Business appraisals & valuations are serious business. Because they are used for a variety of intended uses, it is important that you chose an appraiser who not only meets your needs but carries the requisite training, certifications and expert knowledge to provide a report custom tailored to your needs. George & Company provides certified opinions of value for all purposes. Whether a divorce, stockholder action, economic damages, potential sale of your company, ESOP, exit planning or general knowledge -- you should do your due diligence in reviewing the credentials of each appraiser before making an informed choice.
- Does your appraiser have expert witness experience in the courtroom?
- Is the appraiser current with recent court opinions and case law?
- Have they set legal precedence with their reports?
- Do their reports clearly and concisely indicate how the opinion of value was reached?
- Does the appraiser have a team of analysts available to expedite the process?
When Rule of Thumb can be Rule of Dumb
Beware of business brokers offering a free “evaluation”. While even we offer a market based Rule of Thumb basic opinion of value, Rules of Thumb can be Rules of Dumb without being in possession of all the relevant factors required to opine on value. The Uniform Standards (USPAP) for business appraisers dictates a minimum of 3 valuation approaches be examined. George & Company typically will examine up to 8 appraisal metrics to insure a valuation you can bank on. More and more CPA’s are entering the business appraisal field but they lack the understanding of what the marketplace is paying. Properly trained business brokers and M&A intermediaries possess the “in the trenches” knowledge of actual multiples being paid.