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.


Northwest Georgia's Unemployment Rate Rises In June

The Georgia Department of Labor announced Thursday that the unemployment rate in the Northwest Georgia region in June was 5.6 percent, up nine-tenths of a percentage point from 4.7 percent in May. The rate in June 2015 was 6.2 percent.  The rate rose as the labor force increased by 5,389 to 406,397, as students and others entered the job market looking for work. The labor ... (click for more)

SmartFinancial Reports Second Quarter Results

SmartFinancial, Inc., parent company of SmarkBank, announced on Wednesday net income of $1.2 million in its second quarter, compared to $0.1 million a year ago. In the third quarter 2015, SmartFinancial successfully completed the merger of two holding companies, legacy SmartFinancial, Inc. and Cornerstone Bancshares, Inc., and carried forward the name "SmartFinancial, ... (click for more)

Chattanooga Whiskey Company To Construct Large Distillery At Former Site Of Newton Chevrolet

The Chattanooga Whiskey Company has begun construction on a larger production distillery in the former Newton Chevrolet property at the corner of MLK Boulevard and Riverfront Parkway near the Tennessee River. Once fully operational, the Riverfront Parkway facility will be capable of producing upwards of 14 (53-gallon) barrels per day, making it one of the largest craft bourbon ... (click for more)

Beck Upset By Criticism Of Late WWTA Director Cleveland Grimes In WWTA Analysis; Boyd Won't Rewrite 57-Page Report

County Commissioner Greg Beck said it was inappropriate for fellow Commissioner Tim Boyd to include articles critical of the late Cleveland Grimes in a 57-page report on the Hamilton County Water and Wastewater Treatment Authority. He said, "Criticizing a dead man - I don't know if that's appropriate. If that's Christianity, let me off the wagon." Saying the report should ... (click for more)

Judge Steelman Was Unfairly Criticized In Handling Of School Bus Driver Rape Case - And Response

We are blessed to have freedom of speech in our society, but I am always amazed at the number of folks who voice such strong antagonistic opinions about things without any apparent first-hand knowledge.   As any who wish to criticize the system should know, people get arrested and charged for criminal offenses every day.  The ultimate charge and penalty which results ... (click for more)

Roy Exum: Vote For Rhonda Thurman

After studying the Hamilton County School Board quite harshly during the last seven most-tumultuous months in its history, it is only proper that I share my belief that Rhonda is its Most Valuable Player. Four of the school board’s nine members are up for re-election, with Rhonda facing capable opponents in Jason Moses and Dr. Patti Skates in District 1, but let’s never forget that ... (click for more)