Suggestions
Chris Lovin
Shareholder, LBMC Valuation and Forensic Accounting Group
Professional Background
Chris Lovin is a distinguished professional with over two decades of experience in the fields of business valuation and commercial litigation. His extensive career began with two years dedicated to audit work, where he developed a strong foundational understanding of financial practices and accountability. Transitioning from audit to commercial litigation, Chris has honed his expertise through numerous forensic accounting engagements aimed at determining economic damages and providing expert witness testimony in various legal matters. His formidable litigation experience encompasses intricate cases, including but not limited to breach of contract, unfair competition, trademark and trade dress infringement, shareholder disputes, and employee embezzlement.
In addition to his litigation experience, Chris has established a thriving valuation practice focusing on closely-held companies. His proficiency in the valuation of businesses undergoing transition—whether to family members through gift and estate tax planning or to third-party buyers in mergers and acquisitions—demonstrates his wide-ranging skill set in this critical area of financial expertise. Furthermore, Chris has collaborated with public and near-public companies to evaluate and value their intangible assets upon acquisition while diligently testing for potential impairment of goodwill. His vast knowledge and experience positions him as a thought leader in the valuation arena, particularly as it pertains to assets outlined by ASC 805 and ASC 350.
Education and Achievements
Chris Lovin’s educational journey commenced at Morristown Hamblen High School West, where he laid the groundwork for his future academic pursuits. He furthered his education by obtaining a Master of Accountancy degree from the prestigious University of Tennessee, Knoxville. This advanced training provided him with a comprehensive understanding of accounting principles and practices, enabling him to thrive in various professional settings.
In his current role as a Partner at LBMC, one of the leading firms in its sector, Chris has made significant contributions to the firm’s growth and reputation for excellence. His leadership and knowledge have been instrumental in enhancing the firm’s business valuation and commercial litigation services, further solidifying its standing as a trusted resource for clients navigating complex financial challenges.
Notable Achievements
Chris Lovin’s career is marked by several notable achievements that reflect his dedication and expertise in the field of accounting and business valuation. His intricate knowledge of intangible asset valuation under ASC 805 encompasses customer relationships, trade names, proprietary software, non-compete agreements, and assembled workforce valuations, making him a sought-after expert in determining the financial worth of these critical assets.
Moreover, Chris has effectively conducted goodwill impairment testing (ASC 350) for various organizations, critically assessing and preserving the integrity of stakeholders’ investments by providing clarity on a company’s financial health. His experience with stock-based compensation valuation (ASC 718) further enriches his profile, showcasing his capability to evaluate diverse valuation scenarios which are crucial for strategic business decisions. This comprehensive portfolio of skills positions Chris as an exceptional advisor in the realm of business valuations and commercial litigation.
In summary, Chris Lovin has cultivated a remarkable career characterized by a unique blend of forensic accounting, commercial litigation, and valuation expertise. His contributions to the field, reinforced by an impressive educational background and practical experience, resonate strongly within the industry, establishing him as a reputable figure whom clients and colleagues alike admire. His unwavering commitment to excellence and continuous professional development ensures that he will remain at the forefront of the business valuation landscape for years to come.