JERRY F. GOLANTY, MCBA, BVAL
CURRICULUM VITAE

PROFILE

Jerry F. Golanty is the President of BizVal, a Reno, Nevada based business valuation and consulting firm. He is Nevada's only Master Certified Business Appraiser (29 in the country) and Business Valuator Accredited in Litigation (48 in the country). BizVal's primary valuation activity is in the States of Nevada and California.

Mr. Golanty is the South West Region Governor of the Institute of Business Appraisers (Nevada, California, Arizona, Utah, Hawaii, the Far East) and the exclusive member for Nevada and Northern California of National Business Valuation Group, a consortium of independent valuation experts who hold professional valuation credentials conferred by the Institute of Business Appraisers or the American Society of Appraisers.

He has owned business valuation firms, business brokerage firms, and investment real estate and property management firms for over 40 years in California and over 27 years in Nevada, and has qualified as an expert in valuation and business brokerage in the District Courts of Nevada, the Superior Courts of California, and the U.S. Bankruptcy Courts.

Mr. Golanty is a recognized educator in Continuing Legal Education, Continuing Professional Education, and Continuing Education in Real Estate. His articles have appeared in leading business and legal publications.

AREAS OF SPECIALIZATION

As an MCBA and BVAL, Mr. Golanty is a recognized expert in the valuation of closely held businesses and professional practices with emphasis on litigation support (marital dissolution, stockholder/partner disputes, minority interest disputes, bankruptcy, insurance defense, condemnation), probate, estate and business planning, buy/sell agreements, acquisitions, divestitures and exchanges. His expertise includes strategic support in discovery, depositions, settlement conferences, trial preparation, and trial, and critical review and assessment of other expert's opinions and work product.

In 2006 Mr. Golanty was selected by the Institute of Business Appraisers (IBA) to serve as a Director on the North American Business Valuation Standards Council. The Directors represent the five professional organizations in North America (four United States, one Canadian) that certifies/accredits business appraisers.

He is a recognized expert in businessbrokerage and was Nevada's first Certified Business Intermediary (CBI) as conferred by the International Business Brokers Association (IBBA). In 2006 he was named to a special task force that developed the Business Brokers Permit examination for the State of Nevada. In Feb. 2007 he was invited to join a special study group that will review Nevada's new law regulating business brokerage.

PROFESSIONAL DESIGNATIONS

CERTIFIED BUSINESS APPRAISER (CBA)

• Institute of Business Appraisers

MASTER CERTIFIED BUSINESS APPRAISER (MCBA)

• Institute of Business Appraisers (Advanced IBA designation)

BUSINESS VALUATOR ACCREDITED IN LITIGATION (BVAL)

• Institute of Business Appraisers (IBA)

PROFESSIONAL ORGANIZATIONS

INSTITUTE OF BUSINESS APPRAISERS (IBA)

• Certified Business Appraiser: 1986 - 1999
• Master Certified Business Appraiser: 1999 - present
• Member, Qualifications Review (Peer Review) Committee: 1986 - 1990
• Public Relations Chairman, State of Nevada: 1993 – 1998
• GOVERNOR, SOUTHWEST REGION: 1998 - present
• Nevada, California, Arizona, Utah, Hawaii, Far East-Hong Kong
• (500+ members in Region)
• National Conference, Host Governor, 2000, Chandler, Arizona
• National Conference, Host Governor, 2004, Las Vegas, Nevada
• Chairman, Transaction Data Comittee

NATIONAL BUSINESS VALUATION GROUP (2001 to present)

• Exclusive Nevada, Northern California Member

NORTH AMERICA BUSINESS VALUATION STANDARDS COUNCIL

• Member, Board of Directors

MINNESOTA BUSINESS VALUATION GROUP

• Member, Board of Directors

COLLABORATIVE DIVORCE OF NEVADA, Las Vegas Chapter

• Member, 2002-2004

WASHOE COUNTY (NEVADA) BAR ASSOCIATION

• Social Member

AMERICAN SOCIETY OF APPRAISERS, BUSINESS VALUATION SECTION

• Former Candidate Member Former Public Relations Chairman, Northern Nevada

AMERICAN ARBITRATION ASSOCIATION

• Former Member, National Panel of Arbitrators

NATIONAL COUNCIL OF EXCHANGORS

• Gold Card (Lifetime) Member, California Chapter

INSTITUTE OF CERTIFIED BUSINESS COUNSELORS 1986 - 1990

• Former Certified Business Counselor (First in Nevada)

