Businesses in the United States have a trade secret problem. Four out of five senior executives say their business’ trade secrets are an important and/or essential part of their business. The majority of businesses in the U.S. do not know if their trade secrets have been stolen and do not have action plans in responding to thefts of trade secrets. According, to the U.S. Department of Commerce, trade secret theft costs U.S. businesses approximately $300 billion annually which is significant.
Knowing and understanding your business’ trade secret is important but it is equally important to know the value of your trade secret. This knowledge is helpful for business planning and also in case the trade secret is stolen.
In the 2018 Baltimore Business Review from CFA Society Baltimore and Towson University, Zachary Reichenbach, a Principal in the firm’s Forensic and Valuation Services group, explores trade secrets, their significance, and how to value them.
To read the rest of the article, please see this downloadable PDF of the 2018 Baltimore Business Review.
As a principal in Ellin & Tucker’s Forensic and Valuation Services Group and member of the firm since 2008, Zach Reichenbach, CFA, CPA/ABV specializes in complex commercial damages, valuation, intellectual property, litigation assistance and forensic accounting assignments. Zach has worked on hundreds of cases ranging from simple contract disputes to complex litigation with millions of dollars at stake.He can be reached at email@example.com.