Who is truly qualified to conduct the appraisal for my business?
Professional business valuation is a very specific skill that requires considerable training, expertise and recent experience. Most local accountants are not qualified in this specialized area. It is usually best to use a professional level firm that does nothing but business valuation, and does hundreds of them every year. Another important aspect is that the appraisal should be conducted by an independent third party. Even if your accountant is qualified in business appraisal, he still doesn’t have an “arm’s length relationship” with the business. Through our sister company, Merrimack Business Appraisers, we offer comprehensive formal appraisals as well as restricted use appraisals for all of your business valuation needs including: transfer of ownership, dispute resolution (shareholder and divorce), and tax matters (gift, estate, impairment and capital gains). One of the first questions people usually ask is “How did you come up with that price?” If the answer is “My accountant, fri
