FAQ

Frequently Asked Questions

1. Why should I have my business valued?

2. What are some of the challenges potential clients of valuation services face?

3. Who usually hires you and how is the process coordinated?

4. What is the difference between an appraisal and a valuation?

5. When I hire an accountant, I typically expect that s/he is a CPA. What do I look for in hiring a business appraiser?

6. Can I have my company’s CPA value my business instead of hiring an independent business appraiser?

7. Do you provide real estate appraisals or valuations of other fixed assets?

8. How long should it take to get my business appraised?

9. How much does a business appraisal cost?

10. Can a ballpark estimate of value be determined just by looking at the numbers?

11. How do you value a closely-held business?

12. What are some of the most common methods to value a business within these three approaches?

13. Why aren’t you valuing my equipment and other fixed assets individually as part of valuing my business?

14. What is “fair market value” and how might it differ from what a buyer might pay for a business?

15. What is Revenue Ruling 59–60?

16. Once I obtain a business valuation report, how long is it good for?

17. I am gifting shares of my company’s stock to my children (or my company is converting from a C Corporation to a Subchapter S Corporation). Why should I hire a business appraiser?

18. Given the fact that I am obtaining an appraisal in connection with a litigation situation, will you be able to testify about your value conclusion?

19. Is my company impacted by FASB’s Statement of Financial Accounting Standards ASC 805 and 350?

20. Our firm will be needing a valuation of its common stock in connection with IRC Section 409A and ASC 718. Given that we have both preferred and common stock, how will you approach the valuation of our common stock?