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.


Downtown Chamber Council And Member Businesses Donate $2,000 to CSAS

The Downtown Council of the Chattanooga Chamber of Commerce presented a check for $1,000 to the Chattanooga School for Arts and Sciences (CSAS) at their March meeting. During the meeting, Downtown Council member businesses donated an additional $1,000 to complete the funding need of $2,000 for CSAS. "This donation enabled us to purchase 10 additional digital walkie talkies," ... (click for more)

Gas Prices Stay The Same In Chattanooga

Average retail gasoline prices in Chattanooga have not moved  in the past week, averaging $1.98 per gallon on Sunday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has fallen 0.9 cents per gallon in the last week to $2.28 per gallon, according to gasoline price website GasBuddy.com. Including the ... (click for more)

Marquis Perry, 20, Killed In 3-Car Accident In Dalton On Saturday

Marquis Perry, 20, was killed in a  fatal three-vehicle crash on the South Bypass in Dalton just south of Sawgrass Drive  on Saturday  at approximately  4:30 pm . The crash happened when the driver of a black Ford Mustang traveling southbound on the bypass for some reason left its lane of travel and crossed over the center line and hit a 2004 Chevy ... (click for more)

Cedric A. Williams, 38, Arrested For Multiple Burglaries

Cedric A. Williams, 38, responsible for four business burglaries, was arrested by Chattanooga Police.  Teamwork, corroboration, and communication between three detectives working separate cases led to the arrest of the man targeting Hispanic-owned businesses in Chattanooga,, officials said. On Wednesday, March 8, Tienda Maya located at 1939 Central Ave. was burglarized. ... (click for more)

Slaxxon Regret - And Response

Back in the seventies my three oldest brothers had a buddy named Steve Slack. “Slack” was a star soccer player at Baylor and he grew up on Lookout Mountain, which is where I grew up. He and Jimmy, Henry and Bill went to the University of Virginia where they were roommates in an old, beat up house that was painted pink. Naturally, the place became known as the “Pink Palace” but lest ... (click for more)

Roy Exum: This Library Comes Alive

I am pretty positive that I haven’t stepped foot in a library in the last 50 years. Between the ever-widening Internet, with all of its search engines and infinite resources, I have got about as much use for a library as I would if I read a book about a transgender person. I have neither the time or inclination. Be like trying to teach a pig to sing – the pig always get bored. ... (click for more)