If you sent us a request between 28 July and 5 August, it did not reach us. A fault on our form stopped some messages from coming through. Please call (301) 820-7664 or fill the form again. We're sorry for the inconvenience.
Business valuations in Virginia for donations, M&A, gift tax, and IRA conversion, prepared in accordance with USPAP and IRS requirements. AppraiseItNow appraises small businesses, partnerships, corporations, LLCs, and professional practices across Virginia, including Richmond, Virginia Beach, and Arlington.
DEFENSIBLE, USPAP-COMPLIANT BUSINESS APPRAISAL REPORTS — QUALIFIED FOR THE IRS, VIRGINIA COURTS, LENDERS, INSURERS, AND MORE.
.jpeg)
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 appraises business interests in Virginia for gift and estate tax returns, buy-sell transactions, shareholder disputes, property settlements, charitable gifts, and lender files. One Virginia assignment valued a membership interest in a Norfolk LLC for a gift tax return, where the interest reached publicly traded stock through a second entity.
Tiered entities
Where one entity owns an interest in another, the lower tier is valued first and the upper tier carries that result as an asset. Each level has its own agreement, its own control rights and its own discounts to argue.
Discounts
What a holder can compel, and what a buyer could later resell, are measured apart. Each is drawn from its own empirical studies and tied to the specific rights the operating agreement grants.
Gift and estate returns
A gift tax return gets read years later by someone holding only the report. Ours states the standard, the date, the approaches weighed, the data behind every multiple and rate, and why each discount is the size it is.
Two files can hold the same Virginia company and need different numbers, because the standard of value comes from the proceeding and not from the business. The standard, the effective date and the level of value are settled in writing before the analysis begins.
Fair value
Statutory fair value measures the shares as a piece of the whole enterprise immediately before the action objected to, which is why the discounts a gift appraisal argues in detail have no place in that calculation.
Owner dependence
A practice or a trade business can lose much of its value when the owner stops answering the phone. We separate what the entity owns and earns from what depends on one person staying, and show the effect of each. Equipment on the books is restated against the Virginia equipment market.
Two Virginia rules change the arithmetic rather than the calendar. One sets how shares are measured when a shareholder objects to a corporate action; the other decides which parts of a business a locality may tax at all.
Appraisal rights
No discount
Marketability and minority status in a Virginia appraisal
Under the Virginia Stock Corporation Act, fair value means the value of the corporation's shares determined immediately before the effectiveness of the corporate action the shareholder objects to, using customary and current valuation concepts and techniques generally employed for similar businesses in the context of the transaction requiring appraisal, and without discounting for lack of marketability or minority status, except where appropriate for certain amendments to the articles of incorporation. A gift or estate appraisal of the very same block argues those reductions at length. Carrying one standard into the other proceeding is the quickest way to lose a number.
Local tax base
State only
Where capital of a trade or business is taxable
Intangible personal property, including the capital of a trade or business of any person, firm or corporation, is segregated for state taxation only. Merchants' capital is the carve-out that stays local, and it is defined broadly: inventory of stock on hand, daily rental vehicles, and all other taxable personal property except money on hand or on deposit and except tangible personal property not offered for sale as merchandise. Which side of that line a Virginia balance sheet falls on decides whether it carries a local tax cost, and that is a real adjustment in an asset based conclusion and in any normalized earnings figure.
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:
From transaction databases and guideline company data rather than generalized price guides. Market approach work relies on databases of completed private-company sales and comparable public company evidence, screened for size, industry, and profitability, which is what separates a supported multiple from a number borrowed off a broker listing.
No, valuation standards recognize distinct bases of value, including fair market value, investment value, and intrinsic value, and assuming they are interchangeable is a frequent and costly owner error. A synergistic acquirer's price reflects investment value to that buyer, while tax and most court contexts require fair market value to a hypothetical buyer.
The date of the evidentiary hearing on the evaluation issue, not the separation date. Virginia Code Section 20-107.3 directs the court to determine the value of marital property as of that date, and either party may move, no less than 21 days before the hearing, for a different valuation date for good cause shown. Because Virginia is an equitable distribution state, a current, well-documented valuation of the business interest is what the court divides from.
For a Virginia resident decedent, yes. The probate tax applies to all of a resident's intangible personal property, including stock, LLC, and partnership interests, regardless of where the underlying business operates. For a nonresident decedent the rule flips, and intangible interests are excluded entirely. The rate is modest, and the tax is waived when the estate totals $15,000 or less, but the date-of-death value of the business interest drives the calculation.
