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