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Q: Why do I need a business valuation for my divorce?
Q: What is a business as it pertains to divorce?
- Corporations, Partnerships, and LLCs
- Sole Proprietorships
- Professional Practices – Professional practices include medical practices, dental practices, law practices, accountants, architects, financial consultants, IT consultants, and other consulting services. The practicing party does not necessarily have to be required to be licensed by a governing agency to be considered a professional.
- Agencies and Franchises
Q: What are the different types of business valuations?
Q: Is there a difference in cost between a Conclusion of Value and a Calculation of Value?
A: Yes. The steps required for a Conclusion of Value are more extensive than those performed for a Calculation of Value, so a Conclusion of Value engagement costs more. While each engagement is unique, you should expect to spend $3,500 to $5,000 for a Calculation of Value and $8,000 to $40,000 for a Conclusion of Value.
Q: Why does a valuation cost so much?
Q: What information must I provide for the business valuation?
- Corporate Tax Returns for five fiscal years prior to the date of valuation. (Required)
- Owners’ Personal Tax Returns five fiscal years prior to the date of valuation. (Required)
- Balance Sheets for five fiscal years prior to the date of valuation and as of the Valuation Date. (Required)
- Income Statements for five fiscal years prior to the date of valuation and as of the Valuation Date. (Required)
- Asset list and detail depreciation schedules. (Required)
- W-2’s or Annual Payroll records for officers/owners (Required)
- All Operating Agreements (LLC), Shareholders’ Agreements (Corporation), or Partnership Agreements
Providing as much information as possible in a timely manner will assist the valuator in completing the valuation quickly and accurately.
Q: How long does it take to complete the business valuation?
Q: Do I need to hire a professional business valuator or can my CPA do the valuation?
Our business valuators are bound by the professional standards to the National Association of Certified Valuators and Analysts (NACVA). This ensures that all work performed and reports issued will comply with the standards required of an expert who may be called upon to testify in court.