Whether you’re dealing with the breakup of a partnership or a lawsuit, a certified machinery & equipment appraisal will provide you with tools to prove the value of your equipment from those who would inflate or deflate its value for their own benefit. But exactly how does this type of appraisal impact your machinery value, and how does it benefit your side of the situation?
Here are a few examples where an appraisal will help you prove the value of your business assets.
A contentious divorce pits two sides of business against each other. One party wants out, and the other party wants to keep the company. The one who wants out wants top dollar for the years they put into the business and isn’t afraid to inflate the company’s value and the value of its machinery assets. The one who is staying with the company is resentful and only wants to pay the fair market value. A certified appraisal will determine the actual value of the equipment.
When a business owner suddenly passes away from a heart attack or car accident, the remaining family members must split up the business. Some family members are willing to wait for the right buyer to offer a higher price. However, other family members want to quickly liquidate the equipment and assets to move on with their lives instead of dragging out the entire process. How do you determine the fair value to make everyone as happy as possible? An appraiser examines the situation and determines the fair market value of all equipment.
Tragedy hits, and a worker is killed on-the-job at your construction site in a freak accident. The surviving family members sue your company, going after everything they can in their pain, and are determined to take it all. They know a little about the industry and have seen equipment like yours go for a lot of money. But what they don’t understand is that your equipment is close to end-of-life and was damaged during that fast-track project a couple of years ago. How do you prove to them what the value of your machinery is? Certified machinery & equipment appraisal.
Start with a solid grasp of your equipment’s value. A certified appraisal gives you the verified information you need to fight for your rights in any number of different situations. However, not every person who represents themselves as an appraiser can provide you with reliable calculations and tested methodologies needed to get the job done. Make sure that you only work with a professionally-certified ASA appraiser who has experience in your industry as well as with valuation disputes.
