In the normal course of business, the actual fair market value of an ownership interest in a closely-held company is frequently needed.
This need for a company value can arise for a number of reasons:
- The possible purchase or sale of a closely-held business, either in total or in part
- For estate tax purposes following the death of an owner
- For use in succession planning during the life of the owner
- In litigation matters
- To determine the value of a closely-held business for gift planning
The types of closely-held businesses which can be affected include:
- Corporations controlled by an individual or small group of owners
- Sole Proprietorships
Carney, Alexander, Marold & Co., L.L.P. provides valuation services for closely-held businesses. David J. Rogers, CPA/ABV, a partner in the firm, has performed valuations for many years. He is uniquely qualified to assist in this area. Mr. Rogers has attained the ABV designation which is awarded to CPAs who have active involvement in the valuation area and pass an 8-hour examination on valuation principles and methodology.