Valuation Services

Overview of RBSM’s Valuation Practice
As financial transactions, instruments and asset classes become increasingly complex, combined with the increased regulation and scrutiny from regulatory and governing authorities as well as our legal system, accurately valuing entities as well as assets and liabilities has become more important than ever. In addition, ensuring that the correct aspects and components of a particular valuation are captured – and are done so
appropriately – has also played a significant role in today’s financial and corporate world. Failure to do so can very easily lead to either not realizing the full value of a particular
entity (and possibly “leaving money on the table”) or conversely overpaying or overvaluing aspects of the entities being valued, leading to potentially devastating impacts on your business and/or other costs.

Our valuation group is dedicated to providing high-quality – and highly defensible – business and asset valuation services through reliability and responsiveness to your needs and objectives. We create tailored solutions that help you measure, analyze, and report on valuation issues, no matter your size, asset class, business stage, or industry.

Our valuation services represent key components of strategic transactions (e.g., M&A as well as fairness opinions), fulfilling public company accounting and reporting requirements (e.g., goodwill impairment as well as purchase price allocations), employee and payroll issues (e.g., ESOPs and 409A), legal & marital matters as well as dissolution of partnerships, tax issues, and valuation of intellectual property and proprietary technology.

We have extensive valuation advisory experience, allowing us to give you an advantage
in even the most complex situations.

Our range of valuation services include:

• Valuations of public and private corporations
• Valuations of other legal entities
• Valuations of intellectual property (both pre- and post-revenue)
• Valuations of complex equity, debt, convertible and derivative securities
• Fairness opinions
• Valuations for M&A (pre-acquisition as well as pro forma), strategic combinations, divestitures, spin-offs, joint ventures, reorganizations, recapitalizations, leveraged buyouts and management buyouts
• ESOP valuation and implementation
• 409A valuations
• Estate planning
• Goodwill impairment
• Purchase price allocation
• Regulatory compliance
• Valuations of private equity portfolios for LP reporting purposes
• Expert witness

INTELLECTUAL PROPERTY: AN OFTEN OVERLOOKED (AND UNDERVALUED) ASSET CLASS
In our current hyper-technologically advanced society, even companies in the least technology-focused sectors still have a significant reliance on technology and are likely to have some intellectual property component on their balance sheet. Business owners selling their companies often overlook the value of their intellectual property when determining an appropriate valuation for their business in preparation for the sale, particularly when such intellectual property is not revenue producing and is simply used in the day-to-day operations of the business. As such, a great deal of money could be left on the table during discussions of the sale price with potential acquirers.

Depending upon the nature of the technology, as well as whether or not it is proprietary to the business, often times the technology can carry an even higher value than the operations of the business itself, but such value is often not captured or even analyzed if those conducting the valuation of the business do not possess the sophistication or a deep understanding with respect to the manner in which intellectual property should be valued,
which is very different than the manner in which more traditional asset classes are valued.

We have expert knowledge with respect to the manner in which different types of
intellectual property should be identified and valued – and will ensure that you capture
the FULL VALUE for your business.