There are many reasons for having a business valuation performed. These include:
- Selling the entire business or selling an interest in an entity
- Purchasing a new business or purchasing an interest in an entity
- Transferring or gifting company shares to family members or others including key management
- Estate planning or estate tax return occurrence where a business valuation is required
- Employee Stock Ownership Plan (ESOP) annual share price determination
- Creating or updating a shareholder buy/sell agreement
- Shareholder dispute
- Marital dissolution
- Other litigation matters
There are several different types of business valuation engagements that can be performed. Many times, the ultimate user or use of the report will dictate which type of report will be required. If the business valuation is required for Internal Revenue Service (IRS) purposes, the IRS requires that the report be a “qualified appraisal” from a “qualified appraiser.” We meet and exceed these requirements for tax assignments.
Our certified valuation analysts will conduct a thorough analysis of your business and prepare the appropriate report in a timely fashion. Valuation analyses performed by independent professionals usually reduces the risk of subsequent disputes or legal challenges, and helps avoid personal or emotional biases that might inappropriately influence decisions.
GRKB subscribes to the business valuation standards of the American Institute of Certified Public Accountants (AICPA) as well as the National Association of Certified Valuators and Analysts (NACVA). Many consider these organizations to be leaders in the field of business valuations. By following these standards, we demonstrate our commitment to providing clients with value conclusions that are supportable and credible. Furthermore, members of our team have served as consultants and expert witnesses in matters involving business valuations.