Questions to Ask a Potential Business Appraisal Firm

Updated: September 09, 2009

  1. Does the firm require its appraisers to be active members of the American
    Society of Appraisers (ASA) Business Valuation Discipline?


    (The ASA is the only recognized national appraisal association that tests
    and accredits business appraisers and is a member of the Appraisal Foundation.
    The Foundation is the quasi-governmental governing body that determines acceptable appraisal standards and appraiser qualifications.)

  2. Do the senior appraisers have one or more advanced professional credentials,
    such as: Chartered Financial Analyst (CFA); Masters of Business
    Administration (MBA); Fellow of the American Socitey of Appraisers (FASA);
    Accredited Senior Appraiser (ASA); Accredited Member (AM);
    Certified Business Appraiser (CBA)?

  3. Are the firm's appraisers experienced as business appraisal expert
    witnesses in Federal and State court systems?

  4. Does the appraisal firm, its reputation and its valuation methodology
    meet both legal and perceptual independence standards?

  5. Has the firm performed business valuations for a broad cross section of
    industries?

  6. Does the appraisal firm have experience in performing business
    valuations for a variety of purposes, such as:

    Allocation of Value
    Business Dissolutions
    Buy/Sell Agreements
    Charitable Contribution
    Damages
    Dissenting Shareholders
    Divorces
    Due Diligence
    ESOPs
    Estate Tax and Tax Planning
    Fairness Opinions
    Financing Opinions
    Financing
    Gift Tax
    Going Private
    Leveraged ESOPs
    Recapitalization
    Financial Reporting
    Stock Options

  7. Does the appraisal firm work exclusively in the area of appraisals?
    (Some firms may be more interested in non-appraisal seminars, investment
    banking, administration of ESOPs or pensions, ESOP promotion, or
    insurance sales.)

  8. Does the firm have enough full-time appraisers to provide for a balanced
    work environment and support for unique appraisal situations?

  9. Does the firm complete projects in 30 to 60 days from the receipt of all
    data and authorization to begin work?

  10. Does the firm require annual continuing education in business valuation
    for all its appraisers?

  11. Does the firm staff teach courses, seminars and continuing education
    classes for recognized professional associations?

  12. Does the appraisal firm prepare all full valuation reports in conformity
    with the "Uniform Standards of Professional Appraisal Practice" as set
    forth by the Appraisal Foundation?

    (The Appraisal Foundation, has been recognized by the United States
    Congress in legislation as the standards and qualification setting
    organization for the appraisal profession.)



Featured Research
  • 7 Signs it's Time to Upgrade Your Video Conferencing System

    We’ve widely covered the importance of video conferencing tools for businesses of all sizes - but simply having a video conferencing tool isn’t enough. An outdated solution that isn’t providing all the communication tools your business needs will only hold you back. If you’ve had your current solution for any length of time, you should perform a quick assessment to make sure it’s still the right tool for your business. more

  • Debt Recovery Resources

    Debt Recovery Resources is a debt recovery agency with over 30 years' of experience specializing in a wide variety of collection matters including, but not limited to more

  • eBook: The Truth About Cloud in Small Contact Centers

    What if the cloud could radically improve your customer’s experience, your operations, and your bottom line? There’s a reason why many organizations are taking advantage of the benefits of cloud for contact centers. more

  • Nucleus Research: Genesys PureCloud Makes Omnichannel Accessible

    PureCloud was designed to simplify the way you manage customer relationships. It’s powerfully simple, fast and intuitive. But you don’t have to take our word for it. Get a better look at the benefits and tools of Genesys PureCloud in a new report by Nucleus Research. For their study, Nucleus examined past and current customer experiences, breadth of functionality and results of use. more

  • Executive Brief: Ten Reasons To Choose PureCloud by Genesys

    Whether you want to replace a legacy contact center solution or you’re transforming your customer experience strategy, PureCloud by Genesys delivers fast results and helps you deliver next-generation customer experiences. more