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Chaffe & Associates, Inc. provides valuation services to companies, family-owned partnerships, and limited-liability companies (LLCs) in a wide range of industries. Each year, Chaffe performs valuations for more than 100 of its corporate clients. Setting a fair and impartial value on a company is an essential part in a number of financial situations, including:
· Estate and gift tax planning and reporting
· Fairness opinions
· Employee Stock Ownership Plans (ESOPs)
· Restricted Stock (Rule 144)
· Buy-Sell Agreements
· GAAP Fair Value Accounting (SFAS 157)
· Professional standards issued by USPAP, AICPA & ASA
· Charitable contributions of privately held securities
· The evaluation of partnership and LLC interests
· The recapitalization of voting and non-voting shares
· Intrafamily sales
· Litigation support
· Cost segregation
· Valuing intellectual property and other intangible assets
· Purchase Price Allocations for Financial Statement Reporting (SFAS 141)
· Impairment Testing for Financial Statement Reporting (SFAS 142)
· Stock options (SFAS 123(R))
Due to Chaffe's credentials and specific expertise involving business valuation issues, its valuation authorities are recognized as expert witnesses in state, federal, and tax courts.
Chaffe's valuation services and reports comply with the rules and regulations promulgated by governmental agencies and professional organizations. In particular, Chaffe's work complies with the American Institute of Certified Public Accountants' Statement of Standards for Valuation Services No. 1, The Internal Revenue Services Rulings 59-60 and 95-192, and the American Society of Appriasers and the Appraisal Foundation's Uniform Statements of Professional Appraisal Practice. Furthermore, Chaffe also utilizes and complies with the Department of Labor's proposed guidlines when appropriate, e.g., valuation for Employee Stock Ownership Plans.
Chaffe's valuation process is meticulous. Chaffe conducts extensive research for each client, taking into account the specific industry in which the company operates and market conditions at the time of the valuation. Chaffe draws on its broad experience in valuations and transactions. Chaffe documents every detail to provide a rational, defensible basis for the valuation. All these factors combine to make valuations fair, accurate, and able to stand with rigorous scrutiny.
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Valuations