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.


Local Vapor Store Expands; Creates Premium Chattanooga-Inspired EJuices

After opening on June 12, the locally-owned Chattanooga Vapor Company has continued to thrive at its North Shore locations off of Frazier Avenue and in Soddy Daisy, at the corner of Dayton and Thrasher Pike. No matter where one falls within the company’s three-step process, they ensure each individual’s needs are met. Its focus on helping people quit smoking and using tobaccos is ... (click for more)

HTI Employment Solutions Job Fair Draws Over 500 Applicants And Counting

HTI Employment Solutions is holding its first job fair in Chattanooga on Thursday, from 10 a.m.-7 p.m.   at Embassy Suites Hotel at 2321 Lifestyle Way near Hamilton Place Mall. The company was awarded the bid to staff 300 positions created by Tier 1 Automotive Supplier and will staff ... (click for more)

Lookout Mountain, Ga., Raises Sewer Rates; Joins In Kudzu Fight

The Lookout Mountain, Ga., City Council on Thursday night approved an increase in sewer charges. The council approved ordinance 281 increasing sewer rates to $6 per 100 cubic feet of water from the previous rate of $4.77.  The new increase will be in effect in January 2015.    City Manager Brad Haven said the town will be replacing the flow meter for ... (click for more)

Police Investigating An Armed Robbery On Friday Night At UTC

UTC Police are investigating with the Chattanooga City Police an armed robbery in Lot 4 near Boling Apartments on Friday night. The suspects are described as two black men.  One was six feet tall, wearing a navy jacket, with medium skin tone and short hair.  The other suspect was reported to be 5’ 7”, wearing blue jeans and a long white T-shirt. The second suspect ... (click for more)

Don't Allow Us To Be Overrun By People Who Do Not Belong Here - And Response (6)

Thank you, Senator Corker, for your clear, concise evaluation of the president's attempt to bypass Congress and personally and independently establish national policy that violates our current immigration laws.   Our long-standing failure to enforce our laws to control illegal immigration across our southern border has made this country less safe and ... (click for more)

Roy Exum: Our Tubman Goat-Roping

Every spring there comes a bright day on the ranch when the straw-boss decrees a goat-roping should take place. What really happens is the veteran cowboys arm the greenhorns with some lariats late in the afternoon and take them to the pen that holds some Billy goats. This is before they get into bigger beasts -- horses and cattle – yet what appears to be easy most certainly is not. ... (click for more)