Womack Named Partner At Lattimore Black Morgan And Cain

Monday, August 12, 2013

Lattimore Black Morgan & Cain, and the LBMC Family of Companies, one of the southeast’s largest accounting and business consulting firms, has named Scott Womack, ASA, CFFA, as partner in LBMC’s Valuation Advisory, Litigation Support/ Forensic Accounting and Business Transition Services. This team consists of professionals with experience that includes: valuations of companies, intangible assets, compensation arrangements for transactions and regulatory compliance purposes, and expert witness testimony regarding economic damages in disputes arising from breach of contract, unfair competition, infringement of intellectual property, fraud, and family law.

Mr. Womack concentrates his practice in family law litigation and valuation matters involving a variety of industries. He assists estate planning attorneys in federal and state valuation matters, family law attorneys in divorce matters (including business valuation, forensic accounting, division of marital estate, etc.), and small business owners involving the potential sale of their businesses.

“Scott’s expertise in litigation support in particular our family law and valuation matters, has been invaluable this year helping us keep up with the fast paced growth in our division,” says David Wood, lead partner for the LBMC Valuation  Litigation and Business Acquisition/Disposition team. “His significant experience in forensic accounting has been a huge asset as well as his demonstrated strong leadership skills in his respective practice area. It’s an honor to congratulate him as a 2013 new partner as I know he will be instrumental in our continued growth in the years to come.” 

Mr. Womack is an accredited senior appraiser with the American Society of Appraisers and a Master Analyst in Financial Forensics with the National Association of Certified Valuators and Analysts. Some specific valuation concentration includes: Gift, estate and income tax planning and reporting (valuation of businesses and business interests), Financial Reporting under FASB ASC 350 (goodwill impairment testing- formerly FAS 142), FASB 718 (valuation of stock-based compensation including stock options, restricted stock, stock appreciation rights, etc.- formerly FAS 123R), Holding Company Valuations (real estate/marketable securities), Undivided Interests in Real Estate and Automobile Dealership Valuations.

Mr. Womack is a graduate of Baylor University in Waco, Texas, where he received his Bachelor’s Degree in Business Administration.  In his free time he is giving back to his profession and community in a variety of areas including: treasurer of Middle Tennessee Chapter of American Society of Appraisers, National Association of Certified Valuators and Analysts, Big Brothers/Big Sisters of Nashville, and a Member of Events Advisory Committee with The Nashville Sports Council. Mr. Womack is a native of Franklin, Tennessee and currently resides in Nashville with his wife and son.


New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: AMERICAN AUCTION TRANSPORTERS SERVICE 1815 E 23RD ST CHATTANOOGA, TN 37404 AMERICAN TOWING 3515 CLIO AVENUE CHATTANOOGA, TN 37407 BEFORE AND AFTER AUTO DETAILING 14514 DAYTON PIKE SALE CREEK, TN 37373 CCC SERVICES 8428 W CRABTREE RD HIXSON, TN 37343 CHATTANOOGA RETAIL 8346 ... (click for more)

Association Of Fundraising Professionals' Southeastern Chapter To Hold Membership Meeting May 27

The Southeastern Chapter of the Association of Fundraising Professionals (AFP) will hold its monthly membership meeting on  Wednesday, May 27  at the Mountain City Club, located at 729 Chestnut Street, from 11:30 a.m.-1:30 p.m .   This month’s guest speaker is Lynne Wester, Founder and Principal of Donor Relations Guru. Ms. Wester is a frequent conference ... (click for more)

Unexpected Amount East Ridge Owes On Fire Hall Property Rises To $603,000; City To Apply For Reimbursement

The unexpected amount the city of East Ridge will owe the state on the fire hall property in connection with the Bass Pro development has risen to $603,000. Earlier, East Ridge officials said the payment would be $428,000. City Manager Andrew Hyatt said Monday, "The Tennessee Department of Transportation notified the city of East Ridge that an appraisal of the city’s former ... (click for more)

Fire Breaks Out At House Off Highway 58

A fire broke out on Memorial Day afternoon at a house off Highway 58. A 911 call was made at 12:10 p.m. reporting a house fire at 6019 Hillcrest Dr. The Highway 58 Volunteer Fire Department responded and found fire showing on an addition to the house. Firefighters worked quickly entering the addition to extinguish the fire from spreading to the main level of the house. ... (click for more)

A Memorial Day Reflection

I wish I could find that combination of words that would capture an inclusive meaning of Memorial Day.  I have attended many Memorial Day programs at the Chattanooga National Cemetery, so many that now they have merged into one memory.  But what stands out is that each year there are more friends and veterans to visit.  Some gave their all many years ago.  And ... (click for more)

Roy Exum: Keep Your ‘Dirty’ Feed

Mark Twain once observed the difference in a cat and a lie is that a cat only has nine lives. You might remember that when you hear that a group of Tennessee Walking Horse trainers just donated two tons of horse feed “to aid and assist in the rehabilitation” of 55 horses that were rescued from deplorable conditions at a West Tennessee farm. The truth is that the horses were taken ... (click for more)