INTERNATIONAL BUSINESS BROKER'S ASSOCIATION (IBBA) 1988 - 1993

• Former Certified Business Broker (First in Nevada)
• Former Certified Business Intermediary (First in Nevada)

TRUCKEE/DONNER CHAMBER OF COMMERCE

• Board of Directors 1976 - 1979
Vice President 1978 - 1979

NATIONAL ASSOCIATION OF REALTORS

• REALTORS NATIONAL MARKETING INSTITUTE
• Former Candidate for CCIM designation

INSTITUTE OF REAL ESTATE MANAGEMENT

• Former Candidate for CPM designation

WHO'S WHO IN CREATIVE REAL ESTATE, 1994-1998

• Senior Listee in National Directory

APPOINTMENTS

COMMISSIONER, CITY OF RENO, NEVADA

• Board of Adjustment, 2004-2006

SPECIAL TASK FORCE, STATE OF NEVADA

• To develop Business Brokers Permit Examination. 2006

SPECIAL STUDY GROUP (2007)

• To review and recommend revisions to new regulations by the State of Nevada pertaining to the licensing of business brokers.

APPRAISAL PRACTICES OWNED

PRESENT FIRMS:

President:

• JERRY F. GOLANTY, INC. dba, BizVal
  Certified Business Valuations and Consulting, Business Brokerage Consulting, Expert Witness/Litigation Support
  Office: Reno, Nevada

PREVIOUS FIRMS:

President:

• BizVal, Inc.
  Certified Business Valuations and Consulting, Business Brokerage Consulting, Expert Witness/Litigation Support
  Offices: Reno, Nevada, Las Vegas, Nevada

Member/Co-owner:

• BUSINESS VALUATION ASSOCIATES, LLC
  Certified Business Valuations and Consulting, Business Brokerage Consulting, Expert Witness/Litigation Support, Arbitration
  Reno, Nevada

Principal:

• GOLANTY & CO.
  Certified Business Valuations and Consulting, Business Acquisitions, Business Brokerage Consulting, Expert Witness/Litigation Support, Arbitration
  Reno, Nevada

President:

• GOLANTY & ASSOCIATES
  Business Valuations, Business Brokerage, Business Counseling and Consulting
  Reno, Nevada; Las Vegas, Nevada; Citrus Heights, California

President:

• GOLANTY-FISHER & COMPANY
  Business Brokerage, Investment Property Brokerage, Business Valuations, Real Estate Appraising, Property Management
  Reno, Nevada

President:

• TAHOE-TRUCKEE REAL ESTATE COMPANY
  Business Valuations, Business Brokerage, Investment Property Brokerage, Property Management, Mortgage Loan Brokerage
  Truckee, California

President:

• PACIFIC NATIONAL BUSINESS SERVICES
  Business Valuations and Brokerage, Investment Property Brokerage, Business Valuations
  San Francisco, CA

President:

• Cal-Francisco Investment Co., dba Pacific National Real Estate Company.
  Investment property brokerage and management.
  San Francisco, CA

President:

• Bay City Construction Co.
  Apartment house developers
  San Francisco, CA

BUSINESS OWNERSHIP INTERESTS & EXPERIENCE

Real estate brokerages
Mortgage loan brokerage
Automatic laundry stores and rentals
General food market
Hotel master lessee
Food & beverage operations
Advertising specialties
Presort mail contractors and direct mail marketing

QUALIFIED EXPERT

United States Bankruptcy Court, Eastern District of California
Superior Court, Contra Costa County, California (Review Appraiser)
Superior Court, Sacramento County, California
Superior Court, El Dorado County, California
State of Nevada, First Judicial District, Carson City, NV
State of Nevada, Second Judicial District, Reno, NV
State of Nevada, Fourth Judicial District, Elko, NV
State of Nevada, Eighth Judicial District, Las Vegas, NV

LICENSES HELD

Real Estate Broker, State of Nevada, (1979 to present)
Real Estate Broker, State of California, (former – 48 years)

