Are You Sure You Don't Need A Certified Machinery & Equipment Appraisal?
(Hint...You've Probably Needed One But Didn't Know It!)
There are no less than 20 typical reasons a business owner, CPA, attorney, insurance underwriter, lenders, leasing agents, business brokers, farm credit managers and others absolutely require the professional expertise of an independent third party Certified Machinery and Equipment Appraisal prepared by only a Certified Machinery and Equipment Appraiser (CMEA).
Can you really rely on a guess, book value, the word of a non-certified person, or auctioneer who may have a "hidden agenda"? The answer is "NO". You cannot. Why not? Relying on a guess, book value, or the word of a non-certified person (who may have a hidden agenda) is inaccurate and will not withstand scrutiny.
However, the skilled and experienced professionals who are CMEA's apply the methodology of appraisal and employ the guidelines for determining values. Therefore, you can rely with confidence on a Certified Appraisal Report prepared by a CMEA because it is a defensible estimate of value that is substantiated. The Appraisal will hold up to scrutiny. Will yours?
Reasons Why You Need A Certified Machinery & Equipment Appraisal...
- Business Owners need an Appraisal for insurable value, selling, financing, expansion, and strategic growth.
- CPAs need a Certified Appraisal because the IRS requires a Certified Appraisal by a Certified Appraiser! A Certified Appraisal is also needed when helping their clients convert from a C to S Corporation, Estate and Gift Planning, Trusts, Sarbanes-Oxley, and FASB 141/142.
- Bankers and Lenders need an Appraisal in support of loan and lease decisions to substantiate and collateralize a loan. Especially the Small Business Administration's new SOP's that require a "qualified" equipment appraisal.
- Attorneys need an Appraisal to substantiate accurate and realistic values that withstand IRS and Court scrutiny.