Wyoming Business Valuation

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Business valuations in Wyoming 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 Wyoming, including Cheyenne, Casper, and Laramie.

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DEFENSIBLE, USPAP-COMPLIANT BUSINESS APPRAISAL REPORTS — QUALIFIED FOR THE IRS, WYOMING COURTS, LENDERS, INSURERS, AND MORE.

  • IRS
  • GASB
  • Wyoming Courts
  • U.S. Small Business Administration
  • Chase
  • Glacier Bancorp
  • Bank of America

Credentialed Appraisers Serving Wyoming

Between them, our business valuation appraisers hold ASA, ABV, and CFA designations, and every report is written to USPAP for the IRS, Wyoming courts, lenders, insurers, and more.

Joe Kattan

Joe Kattan

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.

Justin Ramirez

Justin Ramirez

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.

Raymond Ghelardi

Raymond Ghelardi

Business Valuation Expert & Appraiser

Accredited Senior Appraiser with the American Society of Appraisers. Raymond values capital stock, business enterprises, stock options, and intangible assets.

Aron Blue

Aron Blue

Client Success Manager

Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.

  • USPAPWritten to the Uniform Standards of Professional Appraisal Practice
  • American Society of AppraisersAccredited Senior Appraiser
  • AICPAAccredited in Business Valuation
  • CFA InstituteChartered Financial Analyst
  • The Appraisal FoundationAuthorized by Congress as the source of appraisal standards

Cheyenne, Casper, and Gillette Owners Need a Wyoming Company Valued for a Return, a Buyout, or a Loan

AppraiseItNow appraises business interests in Wyoming for gift and estate tax returns, buy-sell agreements, partner separations, charitable gifts, and lender files. Ranching, energy services, trucking and equipment heavy companies carry asset bases large enough to decide which approach leads.

Asset heavy companies

Equipment on the Books Is Not Equipment in the Market

A fleet, a shop or a yard carried at depreciated cost rarely matches what the same assets would bring. An asset approach starts by restating them against the Wyoming equipment market and says what each restatement rests on.

Owner dependence

A Company That Is One Person Gets Valued as One Person

Customer concentration, a single operator holding the licenses and the relationships, and earnings that track the owner's own hours all limit what a buyer would pay. Those limits are measured and shown, not gestured at.

Income approach

The Rate Carries as Much of the Answer as the Earnings Do

A discount or capitalization rate built up from sourced components decides as much of the conclusion as the cash flow does. We set out the components rather than borrow a single multiple from an industry rule of thumb.

Levels of value

A Minority Interest and the Whole Company Are Different Assets

Valuing a tenth of a Wyoming LLC is not valuing a tenth of the company. What the interest can compel, and what someone buying it could actually do with it, set the distance between those two numbers.

Wyoming Holding Entities in Jackson and Sheridan Put the Operating Agreement at the Center of the Valuation

Many Wyoming companies exist to hold something: deeded land, minerals, equipment, a brokerage account. The question then turns less on operations than on the rights the agreement hands whoever owns the interest.

Transfer restrictions

A Right to Distributions Is Not a Right to Anything Else

An interest that cannot vote, cannot force a sale and cannot withdraw is worth less than its arithmetic share of net assets. How much less is an evidence question, answered from restricted stock and pre-IPO studies.

Holding entities

Every Reduction Is Argued, Never Assumed

Each one is tied to a clause in the agreement and to a body of market data. A percentage with nothing underneath it is the first thing a reviewer at the other end strikes out.

A Judgment Creditor and an Executor Meet Two Different Wyoming LLC Rules

Wyoming limited liability company law answers two questions an appraiser has to ask: what somebody outside the company can take, and what somebody settling an estate is entitled to see.

Charging orders

Charging order only

The exclusive remedy against a member's interest

A Wyoming Creditor Reaches the Distributions and Stops There

On application by a judgment creditor of a member, a Wyoming court may enter a charging order against the member's transferable interest, requiring the company to pay over any distribution that would otherwise go to the judgment debtor. The statute makes that the exclusive remedy, including against a sole member: foreclosure on the interest, and court ordered directions, accounts and inquiries, are not available to the creditor and may not be ordered. Anyone buying such an interest inherits the same ceiling, which is exactly what a marketability analysis has to put a number on.

W.S. 17-29-503

Estate access

Records on demand

What a deceased member's representative may ask for

A Wyoming Estate Can Open the Books It Needs in Order to Value the Interest

When a member dies, the personal representative may exercise the rights of a transferee and, for the purpose of settling the estate, the rights of a current member. In a member managed company that reaches any record about the company's activities and financial condition material to a member's rights, plus information the company holds and knows. In a manager managed company the member may obtain full information where the purpose is material to the interest and the demand is reasonable and proper. An executor told that the books are private has usually been told wrongly.

W.S. 17-29-504 and 17-29-410

What clients say we are known for

AppraiseItNow Reviews: “The report was quite thorough as well” and “The team was highly knowledgeable, helpful, and efficient”

  1. Being the appraiser they come back to“I highly recommend their appraisal services, especially for private companies” Steve R.Mentioned in 44 reviews
  2. Answering fast, and staying reachable while the work runsMentioned in 34 reviews
  3. Showing the research and the comparables behind the number“Their work was quick, thorough” Jeff H.Mentioned in 29 reviews
  4. Delivering the finished report ahead of the deadlineMentioned in 21 reviews
  5. Taking on items other appraisers had already turned downMentioned in 14 reviews

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
    Dave T. ·

    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.
    William L. ·

    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.
    Jeff H. ·

    Business Valuation Appraisal for Charitable Donation

  • The team was highly knowledgeable, helpful, and efficient. I highly recommend their appraisal services, especially for private companies.
    Steve R. ·

    Business Valuation Appraisal for IRA Conversion

  • I found them professional & responsive. The report was quite thorough as well.
    Daniel L. ·

    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.
    Chris S. ·

AppraiseItNow delivers written business valuations for gift and estate tax, IRA conversions, charitable donations, and buy/sell agreements

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:‍

Transactions, Lending & Investment

Frequently Asked Questions on Wyoming Business Valuations

How do we value a Wyoming business with no public comparables?

By weighing the income, market, and asset-based approaches against the company's own economics. Market evidence comes from private transaction databases and guideline company data rather than generalized price guides, and for asset-heavy ranching, energy services, and equipment businesses, the asset approach often carries significant weight.

My industry uses a revenue multiple. Isn't that enough to price my company?

No, professional standards restrict rules of thumb to secondary reasonableness checks, not primary evidence of value. A revenue multiple ignores margins, working capital, customer concentration, and owner dependence, all of which move real transaction prices. We use the multiple as a sanity check after the full analysis, never in place of it.

Does Wyoming impose estate tax when a business owner dies?

No, Wyoming has no state estate or inheritance tax; only the federal estate tax can apply, above the federal threshold. When a Wyoming estate holds a closely held company, the interest must still be valued at fair market value under IRS standards for the federal return and for the heirs' basis records.

What fraction of a Wyoming business's property value actually gets taxed?

Only a slice. Wyoming values business personal property at full fair market value as of January 1, but taxable value is 9.5% of that figure for most property, or 11.5% for industrial-use property, before county mill levies apply. The low assessment ratio keeps bills modest, yet the starting point is still a defensible fair market value, which is where appraisal quality shows.