EDUCATION

Ohio State University
University of Akron, Ohio

SPECIAL COURSES, SEMINARS

INSTITUTE OF BUSINESS APPRAISERS

• National Conference Seminars, 1988, 1989, 1992, 1995, 1996, 1997, 1999, 2000, 2001, 2003, 2004, 2005, National Symposium 2007
• Principles of Business Appraisal
• Valuation of Closely Held Businesses & Professional Practices
• Advanced Valuation of Small Businesses & Professional Practices
• Capitalization Rates of Closely Held Businesses
• Pricing Minority Discounts in Closely Held Corporations
• The P/E Ratio Method of Valuing Closely Held Businesses
• Preparation For, and Giving Expert Evidence at Trial
• Analysis & Use of Transaction Data
• Business Valuation for Divorce-The Practical & The Theoretical
• Unreported Income-Guess Where It Is?
• Analysis of Capitalization and Discount Rates
• Business Valuation, The Real World
• A Study of Fitness Industry Valuation
• Valuation of Professional Practices
• Reviewing an Opposing Appraiser's Report
• "Fair Value" for Oppressed Shareholders
• Business Valuations Using Discounted Cash Flow Analysis
• 1999 Case Law Update
• The Court-Appointed Expert
• Issues on the Cutting Edge
• Consulting With Management to Create Shareholder Value
• Adjusting Public Market Multiples for the Closely-Held Business
• National Conference Master Classes, 1999, 2000, 2001, 2003, 2004, 2005, 2007
• IBA 7001
• Litigation Support and Expert Witness Workshop
• 56 hour interactive workshop for the litigation specialist.

AMERICAN SOCIETY OF APPRAISERS

• BV 201 Business Valuation
• Closely Held Companies, Workshop
• The Valuation of Small Businesses and Professional Practices
• Uniform Standards of Professional Appraisal Practice (USPAP)

AMERICAN ARBITRATION ASSOCIATION

• Arbitration Procedures & Practice

INTERNATIONAL BUSINESS BROKERS ASSOCIATION

• Business Brokerage Practices
• Legal Aspects of Business Brokerage
• Recasting Financial Statements

NATIONAL ASSOCIATION OF REALTORS

AMERICAN INSTITUTE OF REAL ESTATE APPRAISERS

• Principles of Real Property Valuation, 101

REALTORS NATIONAL MARKETING INSTITUTE

• Commercial Investment Properties, CI 101

INSTITUTE OF REAL ESTATE MANAGEMENT

• Principals of Property Management, IREM 101

HAMMEL INSTITUTE

• Business Acquisitions & Mergers

CHATTHAM INSTITUTE

• Client Counseling and Management, 301, 401, 501
• Advanced Counseling Workshops

INSTRUCTOR

CONTINUING LEGAL EDUCATION (CLE)

State Bar of Nevada, Reno, Nevada
"Small Business Appraisals In And Out Of Trial", 1988

First Judicial District Bar Association,
Carson City, Nevada
"The Certified Business Appraiser, A Member of the Litigation Team", 1988

Nevada Trial Lawyers Association,
1997 State Convention & Conference, Monterey, California, October 17, 1997
"USPAP & Revenue Rulings, The Power Tools of Business Valuation"

CONTINUING REAL ESTATE EDUCATION (CREE)

University of Nevada–Reno
"Business Brokerage and Valuation"
"Ethical Practice and Professional Standards" (approved for real estate law/ethics requirements), 1986, 1987, 1988
Reno, Las Vegas

University of Nevada-Reno
Interactive Radio Broadcast from UNR Campus to Outlying Nevada Communities
"Business Brokerage"

Nevada Association of Realtors, Graduate Realtors Institute (GRI)
"Business Brokerage"
"Ethical Conduct and Professional Standards"
"Things You Need To Know That Are Not Taught In Seminars", 1987, 1988

CONTINUING PROFESSIONAL EDUCATION (CPE)

CPA/LAW Forum
Northern California Branch (Sacramento, CA) 1994
Mt. Diablo Branch (Walnut Creek, CA) 1994
East Bay Branch (Union City, CA), 1994
"An Overview of The Business Valuation Process and Methodologies"
"An Examination Into Professional Standards"

Cambridge Institute
Las Vegas, Nevada, November 13,1997
"USPAP & Revenue Rulings, The Power Tools of Business Valuation"

IN–HOUSE SEMINARS — LAW FIRMS

Vargas & Bartlett (Reno, Las Vegas)
Beckley, Singleton, DeLanoy, Jemison & List (Reno, Las Vegas)
Hale, Lane, Peek, Dennison & Howard (Reno)
McDonald, Carano, Bergin, Wilson, Hicks & Frankovich (Reno)
Walther, Key, Maupin, Oats, Cox, Lee & Klaich (Reno)
Weiner, Waldman, Gordon & Silver (Las Vegas)
Lionel Sawyer & Collins (Reno)
Woodburn & Wedge (Reno)
Borton Petrini & Conron (Sacramento)
Diepenbrock, Wulff, Plant & Hannegan (Sacramento)

