Bryan C. Rice is ready to assist you with business appraisal services. Generally, Business Valuation is the process of determining an estimate of value for the equity of a closely-held business enterprise using a set of established methodologies. Businesses are appraised for a variety of reasons, including the following:
- The owner or owners desire to sell the business;
- To assess the reasonableness of an offered price for a business or business interest or to use to make an offer for a business or interest therein;
- An owner wishes to sell his interest in the business;
- The business or interest therein must be appraised for Federal Estate or Gift Tax purposes;
- A dispute between shareholders or partners necessitates a buy-out, or redemption, of one of the shareholders or partners;
- Corporate governance requires a periodic valuation;
- The value of a business or business interest must be determined due to the divorce of an owner;
- To determine the loss of value due to the destruction of a business that has been destroyed or permanently impaired by the actions of a third party;
- To determine a loss in value due to the oppression of minority shareholders or to non-compliance with contractual agreements to transfer ownership of a business or interest therein.
The process of business valuation generally includes the following steps:
- Determine the reason for the appraisal
- Establish an understanding as to the scope of the report that will be required depending on the reason for the appraisal
- Establish a range of fees or fee estimate for the appraisal
- Determine the appropriate standard of value for the appraisal
- Request the documents and information that will be required to perform the appraisal
- Analyze the information and perform industry and economic research
- Apply business valuation methodologies appropriate to the engagement
- Communicate the opinion of value
Bryan and his team have appraised numerous businesses across a wide range of industries as well as a number of different types of professional practices.
