Valuation of Business Enterprises
and Other Financial Assets
Wallace & Associates has been specializing in the valuation of business enterprises and financial assets for over twenty years. Members of the firm are accredited by the American Society of Appraisers, the American Society of Certified Public Accountants, the Institute of Business Appraisers, and the National Association of Certified Valuation Analysts.
The majority of our engagements have concerned business enterprises throughout Northern California. The Firm has appraised businesses in a variety of industries including agri-business, real estate, manufacturing, service and high tech.
In addition to the valuation of equity interests in business enterprises, the Firm also values personal goodwill, business goodwill, covenants not to compete, intangible assets, purchase price allocation, and promissory notes (both secured and unsecured).
The Firm has been engaged to perform valuation services for a wide range of clients including the United States Attorney General, the California Attorney General, the Internal Revenue Service, the California Franchise Tax Board, Caltrans, various city and county agencies within Northern California, and national, regional and local law, CPA and CFP firms.
The Firm has valued a variety of business enterprises for estate and gift tax purposes. These valuations often require a determination of the appropriate valuation discount including minority (or lack of control), marketability, key man, portfolio and other discounts as applicable. The Firm has performed analyses of discounts for general and limited partnership interests, membership interests in limited liability companies, AS and AC Corporations, and undivided interests in real property. Over the years, the Firm has successfully defended its discount appraisals that have come under audit by the IRS.
The Firm has been engaged to perform valuation services for the following purposes:
Estate and Gift tax
Eminent Domain
Buy/Sell Agreements
Marital Dissolutions
Shareholder actions including dissident shareholder actions under Corporations Code Section 2000 (liquidation statutes)
I.R.C. Sub Chapter S Conversions
Charitable Donations
Litigation Matters
Mergers and Acquisitions
(For examples of recent business valuation performed by the Firm, click here.)
For more information on the Firm's valuation services, please contact:
John W. Toney, ASA, MBA
Kristoffer M. Hall, ASA
Paul D. Harms, CPA
Robert G. Wallace, CPA/ABV, ASA, JD