Biography

Louis Young is the director of client services with WithumSmith+Brown, PC. He manages business practice issues, regulatory oversight issues and state tax compliance. He also provides assistance with business brokering and business development. His responsibilities include coordinating specialized services for clients. These include, but are not limited to, line-item benchmarking, internal controls, financial statement analysis, fixed operations financial analysis, information safeguarding, operational reviews and warranty analysis.

He assists clients with state regulatory oversight issues, including general compliance, consumer affairs and sales tax issues. He has extensive experience in finance, with emphasis on the automotive industry. He has performed corporate financial planning, automotive factory financial statement analysis and departmental internal control analysis. He has also been involved with mergers and consolidations and cash flow planning.

As a Certified Valuation Analyst, he has been engaged to perform valuations primarily of closely-held companies and family limited partnerships. These valuations have been performed for estate and gift tax purposes and purchasing and selling businesses. He has specialized over the years in analysis of the financial impact for dealerships that have lost their franchise, had their franchise territory infringed by another dealership or had their franchise (brand) eliminate. He also provides assistance in the merger or acquisition of businesses in the automotive industry and markets the firm’s accounting and consulting services to this sector.

Louis participates on the New Jersey Business Taxation Committee, providing private sector advice to government leaders, and establishes ongoing relationships between the automotive retailing and automobile manufacturing industries. He is a recurring contributor to magazines and newsletters covering the retail automotive industry. He is a frequent speaker and presenter for many trade organizations, state dealership associations and dealership 20 groups. Louis has spoken to a variety of audiences within the auto dealership community and has presented a wide range of topics, including dealership profiles, state and federal regulations, franchise warranty reimbursement and dealership valuation issues.

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