We have worked with thousands of companies, preparing thoroughly researched and well documented narrative appraisal reports that have been attached to thousands more income, estate and gift tax returns.
Other recent engagements have included the following:
Assisting counsel in achieving audit settlements with the Service involving gifts and sales of minority interests in several large (from $500 million to $2 billion in sales) client companies.
Preparing semi-annual valuations of the common stock of a privately owned mutual fund management company for grantor retained annuity trust creation and distribution purposes. We assisted counsel in defending the report and value over the course of several months, and later received word that our value had been accepted as filed with the Internal Revenue Service.
Determining the fair market values of ownership interests in over 50 closely held entities, including limited liability companies, partnerships and S corporations, for estate tax filing purposes. A high-pressure engagement with many complexities, we determined the fair market values of the ownership interests in question and issued an accompanying 700-plus page narrative report, ahead of schedule and within an extremely short time frame.
Preparing an 83(b) valuation for an Asian-based pre-revenue higher education social networking firm.
Preparing valuation analyses for an individual considering converting a regular IRA to a Roth IRA. The underlying investment in the account consisted of convertible preferred stock in a fintech start up.
Providing valuation services in connection with the sale of a derivative contract tied to the future performance of the principal’s carried interest in a private equity fund.
Valuing the restricted securities (subject to Rule 144) held by board members, CEOs and other insiders of public traded companies in the technology in healthcare sectors.
In recent years, we have provided appraisal services for a number of tech startups. Our most recent engagement involved determining the fair market value of the equity of a pre-revenue software company, which was involved in the development of a new social networking platform. In doing so, we initially applied traditional valuation approaches in order to derive a preliminary indication of value. We then tested the reasonableness of our preliminary findings by applying several methodologies designed specifically to provide indications of the pre-money valuation of a firm, including the Berkus, Risk Factor Summation, and Scorecard methods, in addition to considering the standard investment deal structure offered by Y Combinator, one of the top incubator and seed accelerator investment firms in the world.