James R. Palmer, LLC Business Appraising - Machinery and Equipment Appraising

Curriculum Vitae of James R. Palmer CBA, AIBA, CMEA, BVAL, SBA

James is the president and founder of James R. Palmer, LLC Business Appraising - Machinery and Equipment Appraising and holds the Certified Business Appraiser (CBA), the Accredited by IBA (AIBA) and the Business Valuator Accredited in Litigation (BVAL) designations from The Institute of Business Appraisers. He serves on their Qualifications Review Committee, critiquing reports submitted by AIBA candidates.

He also holds the Certified Machinery and Equipment Appraiser (CMEA) designation from the National Equipment and Business Brokers Institute and was awarded the Senior Business Analyst (SBA) from the Society of Business Analysts.

James has been meeting customer service needs and solving problems in business, marketing and retail settings for over thirty years. He worked in the field of marketing for radio stations and newspapers before owning and managing his own top performing retail stores. He began consulting with business owners that wanted to improve their operations and often assisted in estimating the value of their businesses. Utilizing his real world experience in working with small- to medium-sized privately held businesses and his extensive education in the theory and practice of business valuation, James formed James R. Palmer, LLC, providing substantiated valuations of businesses, as well as machinery and equipment. The company also serves businesses and advisors to businesses with consulting services.

James R. Palmer, LLC is the Washington State affiliate office of the American Business Appraisers, LLC and the National Business Valuation Group, LLC which are composed of top national appraisers specializing in the valuation of closely held businesses.

Professional Credentials

Certified Business Appraiser (CBA)
The Institute of Business Appraisers, Inc., Plantation, Florida
This designation is awarded to candidates who have achieved over 10,000 hours of training and experience in the field of business appraising, including attending at least 90 hours of in-class course work, submitting four professional references, passing a six hour written exam which includes the critiquing of a comprehensive business appraisal and receiving approval through peer review by the Qualifications Review Committee of two comprehensive business appraising reports.
Accredited by the Institute of Business Appraisers (AIBA)
The Institute of Business Appraisers, Inc., Plantation, Florida
This designation is achieved by attending the 64-hour classroom 8001 Workshop, passing a 4-hour proctored written exam on current business valuation theory and practice and receiving approval by the Qualifications Review Committee of a comprehensive written business appraising report.
Certified Machinery and Equipment Appraiser (CMEA)
National Equipment and Business Brokers Institute, Wichita, Kansas
The CMEA designation is achieved through attending classroom training and passing the peer review of a demonstration report, as well as passing a proctored written examination.
Business Valuator Accredited for Litigation (BVAL)
The Institute of Business Appraisers, Inc., Plantation, Florida
This title is awarded to accredited appraisers demonstrating competence to present expert testimony supporting their independent opinions of value while adhering to professional business appraising and ethical standards.
Senior Business Analyst(SBA)
The Society of Business Analysts, Wichita, KS
The SBA denotes membership in the Society of Business Analysts and introductory business valuation instruction.

Professional Training

Litigation Bootcamp
National Association of Certified Valuators and Analysts/Institute of Business Appraisers, Annual Conference,San Diego, California, 2011
Business Valuation Calculations, Calculation Reports and Summary Reports
Financial Consulting Group StraightTalk Webinar, 2011
Business Appraisal Practice Winter 2010 Exam
Institute of Business Appraisers, 2010
Grabowski on Cost of Capital
Financial Consulting Group StraightTalk Webinar, 2010
Business Appraisal Practice Summer 2010 Exam
Institute of Business Appraisers, 2010
Special Knowledge and Applications
Financial Consulting Group StraightTalk Webinar, 2010
Creating Value Through Business Appraisal
The Institute of Business Appraisers, Inc., Scottsdale, Arizona, 2006
Insurance Appraisals
National Equipment and Business Brokers Institute and the Insurance Appraisal Group, Web Conference, 2005
Advanced Financial Statement Analysis for Business Appraisers
The Institute of Business Appraisers, Inc., Seattle, Washington, 2005
Machinery/Equipment Appraisal Training
National Equipment and Business Brokers Institute, San Diego, California, 2005
Making the Most of Expert Witnesses
Washington State Bar Association, 2004
Expert Testimony Workshop
The Institute of Business Appraisers, Inc., San Francisco, California, 2004
Forecasting Net Cash Flow
The Institute of Business Appraisers, Inc., Indianapolis, Indiana, 2004
Advanced Case Studies
The Institute of Business Appraisers, Inc., Los Angeles, California, 2003
Preparation for the CBA Exam
The Institute of Business Appraisers, Inc., Orlando, Florida, 2003
Fractional Interest Premiums and Discounts
The Institute of Business Appraisers, Inc., San Francisco, California, 2003
Report Writing and Analysis
The Institute of Business Appraisers, Inc., San Francisco, California, 2003
Business Appraisal for Divorce
The Institute of Business Appraisers, Inc., Fort Lauderdale, Florida, 2003
Litigation Support on Valuing the Closely Held Business
The Institute of Business Appraisers, Inc., Fort Lauderdale, Florida, 2003
Mastering Appraisal Skills for Valuing the Closely Held Business
The Institute of Business Appraisers, Inc., Phoenix, Arizona/Las Vegas, Nevada, 2002

