DOCUMENTS NEEDED FOR FORMAL APPRAISAL OF A BUSINESS

The more information your valuation consultant has the more accurate and meaningful his analysis of your business will be. Most of the documents he would want, you already have. Here is a typical list:

• Completed Valuation Questionnaire.
• Balance sheets for 3 to 5 years prior to Date of Valuation. Please include the preparer notes if available. We will use last 3 years for our analysis.
• Detailed, latest Balance Sheet, including a schedule of listing the current market value of the business’s assets (Machinery, equipment, real estate, lease value etc.)
• Accrual basis Income Statements for the 3 to 5 years prior to Date of Valuation, including preparer’s notes, if available. If only cash basis statements are available, include accrual adjustment to pre-tax income, if available.
• Date of Valuation Income Statement.
• Business' Federal Tax Returns for the preceding three years.
• If not listed elsewhere, a schedule of dividends paid for five years prior to the date of valuation.
• Current Accounts Receivable Aging report.
• Percent share of sales of each of the business’s top 5 customrs
• Stockholder Listing, Partnership Agreement. Include notation of any family members who also own an interest in the business.
• Other significant contracts/agreements.
• Copies of any appraisals made on the business or specific assets within the last three years.