CMP’s team of experienced Utah based estate and succession planners are here to help you meet your estate and succession planning goals. We are experts in estate tax issues and love to help our clients proactively plan through properly structuring their estate, gifting and other wealth transfer strategies.
The estate and gift tax laws are very complicated, so it’s critical for when estate planning in Utah, Idaho, and the surrounding states to include a local CPA with an in-depth knowledge of the estate.
CMP has experienced business valuation experts on staff to help you with your business valuation needs, from support in executing a buy-sell agreement to acquiring or selling a business. Our valuation team members have gone through extensive training and continuing education to be on the cutting edge of current business valuation techniques and trends.
I’ve worked with Cook Martin Poulson for over 15 years and have greatly appreciated their wisdom and accessibility. CMP saved us thousands of dollars during our company’s acquisition and continues to be an invaluable asset with my current business ventures. CMP gives me the knowledge, support and confidence I need to efficiently and effectively meet the challenges that come with growing a new business.
Lance Lyons, President
We have a Team of Certified Valuation Analysts
The Certified Valuation Analyst (CVA) credential is widely recognized and accepted in the business valuation industry, and it meets the standards of professional credentials for a broad spectrum of authorities including the IRS and various courts. Our valuation services are subject to the professional standards as set forth by the American Institute of Certified Public Accountants (AICPA) and by the National Association of Certified Valuators and Analysts (NACVA).
Some of the business valuation services we offer include:
Purchase, Sale, Merger of a Business
We specialize in determining the value of businesses. This can be of great assistance when negotiating a sale or purchase price. We can also help you identify strategic benefits that may be available in mergers and acquisitions and quantify the value of the combined entity.
Buy-Sell Agreements and Succession/Exit Planning
It is generally recommended that an independent third party prepare a business valuation when a Buy-Sell agreement is exercised. This significantly reduces the likelihood of issues and eliminates bias from the transaction.
Family Limited Partnerships (FLPs) or LLC
In order to meet certain IRS and other regulatory standards, it’s common to need a business valuation before completing transfers or other transactions between family members. We are experienced in preparing business valuations for FLPs and FLLCs, and we have the professional credentials to meet the IRS’ standards for being a “Qualified Appraiser”. We are experts on preparing business valuations under the standards of Revenue Ruling 59-60, as well as other required standards when preparing business valuations that will be used for tax purposes. We also stay up to date on the latest legislation, court cases, and industry trends that affect the business valuation standards, including the new proposed regulations under section 2704, which affect closely held businesses.
Business Valuations for Gift and Estate Tax purposes
We are able to combine our expertise in estate and gift taxation with our knowledge of business valuations to prepare business valuations that meet the IRS’ standards for gift and estate reporting purposes. These valuations are oftentimes required and can be used to establish the stepped-up basis in closely held investments. We prepare a large number of business valuations under the standards of Rev. Rul. 59-60 and we ensure that our business valuation reports are in accordance with all applicable standards.
Small Business Valuations
We are highly trained in a wide variety of small business valuation methods, utilizing the major approaches under our professional standards. Our team members value businesses for a variety of industries using these methods.
Charitable Contributions of a Business
Sometimes a taxpayer may choose to donate all or part of their business to a qualified tax-exempt organization. In order to qualify for an income tax deduction for making a non-cash donation of business interest, the IRS requires the donor to obtain a “qualified appraisal”. We are both experienced and qualified to prepare business valuations that meet all of the IRS’ required standards for charitable donation reporting.
Marital Dissolution or Business Partner Disputes
Unfortunately, not all marriages last, and not all business relationships are ideal. If you find yourself in a dispute that involves an interest in a closely-held business, we can assist you by preparing a business valuation that can be used to help settle the dispute.
Company Monitoring and Benchmarking
It is often said that you can’t manage what you can’t measure. With our periodic business valuation services, we can help you monitor the progress of your business over time. These business valuations can be used to measure company stock performance for closely-held businesses and can also be used as a tool to benchmark your company against other companies in your industry.
For the business owner that doesn’t have a need for a complete business valuation, we offer other related services and types of business valuations, ranging from a calculation engagement to specific agreed-upon procedures, to business consulting for a business that is expected to be sold at a future date. In fact, by utilizing the principles of business valuation, we can help you to make sure your business operates in a manner that will yield the highest sale price when you decide to sell.
Business Valuation Advisors: