Who Needs Business Valuation Services?
Business valuations are performed because ownership interests in privately held companies often represent a significant portion of one’s estate and/or portfolio. The value, or worth of an interest in a privately held company, as opposed to stock in a public company, is usually unknown because there is no active market to sell or trade that interest from which to ascertain a value.
Value determinations are most commonly needed to calculate estate tax upon death, split up family assets in a divorce, or negotiate value in a purchase, sale, or merger of a business enterprise. Besides these, there are many other reasons why a holder of an interest in a privately held company might require a business valuation.
Valuations Can Be Performed For
• Family Law (Litigated, Mediated, Collaborative)
• Dissenting Shareholder Actions and Partner Disputes
• Loss Profits or Other Damages for Disruption of a Business
• Charitable Contributions of Company Stock
• Estate and Gift Taxes and Tax Planning
• Split-Ups/Spin-Offs of a Division or Subsidiary
• Life Insurance and Buy/Sell Agreements
• Purchase, Sale, Merger of a Business
• Estate Tax Planning
• Succession/Exit Planning
Industries We Have Valued and Supported
• Manufacturing, Wholesale and Distribution
• Retail and Restaurants
• Professional Services (Medical, Dental, Accounting, Legal, Consulting, Engineering)
• Constructions and Contracting
• Financial Services (Insurance and Investment Advisory)
• Technology, Media and Telecommunications
Representative Business Valuation and Litigation Clients We Have Served
• Business valuations supplied to Court (for litigated divorce) or financial neutral support (for collaborative divorce)
• Donation of shares in a surgical supplies manufacturer (gift tax valuation)
• Expert witness services in a civil lawsuit (litigation support)
• Multi-location restaurant after owner’s death (estate tax valuations)
• Trustee for a medical practice during a shareholder dispute (receivership services)
• Goodwillimpairment testing and purchase price allocations (fair value reporting)
• Multi-location restaurant after owner’s death (estate tax valuations)
TEAM BIOS:
ATLAS Business Valuation Partner – Brendan Kennedy, CPA/ABV/CFF, CVA, ASA
Brendan J. Kennedy is a highly recognized Business Valuation Expert within the state of Arizona and is a Partner with ATLAS CPAs and Advisors PLLC.
Brendan is responsible for all business valuation and litigation support services within the firm and brings over 35 years in finance and accounting, with emphasis in business valuation, litigation support, financial analysis and presentation, forecasting, and mergers and acquisitions. He serves clients in many different industries including manufacturing, wholesale, distribution, retail, healthcare, law, real estate and other professional services. Brendan has also testified as an expert witness in the area of business valuation and economic damages in both state and federal courts.
When not working, Brendan enjoys various hobbies including woodworking, travel, paramotoring and time with his family.
List of Brendan’s academic achievements, professional credentials and affiliations:
Academic Achievements and Professional Credentials Certified in Financial Forensics (CFF), American Institute of CPAs, 2008
Accredited Senior Appraiser (ASA), American Society of Appraisers, 2004
Accredited in Business Valuation (ABV), American Institute of CPAs, 1999
Certified Valuation Analyst (CVA), National Association of Certified Valuation Analysts, 1998 Certified Public Accountant (CPA), State of Arizona, 1985
Bachelor of Science, Accounting, Iowa State University, 1983
ATLAS Business Valuation Director – Carol Mulloy, CPA/ABV/CGMA
Carol has over 30 years’ experience in public and private accounting with 13 of those in business valuation and litigation support for purposes of marital dissolution, estate and gift and more. She has helped clients in the areas of mergers and acquisitions, project management and product development, process improvement, financial statement and compliance audits. Carol is also Collaborative trained and offers financial neutral services to couples choosing other than a litigated divorce. She has testified in Maricopa County in the area of damages.
Outside of work, Carol is a custom menswear personal stylist and enjoys birdwatching and hiking.
List of Carol’s academic achievements, professional credentials and affiliations:
Chartered Global Management Accountant (CGMA), American Institute of CPAs, 2014
Accredited in Business Valuation (ABV), American Institute of CPAs, 2013
Certified Public Accountant (CPA), State of Florida, 1990, reciprocated to the State of Arizona, 1993
Bachelor of Science, Accounting, Iowa State University, 1983
ATLAS Business Valuation Analyst – Lawrence Kennedy
Lawrence has over seven years’ experience on the team and is responsible for coordinating client documents, modeling financial data, gathering necessary research and performing initial valuation analysis.
When not studying, Lawrence enjoys rock climbing, kayaking and camping.
List of Lawrence’s academic achievements, professional credentials and affiliations:
Associates Degree, Rio Salado College, 2019
Bachelor’s Degree in Accounting, Grand Canyon University, (projected to graduate June 2021)
Bachelor of Science, University of California, Davis
The Valuation Services team members are located in Arizona and Colorado; however, the team is equipped to handle clients from across the country!
If you would like to learn more about business valuation, check out some of our newsletters and web posts
Ready to schedule a consultation for Business Valuation Services? Contact us here and let us know the services you are interested in!
