Overview of Equipment Appraisal Reasons

Brief Reasons Overview

  • Business owners need an appraisal for insurable value, selling, financing, expansion, and strategic growth.
  • CPA’s need a certified appraisal because the IRS requires a certified appraisal by a Certified Appraiser! A certified appraisal is also needed when helping their clients convert from a C to S Corporation, Estate and Gift Planning, Trusts, Sarbanes-Oxley, and FASB 141/142.
  • Bankers and lenders need an appraisal in support of loan and lease decisions to substantiate and collateralize a loan. Especially the Small Business Administration’s new SOP’s that require a “qualified” equipment appraisal.
  • Attorneys need an appraisal to substantiate accurate and realistic values that withstand IRS and court scrutiny.

The Most common reasons you might need a certified appraisal

  • Buy / Sell Agreements
  • Converting From C To S-Corp
  • Loans / Financing
  • Leases
  • Insurable Value
  • Tax Purposes
  • Foreclosures
  • Estate Planning
  • Bankruptcy / Insolvency
  • Divorce Settlements
  • Mergers & Acquisitions
  • Litigation Support
  • Trust Planning
  • Sarbanes Oxley
  • Partnership Dissolution
  • Gift Estate Planning
  • 1031 Exchanges
  • Retirement Planning
  • FASB 141 & 142 / GASB 34