How may we help you? — Defining a valuation assignment
Abstract: Many business scenarios require an estimate of the company’s value. But without a ready market to trade private ownership interests, any estimate is still a matter of professional opinion — not fact. So it’s important to start every appraisal with a clear, concise definition of the assignment’s parameters. This article discusses issues to address before contacting an appraiser, and why it’s important to define a valuation’s specific purpose; a “recycled” valuation can be highly inappropriate. A sidebar looks at what’s involved in an attorney-appraiser relationship.