How can a Business Broker or other Affiliated members of the GABB work together?
Specifically, if a Business Broker, or an Affiliate of GABB such as an attorney or a CPA, who has a client who is in need of a statutory business appraisal in order to meet estate and/or gift tax needs, or for an ESOP, or for some litigation purpose such as a divorce or eminent domain, a qualified, certified business appraiser can assist in these matters. Additionally, a business appraiser can provide support in the case of a business sale if there is a need for an independent third party to verify or confirm the transaction. However, it is emphasized that a business appraiser is NOT intended to be a replacement for the Business Broker – only to provide support if needed. Furthermore, the fundamental value of a business or a business interest is very different for statutory purposes as the definition or standard of value is usually specified by some government regulation, law or by the courts, as opposed to the case of a business sale at arms-length between two specific parties as nego
