Business Valuation

Since its founding in 1983, BTZ has completed more than 3,500 business valuations engagements covering a wide spectrum of industries ranging from small closely held businesses and professional practices to middle-market publicly traded companies. Certain BTZ principals, directors and senior associates devote a substantial portion of their work to the performance of business valuations. These professionals hold credentials specific to business valuation including: Certified Public Accountant Accredited in Business Valuation (CPA/ABV); Chartered Financial Analyst (CFA); and Accredited Senior Appraiser (ASA).

The BTZ business valuation team provides thorough, objective, well-researched and substantiated business valuation opinions, which are communicated by the appropriate means for the engagement including in clear, concise and well-written valuation reports and clear, concise and credible expert witness testimony at deposition and trial. BTZ approaches each business valuation attuned to the unique facts and circumstances of the engagement, including the standard of value and law applicable to the purpose of the valuation. BTZ professionals utilize their years of experience in accounting, auditing, finance and litigation services and their educations in economics, finance, engineering, law and accounting, to prepare business valuations that are well-documented, credible and understandable, and which fully incorporate the insight and judgment gained by BTZ professionals from their years of experience.

BTZ professionals act as an arbitrator of business valuation matters; write and lecture about business valuation; and are frequently appointed by the Court to value a business entity at issue in a legal matter. Over the years, business valuations prepared by BTZ professionals have been relied on for acquisition/sale transactions, submitted to the IRS without challenge, and successfully defended in Federal and State courts.

Purposes of Valuations Performed by BTZ Professionals

BTZ professionals are experienced in performing business valuations for the following purposes, among others:

  • Business Litigation;
  • California Corporations Code Section 2000 - corporate dissolutions;
  • Eminent Domain/Condemnation Proceedings;
  • Employee Stock Ownership Plans (ESOPs);
  • Gift and Estate Planning and Taxation;
  • Marital Dissolutions/Community Property Settlements;
  • Mergers and Acquisitions/Sales;
  • Minority Interest Disputes;
  • Partner/Shareholder Buy-Outs;
  • Partnership Dissolutions;
  • Share Based Compensation;
  • Stock Contributions to Charitable Organizations;
  • Transaction Structuring and Financing.

Spectrum of BTZ’s Business Valuation Experience

BTZ professionals have completed business valuations for companies operating in a wide spectrum of industries, including:

  • Automotive;
  • Contracting;
  • Distribution;
  • Financial Services;
  • Hospitality;
  • Manufacturing;
  • Professional Practices;
  • Retail;
  • Sports & leisure; and
  • Service.
  • Hi-Tech
  • Telecom
  • Solar

Valuation of Intangibles by BTZ

In addition to valuing businesses, BTZ professionals also value intangible assets, including:

  • Goodwill;
  • Going Concern Value;
  • Existing Contracts;
  • Covenants Not to Compete;
  • Copyrights;
  • Leasehold Interests;
  • Licenses; and
  • Patents.

BTZ’s Business Valuations Regarding Marital Dissolutions

Valuation and financial analysis in a community property division is a complicated process requiring a broad-based knowledge of the laws pertaining to community property. Although Brinig Taylor Zimmer, Inc. does not render legal services, the firm has significant experience in community property assignments including the valuation of businesses, tracing of community and separate property, the determination of income for support and other complex financial issues in divorce engagements. The majority of our assignments in family law matters are by stipulation of the parties or appointment by the Court.

In family law matters, the valuation of businesses and professional practices must conform to the unique aspects of California community property law. California case law mandates the allowable standards of business valuation and restricts the direct consideration of future, separate property earnings in determining business value. The valuation of professional goodwill is frequently a consideration in marital dissolution cases and Brinig Taylor Zimmer has significant experience performing this analysis.

In certain situations, California case law requires the allocation of appreciated separate property between separate and community ownership. Separate property business interests are allocated by applying complicated case law theories generally referred to as Pereira and Van Camp analyses. Appreciation of separate property residences is allocated under case law theories set forth in Moore v. Moore and Marsden v. Marsden.

BTZ Professionals Performing Business Valuations

BTZ professionals performing business valuations are:

  • Brian P. Brinig, Principal
  • Robert A. Taylor, Principal
  • Paul A. Zimmer, Principal
  • Cheryl J. Kessler, Director
  • Catherine (“Kate”) Kowalewski, Director