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WTAS’ Valuation Services group provides thorough, independent valuation analyses together with superior client service and responsiveness. We produce comprehensive analyses and deliverables that reflect our technical depth and extensive experience with complex valuation issues and diverse industries.

WTAS’ Valuation Services professionals are highly qualified to help clients with critical valuation issues. We provide thorough, supportable analyses and deliverables that surpass quantitative modeling to document the “story” behind the asset or business being valued. Our analyses combine a detailed understanding of the business, industry and economic context with the insight to address complex valuation issues. We take pride in the development of a comprehensive and well-reasoned work product, including presentation of logical, defensible support for key assumptions, consideration of multiple valuation methodologies, and creative thinking beyond standard approaches. Our deliverables are designed to withstand review by second parties and, as applicable, in administrative and court proceedings.

As an independent firm (not affiliated with an auditing firm), we are free from audit, research, bond-rating and other conflicts. We offer superior responsiveness in meeting your needs and deadlines, with minimal diversion of your time, resources and personnel.

Our valuation specialists have extensive experience in providing appraisals and financial advisory services for a variety of needs, including:

Tax Planning and Compliance

• Valuations for estate and gift tax planning and reporting, including valuations for:
  
  • Transfers of interests in family limited partnerships, limited liability companies, trusts, and private companies
  • Restricted stock and stock options (IRC Sec. 409A)
  • Shareholder and buy-sell agreements
• Appraisals for charitable contributions
• Valuations for domestic and international tax planning, including:
  
  • Corporate reorganizations
  • International restructurings
  • Ownership/control changes and net operating loss utilization
  • Conversions of C corporations to S corporations
  • Allocation of the purchase price paid in a taxable transaction to acquired assets

Financial Reporting

• Fair value measurement and disclosure
• Goodwill and long-lived asset impairment analyses
• Allocation of the purchase price paid in a transaction to acquired intangible and tangible assets
• Stock option, derivative, and “cheap stock” analyses
• Determination of the fair value of financial instruments
• Fair value reporting of investment portfolios

Acquisitions, Mergers and Divestitures

• Due diligence support
• Analysis of potential operational and financial synergies
• Assessment of proposed capital structures
• Analyses for joint ventures, strategic alliances, management buyouts, and recapitalizations
• Formulation of value-allocation strategies between divisions of an acquired company

Strategic Planning

• Intellectual property (IP) consulting, including IP portfolio mining and patent scoring/claims analysis
• Financial modeling and sensitivity analyses
• Business and asset valuations for financing

Corporate Reorganization and Bankruptcy

• Valuation and financial advisory for debtors, creditor committees, secured and unsecured lenders, and other constituents
• Determination of enterprise reorganization and asset values for fresh-start accounting
• Liquidation, going-concern, and solvency analyses
• Assessment of collateral values

Litigation/Dispute Support

• Analyses related to shareholder and contract disputes
• Valuation consulting related to patent infringement claims
• Expert witness services
• Analysis of asset values for insurance claims
• Appraisals related to marital dissolution

Asset and Business Valuation

• We have extensive experience in valuing the following types of businesses and assets:
• Closely held companies and partial interests
• Family limited partnership and limited liability company interests
• Business operations, including subsidiaries, divisions, and profit centers
• Intellectual property, including patents, trademarks, trade names, copyrights, and trade secrets
• Intangible assets, including proprietary technology, intellectual property R&D, customer lists, relationships, contract rights, and covenants not to compete
• Preferred stock and debt instruments
• Options and warrants
• Investment portfolios, including private equity, venture capital, and hedge funds
• Securitized assets
• Machinery and equipment
• Real estate