Last month, I presented an online seminar entitled Valuation of Distressed Businesses & Real Property In The COVID-19 Crisis.
 
My talk emphasized the importance of the effective date of value for all appraisal assignments.
 
IRS Revenue Ruling 59-60, enacted years ago, remains applicable today.  The Ruling outlines the steps to take into account when valuing closely-held businesses.  It states:
 
The Fair Market Value of businesses will vary as general economic conditions change from "normal" to "depression".
 
The change is reflected by the degree of optimism or pessimism of the investing public, as it regards the future of the business at the date of appraisal.
 
This premise holds true when valuing a business for litigation or non-litigation matters, and it is vital to all assignments during the pandemic.
 
We thought you might also be interested in several different appraisal assignments we've completed or are working on at this time:
 

Seafood Processor & Distributor (1)		Automotive Towing Company (4)
Commercial Bakery (2)		Insurance Agency Special Coverage (3)
Interests in LLC's Holding Real Properties (3)		Organic Farming & Growing Entities (5)
Operating Orange Grove in Los Angeles (4)		Pediatric Medical Practice Damages (5)
LPs Holding AG Properties (3)		Caterer Situated Outside USA (3)
Sausage Manufacturing Business (5)		Commercial Shopping Center held by LLC (2)
Growing Nursery (3)		Sealant Mfg. Entity (3)
Apartment Complexes, LLC Interests (2) (3)		Industrial Property Ownership & Mgmt Entities (2)
"But For" Analysis, Damages (5)		Technology Entity (2)
Fractional Interests in Several Real Properties (2) (3)		Trucking / Hauling / Reclamation Entity (2)
(1) Marital Dissolution (2) Estate Planning (3) Estate Taxes	(4) In Lieu of Litigation (5) Litigated Matter

 
Stay well and safe. 
Larry Grant
President


Contact Business Enterprise Appraisal Company at: 818.591.9282