Business Valuation Services in Islandia, NY
As an accounting firm, we are able to support you through every stage of business operation, including when you are ready to transfer its ownership to someone else. Ferrera, DeStefano & Caporusso Certified Public Accountants, P.C. provides business valuations in Islandia and all over Long Island, such as Hauppauge, Melville, and Ronkonkoma. Schedule a consultation today to see how we can help you by giving you an idea as to the value of your company.
When are Valuations Necessary?
Most business owners understand they need a valuation when selling their company. However, they also need to when gifting an enterprise, adding it to an estate, or negotiating its value during a divorce. If you decide to give some or all of the equity of your business as a gift, or if you include the company as part of your estate, then knowing the fair market value is crucial to the gifting process and the estate tax return. Similarly, during a divorce, the fair market value has to be known to determine the share of your business you owe.
Our Specialized Expertise
Many accounting firms try to aid their clients in the business valuation process, but not all have a certified valuation analyst on staff. A CVA is someone who has taken the advanced training to properly determine the fair market value of a company. CVAs are better equipped to help you find out how much your enterprise is worth.
One of our firm’s founding partners, Michael DeStefano, is a CVA. He’s helped our clients sell their companies for over twenty years. When we perform a valuation for you, it means having Michael’s expertise applied to your case.
The Business Valuation Process
During a business valuation, Ferrera, DeStefano & Caporusso Certified Public Accountants, P.C. gets to know your precise situation through a careful analysis of your company’s operation. This includes examining the current economic environment and the past five years’ worth of financial statements, allowing the past and present to show a more accurate image of your overall operation. Michael and our staff also take into consideration any significant or personal items that run through the business; these affect the final value estimate, but can often be overlooked.
Once we understand your exact position, we then compare the three different valuation methods: looking at all assets as if liquidated, predicting the future cash flow of the company, and comparing your enterprise to the performance of similar entities. Once we determine the most appropriate method for your needs, we then use it to determine the fair market value.
Contact Us for Business Valuations
Ferrera, DeStefano & Caporusso Certified Public Accountants, P.C. provides business valuation services to businesses near Islandia. Michael and our staff will help you plan for selling a company, gifting equity and shares, including an enterprise in an estate, or establishing a value for a divorce. For more information, call our firm and schedule a consultation.