Consider the following two factors:
1. What is the intended use of the appraisal and who will be using it?
2. What level of assurance do you want?
If the purpose of the appraisal is to send the report to the IRS, an Appraisal Report is required because it meets the guidelines established under IRS Revenue Ruling 59-60. This type of appraisal is used for filing an estate / gift tax return, ESOPS, charitable contributions and calculation of built in Gain for S Corporation election or any tax matter that will be brought before the IRS.
If the subject report is to be used by the court, in litigation or divorce proceedings, we highly recommend a Complete Appraisal.
You should also be aware of increased scrutiny by the IRS of appraisers and the reports they generate. The IRS follows the guidelines established by the Pension Protection Act of 2006 for "qualified appraisers and qualified appraisals." This means, who prepares your business appraisal, is just as important as who will use it.
National Equipment Appraisal's reports are accepted by the IRS, banking regulators and the courts.
Level of Assurance:
The level of assurance is greatest with a Comprehensive Business Appraisal, less so with the Value Calculation and Market Report and least with the Broker Opinion Letter. Our experience shows that business owners who have relied on our Comprehensive Business Appraisal and we have subsequently taken their companies to market sell faster than industry averages by about 40%.
Only you can determine the level of assurance that is best for your situation. Call National Equipment Appraisal before you engage because our advice may save you time, money and reulatory oversite recommendations in the future.
Since 2004 our performance is outstanding with 100% on-time delivery. If we cannot meet your timing and schedule, we will not accept the assignment.
We base our fees on the time involved and complexity required.
We know every job, like every company, is unique and for this reason, we strongly urge you to call us and to talk about your appraisal project. That's why we offer a free, no-obligation fee proposal. When we talk you will get to know us and we'll make recommendations to cost effectively deliver the appraisal report that best suits your needs. Often times we can limit the scope of the project and save you money.
If a Business Valuation is required and we perform the machinery and equipment appraisal at the same time, you will save money because our cost is less and we pass along the savings to you. What's better yet, you will have a single contact for the entire business valuation project.
Before we start any engagement we confirm, in writing our full understanding of the assignment, your scheduling requirements and our fees. All of our engagements are fixed fee which means we won't nickel and dime you with extra miscellaneous charges and there will be no surprises.
It depends, some businesses are saleable; others are not.
Mark Richardson, the company's founder, is experienced and has been a broker for more than 30 years. He specializes in the sale of privately owned companies and is an expert on local market conditions.
Business Sales are transacted through JMR Capital, Inc., a certified merger and acquisition company and licensed real estate broker. (DRE01815017)
You can learn more about JMR Capital, Inc. and Mark Richardson and find informative articles about buying and selling a business by visiting the company's website.
National Equipment Appraisal, its appraisers and their work product comply with IRS definitions for "qualified appraisers and qualified appraisals" as outlined in the pension protection act of 2006. Certified Machinery and Equipment appraisals are prepared to the rules and standards of the Uniform Standards of Professional Appraisal Practice (USPAP).
This means our work product is accepted by the IRS, courts and banking regulators.
Value to You
• We are advocates of the appraisal, not of any person or entity.
• We are experts at locating and determining substantiated values on the equipment we appraise. We hold and promote the ethics and reporting guidelines of the Uniform Standards of Professional Appraisal Practice (USPAP).
• We stand behind our work - the Certified Machinery and Equipment Appraisal reports we issue are defensible, substantiated, and withstand scrutiny by financial institutions and their regulatory agencies, taxing authorities, and the courts.
• National Equipment Appraisal and Mark Richardson and their work product comply with IRS definitions for "qualified appraisers and appraisals" as outlined in the Pension Protection Act of 2006.
• A certified equipment appraisal removes doubt, substantiates loan values and reduces audit risk. Bank examiners concur.
• If a business valuation is required, National Equipment Appraisal can save you time and money by performing the entire appraisal project.
• We are experienced in buying and selling used assets and have been doing so for 30+ years.
• National Equipment Appraisal offers a professional performance Guarantee and has a 100% on-time performance record. You will receive the appraisal on-time, every time.
That's why we are successful and are called upon by business owners, lenders, CPAs, attorneys and the courts to objectively value equipment.
To discuss your appraisal project, please contact:
National Equipment Appraisal
United States and Canada Certified Appraisal Division
Telephone: 877-282-7146 ▪ Personal 714.282.7146