of Business Appraisers, “Preparing for the CBA Exam”, Orlando, FL., May 2001 and Phoenix, AZ, November 2001. Instructor.
• The Institute of Business Appraisers, “Discount and Capitalization Rates”, Phoenix, AZ, November 2001. Instructor.
• University of St. Thomas, Master of Science in Real Estate – “Business Valuation Case Study”, June 2000. Ad Hoc Professor.

COMMITTEE POSITIONS AND MEMBERSHIPS

• Member – Qualifications Review Committee of the IBA, 1999 – 2007
• Associate Editor – Journal of Business Appraisal Practice, 1999 – 2004
• Member – Editorial Review Committee of Business Appraisal Practice, 1998 – 2004
• President – Board of Directors of the North Central Chapter of the Institute of Business Appraisers, 2000-2001; Member of Board of Directors, 1999-2001
• Member – The Institute of Business Appraisers, 1997 – Present
• Member – The North Central Chapter of The Institute of Business Appraisers, 1997 – 2003
• Member – The Institute of Management Accountants, 1976- Present

PROFESSIONAL ACHIEVEMENTS

• Named IBA Instructor of Exceptional Distinction 2008-2009 – June 2009
• Winner of the Best Article of the Year in Business Appraisal Practice – May 2001.

OTHER PROFESSIONAL ACTIVITIES

• Co-Authored Introduction to Business Valuation (two-day course) – 2010
• Co-Authored Essential Understanding of Business Valuation (three-day course) – 2010
• Co-Authored Comprehensive CBA Five-Day Workshop – 2010
• Book manuscript reviewer “Ethics Reference Guide for Expert Witnesses” by Dr. Laura J. Tindall.