Reasons for a Valuation: The need for a business valuation arises for various reasons. Financial reporting appraisals might be required as a result of a recent acquisition event, a stock-option transaction or following an independent audit review. Your legal counsel may suggest that proper compliance with local and federal tax law requires an objective valuation. Management may need a valuation to properly determine current and future strategic corporate decisions. Or your organization may have issued stock compensation plans in the past, which require a current
appraisal.

Understanding the Need: Many appraisals are contested because the method, the assumptions or the techniques used in the valuation do not match the underlying appraisal need. MK Appraisal Group begins each project by thoroughly discussing the need, then properly applying established valuation methodology aligned to this specific need.

The Appraisal Engagement: Each project is unique, but the following valuation process steps generally apply to most engagements.

• Determine appraisal need, objectives & scope of engagement
• Discuss process, scope, methodology, deliverables, timeline with auditor, attorney, accountant,   management
• Select proper valuation methodologies
• Gather documents, schedules and reports
• Conduct management interviews and facility tours
• Analyze company provided data
• Search for comparable transactions, if applicable
• Research & investigate comparable companies or entities
• Review industry and economic factors
• Complete income, market, cost-approach research & modeling tasks
• Apply discounts, premiums & other adjustments as appropriate
• Perform valuation synthesis & draw valuation conclusion