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![]() Staff Profiles |
Stock Option Valuation Business Valuation Tax &Accounting Consulting |
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Principals Richard Wright, CPA, Managing Partner Mr. Wright
is the Managing Partner of Wright, Kirby & Company. He is an
expert in business valuation and in the financial structuring of
companies. Richard has extensive experience in evaluating and
managing start-up companies and he is an expert accounting witness
in litigation and arbitration cases. He received his Master of
Valuation Science degree from Lindenwood University and a BS in
Management from Golden Gate University.
Stephen Kirby, CPA, Partner and Chief Operating Officer of Ledger Systems, Inc. Mr. Kirby is the Chief Operating Officer of Ledger Systems, Inc., a wholly owned subsidiary of Wright, Kirby & Company that specializes in computer network systems and ISP services. Under Mr. Kirby’s direction, Ledger has designed and implemented over 250 complex network systems. As an independent Internet Service Provider, Ledger provides web hosting, web development, e-commerce, and e-mail services to a host of business clients. Steve’s accounting background and expertise in computer applications enables WKC to provide a unique combination of accounting services. He received his BS in Business/Accounting from San Francisco State University.Hans P. Schroeder, Senior Consultant to Wright Kirby & Co., Founder, President of Business Equity Appraisal Reports Hans has been active in valuation of closely held businesses nationwide since 1987. Hans both performs valuations for business owners, and provides data and computer support to other valuation professionals. Services to valuation professionals include retrieval and analysis of public company, industry, and stock market information; and computer processing to assist in the preparation of valuation reports. Hans maintains a large library of valuation related databases and references and has participated directly or indirectly in several thousand valuation assignments in more than 400 industries. In addition to valuations of common equity, Hans has participated in valuations of stock options, preferred stock, corporate notes, limited partnership interests, and fairness opinions for SEC reporting purposes. Hans has a special interest in the valuation of technology and intellectual property, and has prepared hundreds of valuations of early-stage high-technology ventures. In addition, he has performed several hundred valuations for SBA lenders in connection with sales and purchases of businesses nationwide. Perhaps half of his valuations have been for estate or gift purposes, approximately 10% are for ESOPs, and the balance are primarily related to the purchase or sale of fractional interests or an entire business. He has considerable experience in valuing technology and intellectual property, and the operations of high-tech businesses, and has been involved in many valuations of Silicon Valley companies for mergers, acquisitions, estates and gifts, ESOPs, restructuring and bankruptcies. Particular high-tech industries include computer software, technical staffing, electronics distribution, and manufacturing of semiconductors, semiconductor equipment, modems, disk drives, terminals, input devices, circuit boards, and so on. He has recently completed the twenty-first in a series of studies of discounts applied to Family Limited Partnership interests, which indicated that discounts may run as low as 20% to as high as 70-80% in some cases. A paper describing the first study and the results was published in Trusts and Estates in February, 1996. As part of the study, he prepared a database of trading information concerning syndicated limited partnerships which was the basis for the paper, and which is now being used by numerous appraisal firms nationwide, and the IRS.
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