"Every CEO or president of a company should have a current business valuation in his or her desk drawer," says Bruce Bingham, senior managing director with Trenwith Valuation in New York. "It's the only way to make informed decisions about the direction your company should take."

Bingham is right on the money. In fact, top business valuation experts convened recently in that unlikely of all conservative places, Las Vegas, to discuss emerging issues including a company's fair value, the ins and outs of determining the worth of private equity funds, the worth of intangibles, and new regulations governing business.

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