Professional Conferences

Annual Business Valuation Conference 2011
National Association of Certified Valuators and Analysts/Institute of Business Appraisers,San Diego, California

Semi-Annual National Conference 2010
American Business Appraisers, LLC, Denver Colorado

Semi-Annual National Conference 2009
American Business Appraisers, LLC, Providence, Rhode Island
Semi-Annual National Conference 2009
American Business Appraisers, LLC, Phoenix, Arizona
Semi-Annual National Conference 2007
American Business Appraisers, LLC, Fayetteville, Arkansas

Annual Business Valuation Conference 2007
The Institute of Business Appraisers, Inc., Denver, Colorado

Semi-Annual National Conference 2007
American Business Appraisers, LLC, Goodyear, Arizona

Semi-Annual National Conference 2006
American Business Appraisers, LLC, Atlanta, Georgia

Annual National Conference 2005
The Institute of Certified Business Counselors, San Antonio, Texas

Annual Business Valuation Conference 2005
The Institute of Business Appraisers, Inc., Orlando, Florida

Annual National Conference, 2004
The Institute of Certified Business Counselors, Chicago, Illinois

Annual Business Valuation Conference, 2004
The Institute of Business Appraisers, Inc., Las Vegas, Nevada

Annual National Conference, 2003
The Institute of Certified Business Counselors, Scottsdale, Arizona

Annual Business Valuation Conference, 2003
The Institute of Business Appraisers, Inc., Orlando, Florida

Presentations

Current Economic Effect on the Value of Closely Held Businesses, The Consultant's Training Institute, Online Learning Lecture Series, 2010
Northwest Chapter, Washington CPA's, Mount Vernon, Washington, 2009
Case Studies: Small- and Mid-Size Closely Held Business Appraisals, IBA Course #1013, Seattle, Washington, 2008
A twelve week study of the Transaction Data Method, National Teleconference, The Institute of Business Appraisers, 2008
Washington Association of Accountants, Mount Vernon, Washington, 2007
The Institute of Business Appraisers, Inc., Denver, Colorado, 2007
Cowlitz-Wahkiakum Counties Bar Association, Longview, Washington, 2006
Lewis County Bar Association, Chehalis, Washington, 2006
Clallam County Bar Association, Port Angeles, Washington, 2006
Walla Walla County Bar Association, Walla Walla, Washington, 2006
Skagit County Bar Association, Mount Vernon, Washington, 2006
Island County Bar Association, Oak Harbor, Washington, 2005
NW Chapter, Washington CPA's, Mount Vernon, Washington, 2005
Peoples Bank, Bellingham, Washington, 2005
Kiwanis Club of Oak Harbor, Oak Harbor, Washington, 2005
Oak Harbor Rotary, Oak Harbor, Washington, 2005

Research and Publications

Mastering Appraisal Skills for Business Valuation: 8001A and 8001 B, Reviewer, The Institute of Business Appraisers, Inc., Fort Lauderdale, Florida
"When to Buy? When to Sell?" Northwest Business Monthly 31, no. 6 (Jun 2006): 56-57.
"Give Your Business a Basic Health Check-Up," Northwest Business Monthly 31, no. 3 (Mar 2006): 107-108.
"Remembering the Importance of Cash Flow" Northwest Business Monthly 31, no.1 (Jan 2006): 42-43.
"Special Report: Seven Deadly Sins in Ill-Prepared Business Appraisal Reports," Shannon Pratt's Business Valuation Update 11, no. 12 (Dec 2005): 5-6.
"Considering Buying a Business?" Northwest Business Monthly 30, no. 10 (Nov 2005): 38-39.
"Considering Selling Your Business?" Northwest Business Monthly 30, no.9 (Sep 2005): 42-44.
"Determining Value in Privately Owned Businesses." Northwest Business Monthly 30, no. 8 (Aug 2005): 68-70.
"All Business Appraisers Are Not Created Equal." Northwest Business Monthly 30, no. 7 (Jul 2005): 81-84.
"Why Hire an Accredited Business Appraiser?" Northwest Business Monthly 30, no. 6 (Jun 2005): 68-70.
"Thinking About Location: Prime spots don't always mean prime return for businesses." Northwest Business Monthly 30, no. 5 (May 2005): 76-78.
"All Appraisers are Not Created Equal." The Certified Business Counselor Newsletter 1 (Apr 2005): 5-7.
"Seven Deadly Sins in Ill-Prepared Business Appraisal Reports." The Certified Business Counselor Newsletter 1 (Jan 2005): 4-5.

Employment History

James R. Palmer, LLC, 2001–Present
Business Appraiser and Consultant, Oak Harbor, Washington, 1992–Present
Independent Business Owner, 1984–Present
Advertising/Marketing Representative, Advertising Manager, 1974–1986

Community Service

City Council Member, Oak Harbor, Washington
Chairperson, City of Oak Harbor Finance Committee, Oak Harbor, Washington
Past President, Rotary Club of Oak Harbor, Oak Harbor, Washington
Keynote Speaker, Chapman College Graduation Ceremony, 2009
Past Guest Speaker, College of Business and Economics, Western Washington University, Bellingham, Washington and Rotary, Kiwanis, Chambers of Commerce and other service clubs and organizations

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