Gaines Kriner Elliott LLP - Buffalo NY - Western New York

The answers to these questions may seem relatively simple and easy to discuss and a logical conclusion may seem within reach. But if ever there was a way for 2 + 2 to NOT equal 4 it is in the valuation of a privately held business.

The valuation of a business is as much an art as it is a science. The history and statistics of the business are examined objectively and are used to determine a subjective value.

A business valuation may be needed for many situations:

Estate and gift taxes
Marital dissolutions
Employee Stock Ownership Plans (ESOPs)
Liquidation of a business
Financing purposes
Goodwill impairment for Financial Reporting
S Corporation Built-in Gains Tax

Charitable contributions
Buy-sell agreements
Shareholder disputes
Litigation for damages
Insurance claims
Mergers and acquisitions
Purchase price allocation
Life Insurance

There are many accepted methods to use in determining the value of a business. What is often overlooked is that these methods are merely a starting point.

A fair valuation can be especially difficult to determine because there are many factors to consider, such as:

Proper use of asset appraisals
Going concern or goodwill factors
Ease of entry into the market
Economic adjustments to historical financial statements

Competitiveness of the business
Environmental considerations
Economic conditions

Gaines Kriner Elliott LLP has extensive expertise in providing valuations for many different needs. Our team of Certified Valuation Analysts (CVA) is spearheaded by Daniel Koscielny, CPA/ABV, CVA, and Rocco Surace, CPA/ABV, CVA. By applying our experience we have been very successful in negotiating sales and purchases of businesses, litigation settlements, estate and gift transfers and shareholders agreements.

Gaines Kriner Elliott LLP possesses the skills needed to provide specialized business valuation services to meet your needs.