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Appraisal Overview
There are a variety of reason that it is essential to have a certified appraisal done. You can’t just guess what your equipment or valuables are worth when you are working with lenders, financiers, CPA’s or the court system. They all rely on expert valuations that can be substantiated and held up in court.
Here are the top reasons why you need to obtain a certified valuation:
Business Valuations for the Sale or Purchase of your Business- Financing and Lending (Leases, Purchases, etc.)
- Buy/Sell Agreements
- Insurance Valuations
- IRS Tax Purposes
- Property Taxes
- Gift and Retirement Planning
- Mergers and Acquisitions
- Divorce Settlements
- Estate Settlements
- SBA Loans
- Trust Agreements
- Partnership Agreements
- 1031 Exchanges
- Litigation Support
- Sarbanes-Oxley Act of 2002 (SOX Compliance)
- SFAS 141, 142 (Application of Goodwill Accounting)
- GASB 34 Requirements (Governmental Accounting Standards Board for the Valuation of Infrastructure Assets)