Congratulations are in order! Audit Partner, Jeff Yennie, has completed the demanding process of obtaining his Certified Valuation Analyst (CVA) certification. From the National Association of Certified Valuators and Analysts: What is a CVA? The CVA designation is an indication to the business, professional, and legal communities…
With the drastic increase to the estate tax exemption in 2018, far fewer estates have been required to file Form 706, the Internal Revenue Service’s estate tax return. As such, one would think there is no need for an appraisal of the decedent’s business. However, a business valuation can still…
After reading hundreds of buy-sell agreements (or operating agreements for LLCs) over the years, I thought I would share some of the tips and reminders of making sure you have a good one. First bit of advice: work with a really good attorney for drafting! Second bit of…
You have spent decades building your business but the time to sell is on the horizon. What now? From a valuation perspective, consider the following: Clean Financials– Ensure no personal expenses or assets used for personal use are on the books. Go through your depreciation schedule to exclude any fixed…
Starting a business or being your own boss can be incredibly satisfying and fulfilling. Businesses provide financial flexibility unlike when one is employed, and can act as a source of inheritance for your beneficiaries or spouse. The new venture requires an individual with perseverance, because it will take the owner…
Do you know the various project types offered by the Business Valuation Team at Ketel Thorstenson, LLP? Traditionally, the Team has offered business appraisals for various industries and various purposes including gift, estate, marital dissolution, buying and selling, shareholder dissolution, etc. However, the Team is so much more than…
