What to look for in an appraiser
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Description
Abstract: Many business owners and attorneys are unsure about what credentials to look for when they need a business appraised. This brief article uses some recent court decisions to illustrate the importance of formal business valuation experience as well as knowledge of the industry in question. Ringgold Telephone Co. v. Commissioner, T.C. Memo 2010-103, May 10, 2010; Michael Viner et al. v. Charles A. Sweet et al., No. B138149, Cal. App. 2d Dist., Sept. 28, 2001; R&R International v. Manzen LLC, 2010 WL 3605234, S.D. Fla., Sept. 12, 2010.
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