Business Valuation Services – Chicago (IL)
If you own a business, want to protect your wealth, or need to know how much an asset is worth, you will at some point need professional valuation services. Among the most common are:
- Selling your business at a price that’s commensurate with its value
- Determining buy/sell agreement amounts
- Providing a lender with financial statements for a business loan
- Planning for a merger, acquisition or stock offering
- Developing an estate or tax plan to protect your wealth
- and so much more…
Whatever its purpose, valuation is a widely used discipline that can play a key role in helping you achieve your financial goals. The business valuation professionals at KRD can give you the answer.
Business valuation is a complex process requiring a broad knowledge of finance and business, expert application of recognized valuation methodologies, and diligent adherence to professional standards. It is an art, rather than a science, in which sound judgment based on solid experience in the discipline, is of utmost importance.
Selecting a Business Appraisal Professional
It is critical to determine the purpose of the valuation and what the practitioner will include in the estimate of value. This determination shapes the choice of valuation method to apply, because different approaches and concepts may be more appropriate for different purposes.
You want an expert whose training and experience enable him or her to apply an appropriate methodology and derive a value that is both reasonable and supportable. You also want someone who has a thorough understanding of the financial and operational aspects of your business.
What CPA’s bring to the task of valuation:
- A proven track record of competence
- Integrity
- Objectivity
- Commitment to quality service
AICPA is the national professional association of CPA’s, with more than 328,000 members. In its continuing efforts to serve the public interest, AICPA sets the standards for CPA services, upholds the profession’s code of conduct and provides professional education and accreditation programs. As CPA’s we have the commitment to quality service and the proven competence to fully satisfy your valuation needs.
CVA and AVA–Valuation with Added Value
To provide assurance that business valuation service providers are experienced, tested and accredited, the National Association of Certified Valuation Analysts (NACVA) has developed the Certified Valuation Analyst (CVA) and Accredited Valuation Analyst (AVA) programs.
Those who earn the CVA or AVA designations must:
- Be a NACVA member in good standing
- Demonstrate substantial experience in business valuation
- Pass a rigorous written exam
To maintain the CVA or AVA credentials, evidence of continued substantial involvement in the discipline and completing related Continuing Professional Education (CPE) courses is required. The CVA or AVA designations certify that you are working with an accredited valuation professional.
As a CPA, CVA, AVA we combine a sophisticated understanding of accounting, taxation, financial statement analysis and business operations in many different industries with proven competence in valuation. Building on our core competencies, the CVA, AVA gives us an advantage in meeting your valuation needs.
When you need reliable, impartial advice, give yourself the advantage of working with a CPA, CVA, AVA and get valuation service you can count on.
Contact Our Valuation Team
Whether you’re an attorney needing assistance with a case, or a business owner needing an independent assessment of business value, KRD CPAs can help. To learn more about how we can assist you, please contact KRD today at 847-240-1040 or fill out our online contact form.
