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Posts Tagged ‘equipment appraisal’
October 21, 2010 Liquidation 101
There are many reasons why a small business owner might choose to liquidate his or her business assets – and not all of them are because of a failing business. An owner might simply need to get out of the business for personal or financial reasons. And if a buyer for the business isn’t on [...]
September 30, 2010 SBA Changes to go into Effect on October 1, 2010
On October 1, 2010, changes to the Small Business Administration’s (SBA) 501 10 (c) will go into effect. These changes affect SBA loans that involve a change of ownership of fixed assets. Starting tomorrow, when these fixed assets change hands, the following will apply. If the fixed assets are given a value other than depreciated [...]
September 7, 2010 Online Auctions for Homes
Wayne County, in Michigan, has a lot of tax-foreclosed properties – more than can be efficiently sold in traditional auctions. As a result, the county decided to sell the properties in an online auction. We’ve discussed in the past the benefits of selling machinery and equipment in an online auction; selling homes in an online [...]
August 26, 2010 Partnership Dissolution
We’ve written about succession planning, buying a business, and selling a business, and the importance of securing an accurate business valuation or asset appraisal in all of these scenarios. But what should you do in a partnership situation if one partner wants to sell and the other doesn’t? In this scenario, things can get a [...]
July 27, 2010 Freeing Up Much-Needed Cash
When we’ve discussed online auctions in the past, we’ve typically talked about them as a simple way to sell machinery or equipment when a business fails. But what if your business isn’t failing? Maybe you’ve experienced a bit of a slowdown – and if you have you’re not alone – but are still holding strong. [...]
June 29, 2010 Case Study: Desktop Equipment Appraisal
Present Value LLC worked on an international project involving equipment being purchased from the United States and delivered to two locations in South America: Brazil and Chile. Due to time constraints, the client requested we perform a desktop appraisal. Once the client provided Present Value the necessary details, photos, and information on the equipment, we [...]
June 15, 2010 Did Someone Call the Health Inspector?
Yesterday, an article appeared in The San Diego Union Tribune titled “County Issues Alert on Health Inspector Scam” about a scam happening in San Diego, the home city of Present Value’s west coast offices. Apparently, a phony health inspector has been calling area restaurants and, claiming that there are new procedures for arranging a health [...]
June 8, 2010 Common Misconceptions About What Auction Value Really Means
Although it may sound strange, there really isn’t a formal definition of auction value. It means: “The price that a particular property brings in open competitive bidding at a particular public auction.” The value for assets being sold at an auction will vary greatly depending on several key factors, such as the assets being sold, [...]
June 3, 2010 Case Study: Equipment Appraisal for a Lending Institution
In February 2010, Present Value was engaged by a bankrupt lending institution preparing for cost segregation. Present Value performed an equipment appraisal, and determined the value of all of the company’s furniture and fixtures. Two value definitions were derived for the client: fair market and orderly liquidation values. The scope of the site inspection incorporated [...]
May 27, 2010 The Importance of an Unbiased Third-Party Opinion
To derive a proper opinion of value, no matter what the situation, getting an appraisal performed by an unbiased third party, such as a certified appraiser, is always the best course of action. To be unbiased, the professional developing the opinion of value should not have any vested interest or participation in the opinion of [...]