Forensic & Valuation Services
We assist attorneys and their clients in the financial aspects of disputes involving marital dissolution, commercial litigation, and corporate/fraud investigations. We are experienced at preparing court exhibits that show complicated financial information in simple, graphic format.
Services we provide:
- Accounting Reconstructions
- Asset Tracing
- Business Valuations
- Damage Calculations
- Divorce Planning
- Document Requests & Management
- Economic Damages
- Evaluation of Other Expert Reports
- Expert Witness Reports & Testimony
- Fraud Detection
- Intellectual Property Litigation Support
- Interrogatories & Deposition Questions
- Lost Profits Analysis
- Settlement Calculations & Proposals
- Shareholder Dispute Resolution Services
Often when a business owner nears retirement age, he or she might start thinking about getting his or her business appraised. In recent years, valuations have a much greater significance. Why should you consider a business valuation?
Business owners are turning to appraisals for strategic purposes. If you need to obtain outside financing to cover certain expenses for instance, valuations can be used as leverage when seeking investors or lenders financial help.
If you are planning to sell your business, a valuation will not only estimate how much your company is worth, but also offer insights into how you can improve it. If you’re a potential buyer, your appraiser can scrutinize any assumptions the seller’s appraiser uses to justify the sale price. Even if a business sale or purchase isn’t in the foreseen future, business owners still need buy-sell agreements to guard against a partner’s sudden death, disability or withdrawal from employment.
Valuations are often necessary for reasons not directly related to the company in question, like divorce. Chaotic or emotional events, increase the risk that business issues are mishandled or ignored. Obtaining a valuation before such life changing events can be a protective measure.
Another example is estate planning. A company’s value affects the tax-related costs of selling, gifting or bequeathing its business interests. Failing to estimate value properly may leave your heirs with a sizable estate tax bill that could force them to sell your company after your death.
You can e-mail Kris Hallengren at KrisH@wcscpa.com, call 410.339.6464 or use the contact form on this page.