ARTICLES PUBLISHED

THE WRIT: Washoe County Bar Association (Nevada), "Business Appraising", "Business Acquisitions and Mergers"

THE ADVOCATE: The Nevada Trial Lawyer's Association, "The Certified Business Appraiser, A Member of The Litigation Team"

THE WRIT: Washoe County Bar Association (Nevada) "Why A Business Appraiser" March, 1994)

THE DOCKET, Sacramento County Bar Association (California) "Evaluating Business Value", (April, 1994)

CPA/LAW FORUM, National Issue, "Who Values Your Business More Than The Appraiser", April, 1994)

SACRAMENTO REALTOR (California) "So You Want To Sell Businesses!" (March 1994)

THE WRIT, Washoe County (Nevada) Bar Association, "USPAP - Appraisal Standards Set", June, 1995

THE BUSINESS RESOURCE, Sacramento, California, "Who Values Your Business More Than The Appraiser", February 1995

THE BUSINESS RESOURCE, Sacramento, California, "Figures Don't Lie, But Do They Tell The Truth", March, 1995

THE BUSINESS RESOURCE, Sacramento, California, "Hocus Pocus, There's A New Focus" May, 1995

THE DAILY RECORDER, Business Law Section, Sacramento County Bar Association, "Valuation Services: No More Business As Usual", July 24, 1995 Revenue Ruling 59-60, Guidelines For Business Valuation, September, 1997, When Do You Call For Help? November, 1997

DAILY JOURNAL PUBLISHING, INC. - CONTRIBUTING COLUMNIST
24 NEWSPAPERS INCLUDING:
NEVADA JOURNAL
ARIZONA JOURNAL
COLORADO JOURNAL
WASHINGTON JOURNAL
SACRAMENTO DAILY RECORDER
LOS ANGELES JOURNAL, (Verdicts & Settlements)
SAN FRANCISCO JOURNAL (Verdicts & Settlements)

ARTICLES

Business Appraisal: The Who's, What's and Why's
Figures Don't Lie, But Do They Tell the Truth?
Unraveling the Mystery of a Capitalization Rate
So, You Want To Sell Your Business
Excess Earnings: Widely Used and Widely Misunderstood
USPAP - A Dynamite Tool For Lawyers
Have You Ever Appraised a Widget Dealership?
House Appraising, Business Appraising, What's The Difference
I Need It Yesterday!
How Reliable Is Your Expert?

NORTHERN NEVADA BUSINESS WEEKLY
CONTRIBUTING COLUMNIST

"The Mystery of Business Valuation, November 2002
"Correctly Pricing Your Business", March 2003
"Valuing Your Business", May 2006
"Is Fair Market Value Really Fair?", October 2006
"50-50 Does Not Always Mean Equal", February 2007
The Real Meaning of Goodwill
Buy-Sell Agreements
Rules of Thumb for Valuing a Business
Forensic What???
"Figures Don't Lie! Really?

LAS VEGAS BUSINESS PRESS

"What's Your Business Worth?" (March 2002)

BizVal Newsletters

Valuing Your Business * Principles, Approaches, Methods * What Does I All Mean? * Comparing Apples With Apples * Fair Market Value and Market Data * How Reliable Is Your Expert? * Kumho Tire and Expert Testimony * Meeting the Standard of Care * Today's Expert, Tomorrow's Casualty * Fair Market Value, Fair Value! What's The Difference? * The Industry Expert v. The Appraiser * Credentials Really Matter * Things Attorneys Must Determine * Valuation Issues That Often Confront Landlords * Confusion in the Marketplace * Revisiting Ford v. Ford * Fair Market Value or Fair Value! Which is it? * There's No Substitute For Common Sense * Private Companies, Public Companies * Are Discounts Appropriate? * 50-50 Does Not Always Mean Equal * A Look at Goodwill * Buy-Sell Agreements, Rules of Thumb for Valuing a Business * Forensic What?, * Figures Don't Lie, Really!

Jerry F. Golanty, MCBA, BVAL
Master Certified Business Appraiser
Business Valuator Accredited in Litigation
e-mail: jerrygolanty@bizval.net

BizVal - Reno
1575 Delucchi Lane
Suite 115
Reno, NV 89502
Phone (775) 332-4881
Fax (775) 827-0137