If you own a business, want to protect your wealth, determine how much an asset is worth or dispute lost wages and expense, you will, at some point, need the services of a valuation professional. We provide business valuation and lost wage and expense services and reports to business owners, CEOs, attorneys, CPA’s, and financial planning professionals for the following purposes:
Estate and Gift Taxes
Mergers and Acquisitions
Litigation and Disputes
Marital Dissolution (Divorce)
Shareholder Buy/Sell Agreements for Succession Planning
Employee Stock Ownership Plans (ESOPs)
Our reports are prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), as promulgated by The Appraisal Foundation and the Code of Professional Conduct and Statements on Standards for Consulting Services promulgated by the American Institute of Certified Public Accountants (AICPA).
Business valuation is a complex process, requiring broad knowledge of accounting, finance, economics and business, expert application of recognized valuation methodologies and adherence to strict professional standards.
We will first seek to understand the Client’s needs and that of his advisors (attorneys) and recommend an appropriate valuation solution. If a valuation report is required, there are several levels of assurance, depending on the client’s need.
An Appraisal Report (also known as a full opinion) is most appropriate for large gifts of fractional interests, estate valuations, ESOPs, sale of a business, and matters regarding litigation. An independent appraisal is fully supported with market based studies and empirical evidence of value.
A Restricted Use Appraisal Report contains all of the required elements of an appraisal report, but is more limited in scope. The scope limitations are those elements of appraisal that are not particularly relevant to the business under appraisal.
Limited Opinion of Value: This appraisal is a valuation estimate based on all valuation methods appropriate to the business. Under the scope limitations, it may not contain information on the national and regional economies, industry analyses, and comparative financial information.
Calculation of Value: This is a business valuation report that does not contain an opinion of value. It is also known as a consultative report and is an excellent planning tool. It is a limited report that is based on the economics of the subject and may provide value ranges.
Lost Wage and Excess Expense Reports: These reports used information provided by doctors and attorneys to calculate the amount of money lost by plaintiffs in civil action proceedings.
Whatever its purpose, a business valuation is a widely used discipline that can play a key role in achieving your financial goals and objectives.