VALUATIONS

At C&G, we convincingly tell the story behind the value such that it is understandable to the owner and withstands scrutiny from opposition and taxing authorities. Different levels of service and reporting options are available to meet the needs of our clients:

Conclusion of value -

  • These reports result from the valuation engagement when (1) the engagement calls for the valuation analyst to estimate the value of a subject interest and (2) the valuation analyst estimates the value and is free to apply the valuation approaches and methods deemed appropriate in the circumstances.
    • Detailed report - the full report intended for users to understand the data, reasoning and analysis underlying the valuation analyst's conclusion of value
    • Summary report - an abridged version of the information that would be provided in a detailed report.

Calculation of value -

  • This report results from the calculation engagement service whereby (1) the valuation analyst and the client agree on the valuation approaches and methods that will be used and the extent of the procedures the analyst will perform in the process of calculating the value of a subject interest and (2) the analyst calculates the value in compliance with the agreement. The cost of this report is typically 40-60% of the cost of a detailed report.

The C&G Commitment to Quality

Adherence to standards of the NACVA and AICPA

  • NACVA - The National Association of Certified Valuation Analysts. NACVA certifies Practioners to perform business valuations as a service to both the valuation community and the users of their services.
  • AICPA - The American Institute of Certified Public Accountants. Given the increasing numbers of CPAs who are performing business valuation engagements, the AICPA Consulting Services for Valuation Services #1 to improve the consistency and quality among AICPA members performing business valuations.

Multiple credentialed CVAs on staff 

  • Undergone initial training - rigorous training in both a theoretical and practical level is required before earning the Certified Valuation Analyst (CVA) credential so that the users can have greater confidence that the end product is professionally prepared, adheres to industry practice standards, and meets the level of expertise that the NACVA deems credible and worthy of its certified members.
  • Recertification and continued training
    • Participation in Quality Enhancement programs
    • Attendance at the "Current Update in Valuations" course
    • Taking relevant and timely Continuing Professional Education in matters related to business valuation, litigation support and industries served
    • Authorship, course development and instructing
    • Level of experience

Michael C. Radtke, CPA, CVA
Audit & Valuations Manager

Michael Radtke plans and supervises client projects for compilation, review and audit levels of service, and provides business advice and consultation on financial and other business matters. Mike joined C&G in June 1995 and is closely involved with maintaining and enhancing the firm’s Quality Control System and is responsible for the internal inspections of that system. He is also the coordinator of the firm’s tri-annual peer review process.

In addition to his experience as a certified public accountant with a wide variety of experience in different industries, Michael is a certified business valuation analyst (CVA). He earned his certification from the NACVA in June 2003. This process required upfront independent study, participation in a weeklong training session, successful completion of a comprehensive exam, and submission of a complete business valuation.
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C&G Valuations

Our C&G Business Valuation group grew out of the needs of our clients and referral partners. At varying points in the life cycle of a business, our clients look to C&G, their trusted advisor, for recommendations. Most, if not all, of those events are impacted by the assessment of the company's value.

Purposes of a Business Valuation

  • Compliance
    • Gifting and Estate planning
    • Purchase price allocation (SFAS 141 and SFAS 141 [R])
    • Intangible asset impairment testing (SFAS 142)
  • Finance
  • Litigation
    • Shareholder disputes
    • Business lost profits
    • Marital termination

Valuation Newsroom

SBA Requires New Business Valuations

The Small Business Administration (SBA) considers a change in ownership to be a “new” business because it will result in new, unproven ownership/mana...more

Purchasing a Business? SBA Changes the Valuation Standards

The SBA has recently changed its standards related to the underlying documentation it requires when it is considering lending for the purchase of a...more

BUSINESS VALUATIONS

A thorough valuation engagement includes the following fundamental analysis of:
  • The nature of the business and the history of the enterprise
  • The economic outlook in general and the condition and outlook of the specific industry in particular
  • The book value of the interest to be valued and the financial condition of the business
  • The earning capacity of the enterprise
  • The dividend paying capacity of the enterprise
  • Whether or not the enterprise has goodwill or other intangible value
  • Sales of interests and the size of the block of interests to be valued
  • The market price of interests of enterprises engaged in the same or a similar line of business having interests actively traded in a free and open market
  • and all other information deemed to be relevant.

Chortek & Gottschalk has credentialed CVAs (Certified Valuation Analysts by the National Association of Certified Valuation Analysts) on staff to address your business valuation needs.

To discuss how our services will fit your business valuation needs, please contact Pat Wirth, CPA, CVA or Michael Radtke, CPA, CVA at 262-522-8227.