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

James is the president and founder of James R. Palmer, LLC Business Consulting and 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 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 Training

• Creating Value Through Business Appraisal (8 CPE Hours)
  The Institute of Business Appraisers, Inc., Scottsdale, Arizona, 2006
  An introduction to private capital markets and finance, and the various value worlds in which appraisals operate.
• Insurance Appraisals
  National Equipment and Business Brokers Institute and the Insurance Appraisal Group, Web Conference, 2005
  The study of appraisals related to insurance, including insurance contracts, terms, conditions of policies, claims procedures and the Appraisal Clause.
• Advanced Financial Statement Analysis for Business Appraisers (8 CPE Hours)
  The Institute of Business Appraisers, Inc., Seattle, Washington, 2005
  Financial statement analysis from a business valuation perspective, including the differences between small- to mid-sized closely held businesses and large closely held businesses.
  
• Machinery/Equipment Appraisal Training
  National Equipment and Business Brokers Institute, San Diego, California, 2005
  Training and certifying professionals for machinery and equipment appraisal.
• Making the Most of Expert Witnesses (12.75 CLE Hours)
  Washington State Bar Association, 2004
  Finding, preparing, and using expert witnesses. Sponsored by the Continuing Legal Education Committee of the Washington State Bar Association.
• Expert Testimony Workshop (56 CPE Hours)
  The Institute of Business Appraisers, Inc., San Francisco, California, 2004
  A five-day interactive seminar of instruction and practice on preparing and providing testimony for deposition and court.
• Forecasting Net Cash Flow (16 CPE Hours)
  The Institute of Business Appraisers, Inc., Indianapolis, Indiana, 2004
  The study of developing appropriate income forecasts and focusing on estimating capital expenditures, changes in working capital, and changes in long-term debt.
• Advanced Case Studies (16 CPE Hours)
  The Institute of Business Appraisers, Inc., Los Angeles, California, 2003
  An in-depth, step-by-step analysis of a variety of appraisal assignments, examining a variety of assumptions and methodologies that affect valuation conclusions.
• Preparation for the CBA Exam (16 CPE Hours)
  The Institute of Business Appraisers, Inc., Orlando, Florida, 2003
  A comprehensive preparation class developed by the Chair of IBA's Qualification Review Committee.
• Fractional Interest Premiums and Discounts (8 CPE Hours)
  The Institute of Business Appraisers, Inc., San Francisco, California, 2003
  A study of the specialized knowledge and application of valuation adjustments involving control premiums and/or discounts for lack of control and lack of marketability.
• Report Writing and Analysis (16 CPE Hours)
  The Institute of Business Appraisers, Inc., San Francisco, California, 2003
  Training included the best techniques of report writing and presentation, conforming to applicable standards, supporting cap rates and adjustments, reconciling values and more.
• Business Appraisal for Divorce (8 CPE Hours)
  The Institute of Business Appraisers, Inc., Fort Lauderdale, Florida, 2003
  Classroom study of the specialized field of knowledge necessary when appraising businesses for divorce, including community and non-community property issues, approaches, standards of valuation, equitable distribution, case studies and other factors.
• Litigation Support on Valuing the Closely Held Business (16 CPE Hours)
  The Institute of Business Appraisers, Inc., Fort Lauderdale, Florida, 2003
  A classroom study of the role of the business appraiser by judicial process, the preparation and importance of being an objective advocate of one's business appraisal and the examination of the essential Rules of Evidence that exist to encourage fair proceedings.
• Mastering Appraisal Skills for Valuing the Closely Held Business (64 CPE Hours)
  The Institute of Business Appraisers, Inc., Phoenix, Arizona and Las Vegas, Nevada, 2002
  A unique and revolutionary hands-on 8-day class, covering the appraisal process from obtaining the assignment to completing the appraisal report.
• Annual Management Training Seminars (1984-2001)
  Tandy Corporation, Fort Worth, Texas

Professional Conferences

• Annual National Conference 2007 (24 CPE Hours)
  The Institute of Business Appraisers, Inc., Denver, Colorado
  

• Annual National Spring Conference 2006 (16 CPE Hours)
  American Business Appraisers, LLC, Atlanta, Georgia
  

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

• Annual Business Valuation Conference 2005 (26 CPE Hours)
  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 (23.5 CPE Hours)
  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 (12.5 CPE Hours)
  The Institute of Business Appraisers, Inc., Orlando, Florida
  

Education

• Master of Science in Business Administration, Kennedy-Western University, Thousand Oaks, California
• Bachelor of Science in Business Administration, Kennedy-Western University, Thousand Oaks, California
• Liberal Arts Studies, Pacific Lutheran University, Tacoma, Washington
• Federal Communications Commission License for Radio and Television Broadcasting, Elkins Institute, Dallas, Texas

Presentations

• 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

• "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.
• "To Analyze the Accuracy of the Business Appraising Profession." MS Thesis, Kennedy-Western University, 2003.

Employment History

• Instructor, Skagit Valley College, 2005–Present
• James R. Palmer, LLC, Business Consulting and Appraising, Oak Harbor, Washington, 2001–Present
• Business Consultant, Oak Harbor, Washington, 1992–Present
• Independent Business Owner, 1984–Present
• Advertising/Marketing Representative, Advertising Manager, 1974–1986

Awards

• Top Sales Trips, Radio Shack Franchise Division, 15 out of 16 years from 1985 to 2001
• Circle of Excellence Award, Radio Shack Franchise Division, 1998, 2000
• Paul Harris Fellow, Rotary International, Oak Harbor, Washington, 1998
• Top Gun Award, Radio Shack Franchise Division, 1989, 1990, 1992, 1993, 1995
• First Place, Small Space Advertising Award, Washington Newspaper Publishers Association, 1985 and First Place, Institutional Advertising Award, Washington Newspaper Publishers Association, 1984

Community Service

• City Council Member, Oak Harbor, Washington
• Past Co-Chairperson, Community Fundraising, Oak Harbor Rotary Stadium Committee
• Past President, Rotary Club of Oak Harbor, Oak Harbor, Washington
• 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
• Past Chairman, Welcome Home Persian Gulf Forces Committee, NAS Whidbey Island, 1991
• Attendance of over 1400 at two evening musical performances honoring the returning troops
• Fourth of July Welcome Home Parade honoring current and past military members received regional and national press attention, with estimates of over 10,000 in attendance
• Past Chairman, Oak Harbor Old Fashioned Fourth of July, Oak Harbor, Washington