Purpose of Business Appraisals
The purposes of the appraisals we prepare serve many different needs. Some of the most common purposes include:
Buy Sell Agreements
Buy Sell Agreements often call for an appraisal by an accredited unrelated third party.
Mergers, Consolidations, and Conversions from C to S corporations
The establishment of fair market value of a business at the time of the transaction.
Shareholder disputes need not be adversarial to require an independent opinion of value.
Information that may be needed to either plan for tax issues or for potential sale of interest to an arms-length buyer.
Gifting of Stock
Gifting stock of a closely held business to immediate family needs to be supported by an independent valuation of the business.
Litigation Support may include expert testimony, preparation for deposition, and critical examination of others' reports.
The determination of the value of marital property involving more than one date in time as well as conformity to the specific precedence of the jurisdiction involved. Professional practices have unique factors that need to be considered in the context of legal precedence.
Economic Damages Calculations
Economic Damages calculations can be provided for quantification of the loss incurred due to breach of contract, wrongful death, personal injury, wrongful termination, sex or age discrimination, patent infringement, or any other type of litigation requiring this type of service
ESOP - Employee Stock Option Plans
Employee Stock Option Plans require not only an independent initial valuation but regular annual valuation for the protection of the stock holders. Special provisions of the Department of Labor are a mandatory part of the valuation process.
SFAS 141 & 142 Goodwill and Impairment
SFAS 141 & 142 Goodwill and Impairment is of concern not only to publicly traded companies but to those presenting financial statements to lenders for consideration when there is present on the balance sheet a value for the goodwill of acquired assets or stock of another business.