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When a business valuation is necessary, it is vital to have a thoroughly documented appraisal report prepared by a competent, professionally qualified appraiser. Complex laws and court interpretations of the laws require greater attention to fiduciary responsibilities by business professionals, especially where potential litigation may be involved. Through its affiliate, Ascend Capital Group provides business valuations for simple to complex valuation situations. Business valuation services are available for:

  • Buying, selling all or partial interest in a business

  • Valuation of majority and/or minority interest of stock in closely held businesses

  • Business financing (SBA, conventional) or insurance (business or life)

  • Succession, exit strategy, estate tax planning or gifting purposes

  • Initial implementation of an Employee Stock Ownership Plan (ESOP)

  • Corporate or partnership dissolution, including valuations to contest buy-sell agreements or divorce

  • Litigation support

Throughout the valuation process, we work closely with your management team in gaining an understanding of the business and company-specific factors that may affect value, as well as in developing financial projections. This exploratory phase of the project aids in establishing the best method for valuing the business and elements for business valuation.

Appraisal types range from a Complete Self-Contained Report to a Summary Report to a Calculation of Value. The approach and methods used differ based on compliance with the requirements set forth by the American Society of Appraisers, Institute of Business Appraisal, as well as the Internal Revenue Service Rulings and precedent setting court cases.

Calculation of Value (or "Value Calculations"):
The objective of a Calculation of Value is to provide an approximate indication of value based upon the performance of limited procedures agreed upon by the appraiser and the client. Although we try to follow USPAP, calculation reports are not officially considered an appraisal by the Uniform Standards of Professional Appraisal Practice, however it does allow for "adequate" and "reasonable" care to our clients. Developed for our business intermediary clients, Calculation of Value reports are utilized to provide a "preliminary" value for the broker to list their client's business for sale and to be utilized until a Complete Appraisal is required.

Turnaround Time: 5-7 business days to the preliminary draft phase

Complete Appraisal – Summary Report:
Also called an "Abbreviated" or "Letter Form Written Report", this abbreviated form of report is the minimum level of reporting embraced by the Institute of Business Appraisers (IBA) – BV Standards, but still meets USPAP requirements. The report contains at least a summary of the material factors that leads to the conclusion, but is usually intended to reduce the normal appraisal burden of writing a comprehensive report, and thereby allowing the client to realize some economic benefit. However, the appraiser is still required to perform materially the same investigation and analysis as would be required for a complete self-contained report and maintain in his/her files the work papers necessary to support the conclusions stated in the summary report.

Turnaround Time: 4-6 weeks to the preliminary draft phase

Complete Appraisal – Self-Contained Report:
This is a formal presentation of the value of a business in a self-contained written report. If a valuation has the potential to go to court or if the report needs to be reviewed by others, such as the IRS for tax implications, this type of report explains in full detail how the value was derived. Uniform Standards of Professional Appraisal Practice (USPAP) and American Society of Appraisers (ASA) address the above as a "Comprehensive, Written Business Valuation Report". The Institute of Business Appraisers (IBA) addresses the above as a "Formal Written Report".

Turnaround Time: 6-8 weeks to the preliminary draft phase

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