|
Divorce and
Estate & Gift Tax
Last time I mentioned 3 of
the 9 different scenarios we’ve identified where your clients
may WANT or NEED a business valuation.
They were:
1) Commercial or Project
Financing,
2) Financial and Tax
Reporting and
3) Personal Financial
Management.
Today I want to briefly
touch on two more of them.
The
first scenario is Estate & Gift Tax.
If your business client has
a partnership or LLC interests, then the
gifting of closely
held stock necessitates an independent valuation, to provide
an objective analysis as to the fair market value of the
business at the time of the ownership transition.
The second scenario and unfortunately the most common one
you’ll run into out of all the 9 different scenarios is
Divorce.
Your client’s business is
typically their largest joint marital asset and the most
complex to value. In the divorce process, a
business valuation
will either be court appointed or voluntarily engaged, to
facilitate a friendly and fair distribution settlement.
With that you’ve now
completed your general overview of 9 of the most common
business valuation scenarios you’ll likely be involved in with
your clients.
As I’ve mentioned before
the best way for your clients to think of you if and when
these situations come up in their business is to talk and
communicate with them about these specific issues.
In previous emails I’ve
attached marketing materials that you can duplicate and
personalize and distribute either physically or electronically
via emails or on your web site. I encourage you to do both.
Just remember whether
you’re approaching YOUR clients OR THEY are approaching you
about a potential business valuation situation, if you want
some advice or coaching you’re always welcome to call me at
800-800-1776 extension 52.
If you want to listen to
this information in audio,
just click on the link and it will
take you back to the audio postcard. Congratulations
again for joining our Business Valuation network. This is Troy
Patton and I’ll talk with you soon.
How To
Start Your Business Valuation Process:
Our process consists of
only a few steps to start a valuation for your client:
-
You contact us to find
our how much to charge for the valuation. Let us know the
industry, why the valuation is needed, and the size of the
company.
-
We will prepare and send an
engagement letter to your client from our firm which they
will sign and send back to us with payment in advance.
This takes the risk and conflict of interest out of your hands
and off your E&O
Insurance. (This is how 98% of our valuations are
prepared. The others we prepare are for firms who want their
name on the valuation.)
-
Complete the input forms
for the valuation (we will provide them to you) and then you email them
back to us.
-
We will complete the
valuation and email a copy of it to you for review before
we issue the report to the client.
-
You get paid. It's that simple.
Patton Business Valuations
becomes your outsourced partner for business valuations
where we prepare the valuation, deliver it to you to present
to your client (or deliver it directly to your client if you
prefer) and you make nearly $800 to $1,200 for a few
hours of work.
Our standard pricing is
just $2400 for a Divorce valuation, $3000 for
Buy/Sell and $3600 for an Estate valuation. For
any other type, just email me at
tpatton@pattonvaluations.com or call me toll-free at
800-800-1776.
|
 |
To get started on a valuation
right now call me at
800-800-1776, I'm at extension 52 and if I'm not in
just leave me a message. |
|
Troy C. Patton, CPA |
|
|
PRIVACY POLICY -
Patton Business Valuations respects you and your
Client's privacy and
will not give, rent, sell or lend your Client's contact
information, business valuation information, email address or
other contact information to any outside 3rd party,
group or company. |
Call our offices at 800-800-1776 if you have any questions or if you have another client in need
of a Business Valuation.
|
