Shareholder and business partner dissolutions occur for a multitude of reasons, including disputes. Examples of dispute situations include a shareholder mishandling corporate information, a partner acting inappropriately, or a personality conflict among shareholders. In business disputes of this kind, a business valuation (BV) is the simplest and most cost-effective way to determine the value of…Read More
Lightening Complex: Fire Insurance Claims
The LNU, CZU, and SCU wildfire complexes and the River Fire in the Monterey area are ravaging California. In our area (LNU), many friends and neighbors have been evacuated; across the state, so many people have lost homes and businesses. Our hearts go out to everyone affected and we hope that these fires will be…Read More
Case Study: Asset Lists, Inspection & the General Ledger
We’re currently working with a speciality harvesting equipment appraisal in the Salinas area and have been working with the client to compile an asset list for the upcoming equipment inspection. Several conversations and email exchanges regarding how to compile an effective equipment list – in conjunction with some recent interesting inspection experiences – have freshly…Read More
6 Tips for Divorces with Equipment Appraisals
Divorce is never easy. If your divorce involves a business, it’s even more complex. We’ve worked with many attorneys and business owners to provide appraisals for divorces, some more amiable than others. One thing that all of these situations have in common is that by the time our appraisal firm is called in, the divorce…Read More
Equipment Fire Loss: Compiling a List for Insurance Claims
Compiling a List for Insurance Claims Devastating fires in the Napa, Sonoma and Santa Rosa areas have burned thousands of homes, businesses, and other structures. In the wake of the damage, fire loss claims are inevitable. It’s not always an easy process to assess what’s been lost, especially in the midst of sometimes overwhelming grief…Read More
Case Study: Inventory Fire Loss
Join us Friday, Nov 10, 2017, 4:00pm to 5:00pm at Caruso’s in The Westin St Francis, Union Square in San Francisco, CA, when ASA equipment appraiser, Jack Young, ASA, CPA, will be available to answer your questions about the importance of independent, defensible and USPAP compliant equipment appraisals for in fire litigation. Click here for more information &…Read More
Factors in Appraising for Fire Loss or Theft
How do we appraise equipment that’s been destroyed or stolen? Of course we hope for good records — photos, equipment lists, maintenance records — but rarely are those available. Often whatever records might have existed have been lost in the same fire that destroyed the equipment. In most of the fire cases we’ve been called…Read More
How to Get an Accurate Desktop Appraisal
Desktop appraisals, or limited scope appraisals, aren’t always cheaper or faster than the usual equipment appraisal, but — as discussed in a previous post about desktop appraisals — sometimes they’re a reasonable choice given the circumstances. And if you and your appraiser agree that a desktop appraisal meets your needs, you’ll be doing some of the…Read More
Creating an Asset List for Appraisals
When you or a client need an equipment appraisal, the first step should be generating an asset list. Not just “oh, we have a lot of construction equipment,” but a solid, comprehensive asset list. Why is this? Because when you call an equipment appraiser to get a quote and timing, the first thing an experienced…Read More