Consulting & Valuation Services
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide consulting services:
Management Advisory Services
Even the most qualified managers can benefit from competent, objective feedback. We can help your company’s management team develop long-term objectives and specific strategies to facilitate your business’ future growth and success.
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.
Business Entity Selection
Choosing the form of entity of your business (e.g. “S” corporation, sole proprietor, limited liability company…) is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company.
Business Succession Planning
Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company’s day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
Whether you are contemplating the addition of new computer hardware or overhauling your network, our experienced staff can assist you with many of the difficult decisions that must be made when designing your business’ computer systems.
Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced competent staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.
Expert Witness Services
Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases.
Determining the value of privately-held businesses is a vital aspect associated with many business transactions, including financial reporting, estate planning, and litigation. As these transactions become more complex, the need for a comprehensive and objective determination of valuation increases.
Valuations encompass a complete analysis of business operations or transactional details. Our approach to valuations is both art and science. A valuation must consider both the factual numbers from the past and management’s projections of the future. The analyst also must consider the economic environment, industry status, tax issues, and the people involved.
Jacob K. Farsakh MBA, CPAs can assist by delivering a broad spectrum of valuation services, supplying the important information you and your business need, efficiently and effectively.
The benefits of our valuation services
There will be times when you may need to negotiate a purchase or sale, secure credit, settle a legal dispute, plan your estate, or develop comprehensive tax strategies. Whatever your specific needs, we provide valuations that apply professionally acceptable methods, resulting in a comprehensive and defensible estimate of value.
Other specific situations where a valuation may be required:
Jacob K. Farsakh MBA, CPAs’ business valuation or analysis includes:
We keep both the process and the report simple enough to be understood, but detailed enough to support the conclusions.
We understand that your business is unique and the results of a valuation must be easily understood by a third party. A judge, jury, or IRS agent must be able to follow the logic in a valuation report. Our expertise and comprehensive approach helps ensure that you receive a well-reasoned, well-presented valuation that supports your position. Should your valuation be questioned by the taxing authorities or through litigation, we will be there to provide the support and expertise needed to defend your position.