Business Valuation

We offer independent determination of fair market value for numerous purposes, including:

• BUY/SELL AGREEMENTS
• ESTATE AND GIFT TAX PLANNING
• EQUITABLE DISTRIBUTIONS
• CONTEMPLATED PURCHASE/SALE
• BANKRUPTCIES
• TAX TRANSFERS
• STOCKHOLDERS DISPUTE
• EMPLOYEE STOCK OWNERSHIP PLANS (ESOP'S)

Determining fair market value of a closely-held business demands two factors, the first being professional expertise. At Miller Hill Advisors, we offer our clients the experience and insight gained from the true determinant of value, the marketplace. In addition, we have research capabilities and resources that keep us at the front of the valuation field. Because of the current stage of development in valuation practice and the limited case law relating to it, it is essential that valuation firm stays abreast of current practices and that written opinions thoroughly support the positions taken.

The second critical factor is independence and the need for it is multifold. First, law often requires it, as with Employee Stock Ownership Plans (ESOP's), where a valuation by an independent appraiser is called for, excluding any parties to ESOP transactions or any parties employed by or related to the company being valued. Second, contractual agreements often call for an independent, professional appraisal. Third, all parties are more likely to receive fair treatment with an unbiased, outside opinion of value. Fourth, courts give greater weight to formal appraisals and expert witness opinions as to the valuation of closely-held businesses.

Other benefits arise from the valuation process, for a professional valuation provides not only an opinion as to the value of a closely-held business, but also an analysis of that business from a management consultant's point of view. Furthermore, as periodic updates are made, the appraiser becomes increasingly knowledgeable as to the economics of the individual business and the industry of which it is a part. As a result of knowing the value of a closely-held business, ownership can more effectively plan for mergers, acquisitions, reorganizations, a sale of the business.

Miller Hill Advisors uses national valuation firms as partners to ensure accurate and industry based valuations.