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Business valuations in Michigan for donations, M&A, gift tax, and IRA conversion, prepared in accordance with USPAP and IRS requirements. AppraiseItNow appraises small businesses, partnerships, corporations, professional practices, and franchises across Michigan, including Detroit, Grand Rapids, and Lansing.
DEFENSIBLE, USPAP-COMPLIANT BUSINESS APPRAISAL REPORTS — QUALIFIED FOR THE IRS, MICHIGAN COURTS, LENDERS, INSURERS, AND MORE.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Business Valuation Expert & Appraiser
ASA, ABV, and CFA charterholder. Since 2016 Justin has valued businesses for estate and gift tax, purchase price allocations, fairness opinions, lending, and buy-sell agreements, across manufacturing, services, retail, and pre-revenue biotech.
Business Valuation Expert & Appraiser
Accredited Senior Appraiser with the American Society of Appraisers. Raymond values capital stock, business enterprises, stock options, and intangible assets.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
American Society of AppraisersAccredited Senior Appraiser
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsAppraiseItNow values closely held Michigan companies, partnership and membership interests, minority positions, professional practices, and privately held notes, for estate and gift filings, retirement account conversions, buyouts and shareholder disputes, divorce, and charitable gifts. Each engagement starts with the question the number has to answer, because that is what sets the standard of value and the date.
Estate and gift filings
An interest reported on a return is a figure the filer has to stand behind long after filing. The analysis has to show the earnings history, the comparable transactions, and the adjustments that produced the conclusion, not simply announce it, and it has to say why the approaches it set aside were set aside.
Retirement accounts
Converting or distributing a privately held position means pricing something no exchange quotes. The restrictions written into the operating or shareholder agreement are part of what the position is worth, not a footnote to it.
Buyouts and disputes
A departing owner and the people buying them out rarely read the same financial statements the same way. An independent conclusion gives them something concrete to negotiate against, and gives a court something to weigh if the negotiation fails.
Who will read the report decides how much of the working has to be visible on the page, and how much of the company's own paperwork has to be read before any of it starts.
Agreements
Transfer restrictions, buy and sell terms, distribution preferences, and voting arrangements all change what a willing buyer would pay for a fraction of a company. Those documents get read before the financial statements do.
The record
Financial statements, tax returns, management discussions, and published transaction data each get named where they are relied on. A reviewer who wants to test the conclusion should be able to find its inputs without asking.
Pass throughs
Owner compensation above or below market, rent paid to a related party, personal costs run through the books, and one off events all get normalized before any multiple is applied. Michigan family companies almost always carry some of this.
Both rules come from the same corner of the Business Corporation Act, and both decide arithmetic rather than describe it.
Valuation date
Immediately before
the moment Michigan measures a dissenting shareholder's stake at
Michigan defines fair value, for a dissenter's shares, as the value of the shares immediately before the effectuation of the corporate action the dissenter objects to, excluding any appreciation or depreciation in anticipation of that action unless excluding it would be inequitable. Two consequences follow for the analysis. The effective date is the day before the deal closed, not the day the disagreement ripened into a claim. And any movement in the numbers that the deal itself caused, the run up, the announcement, the reshaped projections, comes out of the conclusion rather than into it.
Payment demand
30 to 60 days
the window a Michigan dissenters' notice has to give for the demand
Where a corporate action creating dissenters' rights is taken, the corporation sends a dissenters' notice no later than ten days after the action. That notice has to say where the payment demand goes and where share certificates are deposited, supply a demand form carrying the date the terms were first announced, and set a date by which the demand must be received, which may not be fewer than thirty nor more than sixty days after the notice is delivered. A shareholder who wants an independent figure is working inside that window, which is why the valuation usually starts before the notice arrives.
What clients say we are known for
Across 80+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
Responsive, professional, first class deliverables -- especially considering that that the appraised assets are extremely complex financial assets with little by way of comps. The deliverable satisfied my accountants and advisers as being more than adequate to support the valuation needed to complete a conversion to a Roth IRA
Business Valuation Appraisal for IRA Conversion
Joe and Aron were extremely impressive - the entire process went very smoothly. They were always quick to respond to any questions I had and could not have been more helpful. They were aware of some tight time restrictions I had and made sure I received my reports in a timely fashion. I highly recommend them to anyone needing a valuation.
Business Valuation Appraisal for Charitable Donation
I used AppraiseItNow to examine a contribution to a foundation. Their work was quick, thorough, and easy to work with, as they’ve developed a simple system for uploading documents. I plan to use them again.
Business Valuation Appraisal for Charitable Donation
The team was highly knowledgeable, helpful, and efficient. I highly recommend their appraisal services, especially for private companies.
Business Valuation Appraisal for IRA Conversion
I found them professional & responsive. The report was quite thorough as well.
Business Valuation Appraisal for Charitable Donation
From the start they were very responsive, price competitive, and had a quick turn around time. Thank you so much to Joe who was very sweet in responding to my emails; I am looking forward to utilizing AppraiseItNow for many years to come.
Given the USPAP-compliant nature of AppraiseItNow’s appraisal reports, we prepare our deliverables for major legal, tax, and financial reporting purposes for individual and commercial clients.
Popular uses of our appraisal reports include:
Under equitable distribution: Michigan divides marital assets, including business interests, fairly rather than strictly 50/50, and courts generally value property as of the trial or judgment date rather than the filing date. That makes a current, well-supported valuation more useful than one prepared at separation.
No. Michigan's appraiser licensing statute covers only real property, so business valuations are not subject to state licensure. What courts and the IRS look for instead is adherence to recognized professional standards and documented, defensible methodology.
Income, market, and asset-based, per the standards used by the AICPA, ASA, NACVA, and the IRS. All three must at least be considered, and reviewers flag reports that fail to document why a rejected approach was set aside, so the analysis behind the number matters as much as the number.
No. Michigan courts have explicit discretion to apply or refuse minority and marketability discounts, and under the shareholder oppression statute, MCL 450.1489, a court-ordered purchase can be priced without them. Michigan appellate decisions have also endorsed going-concern value for professional practices in divorce, so the litigation context, not a formula, determines which adjustments survive.
Fair market value as of the date of death, listed within 91 days of the personal representative’s appointment under MCL 700.3706. For personal property, business interests and equipment included, Michigan’s inventory form PC 577 does not deduct liens from the reported values, so the inventory figure can differ from the owner’s net equity in the company.
