Business Appraisals
Paige Appraisals, LLC offers a wide range of
Business Appraisals and Valuation services for a small to medium size business. The
following is an overview of the business valuation process and
appraisal services we offer:
Business Appraisal Services:
BUY-SELL TRANSACTIONS:
We help define the value for buying or selling of a business or professional practice. We can also establish the value for partial ownership interest.
Value is can also be established to avoid potential future problems for
stockholders and partnership buyouts. This valuation process can
greatly simplify negotiations during the term of the operating
agreement.
BANK FINANCING & SBA LOANS:
An independent business appraisal
is required for certain SBA loan packages. We prepare a "summary
limited" appraisal report following SBA's Standard Operating
Procedure (SOP) guidelines 50 10 5(b) effective September 1, 2009
and the Uniform Standards of Professional Appraisal Practice (USPAP)
requirements for lending purposes.
INTANGIBLE ASSETS (Intellectual Property):
For economic analysis and valuation purposes, it is often
necessary to distinguish between tangible and intangible assets, as
well as between real property and personal property assets. These
distinctions are important for a variety of accounting, legal,
financial and taxation reasons.
Financial Reporting Valuation (Intangible Assets and
Goodwill):
Financial Accounting Standards Board (FASB)
requires valuation services for allocation of the acquisition
purchase price among tangible assets, identification and
classification of any intangible assets, such as, patents,
copyrights, trademarks, trade secrets, etc. for compliance purposes.
OUR BUSINESS VALUATION PROCESS
Paige Appraisals, LLC goal is to make your experience with
us a good one. The following provides you with an overview of a
typical business valuation/appraisal assignment.
Step 1 - The Consultation:
Under this phase we ask specific
questions to get a clear picture of your situation and need for a
business valuation. We will provide you with solutions and any
recommendations concerning your particular issues or and
answers to
your questions.
We charge no fees consultations, and you are under no
obligation.
Step 2 – The Engagement Phase:
After conducting a needs
analysis and plan to address your needs, we will prepare a
"professional service agreement" explaining in detail what is to be
valued, along with the purpose or use of the appraisal results. The
agreement will outline our fee costs and arrangement for payment.
Step 3 – Documentation:
This phase requires us to obtain
necessary and relevant information to perform the appraisal. As in
most business valuation assignments, we will provide you with a
"request for documents" and "questionnaire" forms for your
completion.
Step 4 – The Valuation:
During this period we analyze
financial information and adjust operational cash flows. We search
for economic and industry demographic information relating to your
particular business or practice. We then reconcile the different
indications of value produced by various valuation methods to form a
final opinion of value.
Step 5 - Reporting:
Paige Appraisals offers a wide range of
appraisal services to fit your needs. You can choose from of one
three standard types of business valuation reports (Formal, Limited
or Restricted Use) base on your needs and budget.
Each reporting style is different and recommended based on
the purpose and use. The following is short description of the
different types of business valuation reports that we offer, along
with a short description.
Formal Appraisal Report is a comprehensive study of the
business, its markets and industry in which it competes. We analyze
five-years of financial information, along with conducting an
on-site visit and interview the owner or management. Generally
applicable for: IRS filings and litigation.
Limited Appraisal Report is a selective study of the
business with limited market and industry analysis. We will analyze
three-to-five years of financial information. We interview
management and may conduct an on-site tour of the business.
Generally applicable for: Mid-size buy/sell transactions, family
succession planning and intellectual property.
Restricted Use Appraisal Report provides an estimate of
value without any supporting documents. This report type omits
non-essential information and is intended and restricted to internal
use only. Generally applicable for: verification of purchase price
and smaller buy/sell transactions.