Benefits

• In the acquisition or sale of a business, a valuation provides an independent opinion/estimate of the value of a business, ensuring the transaction price is commensurate with the value of the business. 
• In estate and gift tax planning, a valuation can significantly reduce estate and gift taxes and ensure business continuity.  In addition, a valuation protects the transactions from IRS scrutiny and helps ensure compliance with the adequate disclosure of gifts as required in Internal Revenue Code 301.6501 (c)-1.
• In succession planning, a valuation determines the price of transferring an ownership interest, as well as tax and financing strategies.
• In litigation situations, a valuation provides an estimate or opinion of value that often expedites the conclusion of the case. Judgments are often determined by the credibility of the valuation professional as an expert witness.
• For ESOP's, a valuation provides an independent third party opinion by a qualified professional which assists the ESOP trustee in determining the fair market value of the stock.  Such a valuation is required by the Department of Labor regulations.