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When hiring a firm to prepare a business valuation, you should seek a firm that will provide a sound and defensible position of the company’s value. Business valuation is more an art than a science, and determining the value of a closely-held company without an established market value takes thorough research of the company, industry, economic environment and marketplace. RMSBG is experienced in performing just that type of research and can provide you with a valuation report and testimony that is sound and defensible. Our valuation professionals have advanced certifications in business valuation. Les Solomon, CPA, ASA, ABV directs the firm’s valuation services department.
Business Valuation
These services focus on assisting clients, attorneys, and others in estimating the fair market value, (or other appropriate standard of value), of closely held entities for various types of litigations, estate and gift tax planning purposes and shareholder agreements. The types of litigations include family law matters, dissident and oppressed shareholder lawsuits and partnership disputes. For estate and gift tax planning, valuations are prepared in conjunction with the transfer of the common stock of closely held entities to family limited partnerships, charitable remainder trusts and other similar type transactions. We also have expertise in assessing the value of intellectual property, celebrity goodwill and professional licenses.
Valuations for Financial Reporting
Companies without internal valuation expertise must comply with the latest Financial Accounting Standards Board (FASB) and International Financial Reporting Standards Board (IFRS) pronouncements. Due to Sarbanes-Oxley, AICPA and international independence regulations, companies can no longer ask their independent auditors to perform non-audit valuation services. As a result, public and private companies are turning to independent firms, such as RMSBG, to assist with their valuation needs.
Working with information provided by management, we utilize the most current methodologies to determine fair values and guide you through the process; ensuring that complex transactions are properly recorded and supportable under scrutiny of the SEC, IRS and analysts and others. Services we provide relating to financial reporting valuations include:
- Stock Option Pricing & Restricted Stock - FAS 123r
- Purchase Price Allocation - FAS 141
- Goodwill Impairment - FAS 142
- Long Lived Asset Impairment - FAS 144
- Fresh start accounting – SOP 90-7
- Fair value reporting of investment portfolios
- IFRS Business combination reporting
- Derivative valuations – FAS 133
- Financial Instruments with Characteristics of both Liabilities and Equity – FAS 150
- Fair Value Measurements/Fair Value Option - FAS 157 & 159
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