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• Estate Tax and Gift Tax Valuation
• Small Business Administration (SBA) Financing
• Exit Planning Business Valuations
• ESOP Appraisals
• Merger/Acquisition Valuation
• SFAS 141 and 142 Valuation
• Additional Services

Valuation Reports

Estimate of Value

An estimate of value is our most basic level of valuation service offered. We estimate your Company’s fair market value using commonly accepted valuation approaches deemed by us to be most appropriate. An estimate of value report is based on the gathering of limited relevant information and application of limited valuation procedures. Our estimate of value is communicated in the form of a small bound report that consists of our valuation schedules with a two page cover letter. An estimate of value is not an opinion of value. Furthermore, an estimate of value is not in conformity with the requirements for an appraisal as required by the Uniform Standards of Professional Appraisal Practice (USPAP). However, an estimate of value does provide the business owner with an estimate of the approximate value of their business without incurring the additional costs associated with an opinion of value.

Restricted Use Appraisal Report

A restricted use appraisal report is an ideal report when the client/business owner desires an opinion of value from an appraiser but the valuation will only be used internally by management. In these situations, we can "deviate" from the Uniform Standards of Professional Appraisal Practice (USPAP) and provide you with a report that does not include all of the narrative that is required in a comprehensive opinion of value appraisal report. The restricted use appraisal report includes a full description and write up of the Company's historical financial performance, adjustments made to income, expenses, assets & liabilities, and valuation methodologies considered and utilized to determine our opinion of value of the Company. The scope of the valuation services that we perform is identical to the scope of services provided when we prepare a comprehensive opinion of value appraisal report. However, key sections of the report can be abbreviated or omitted at the request of the client (such as the full write up about the history and operations of the Company, the current economic environment and the industry in which the Company operates) to help reduce project fees. Thus, the restricted use appraisal report provides the business owner with an opinion of value for their business without incurring the additional costs associated with preparing a comprehensive opinion of value. However, it is important to note that this type of report cannot be used in situations where the appraisal will be relied upon by outside parties (e.g. gift and estate tax filings, ESOP regulatory compliance, etc.)

Comprehensive Opinion of Value

A Comprehensive Opinion of Value report is our highest level of valuation service offered. Our opinion of your Company’s fair market value is determined through consideration and application of one or more methodologies from all three commonly accepted valuation approaches. Our opinion of value is based on the gathering of all relevant information and the application of extensive valuation procedures including, but not limited to, a complete review and analysis of the Company’s history and operations, analysis of historical and projected financial data, and analysis of the economy and the industry in which the Company operates. Our comprehensive opinion of value is communicated through a bound report that consists of our valuation schedules and a detailed report narrative that can vary from 40 to over 100 pages in length. The comprehensive report is an Appraisal Report, pursuant to Standards Rule 10-2 of the Uniform Standards of Professional Appraisal Practice (USPAP). The comprehensive report provides a complete review, analysis and discussion of the history and operations of the subject company, all relevant financial data, an industry and economic analysis, a discussion of all valuation methods utilized, analysis and discussion of valuation discounts (if appropriate) and our final reconciliation of value resulting from the various methods. The comprehensive opinion of value provides the business owner with a completely self-supporting valuation report. The comprehensive opinion of value is most commonly utilized for gift and estate tax purposes to satisfy the adequate disclosure rules set forth by the Internal Revenue Service (IRS) or for ESOP valuation purposes to satisfy the Department of Labor (DOL) requirements.