Our business valuation professionals are trained and credentialed in finance and business valuation. We provide consulting services related to the valuation of businesses, the financing of businesses, and the ownership transfer of businesses. Stonefield Josephson provides objective, independent and defensible opinions for a wide range of situations.

Services

• Mergers and acquisitions
  • Estimates of the value of target companies.
  • Valuation of the target and later combined companies.
  • Valuation-related due diligence of target companies.
  • Valuations for financing.
• Succession planning by management
  • Valuation of businesses.
  • Determination of the value of fractional ownership interest for gifts, sale or grant.
  • Assistance with the development of succession plans for sale to management, ESOPs, outside parties or sale/transfer to family members.
  • Assistance with obtaining financing associated with the transaction.
• Financial reporting
  • Purchase price allocation.
  • Goodwill and intangible asset impairment.
  • Intellectual property valuation.
  • Option valuation.
• Litigation
  • Opinions of value and testimony.
  • Due diligence and discovery.
  • Review and analysis of reports prepared by other parties.
• Tax services
  • Determining the value of an ownership interest transferred by gift, grant or purchase.
  • Determining the value of business interests for estate tax purposes.
  • Built-in-gains studies.

Representative engagements

Litigation:

• Business valuation and damage analysis allegedly suffered by a transportation company resulting from the cancellation of a multi-year transportation contract by a Fortune 100 pharmaceutical company. Engagement entailed calculation of valuation of the business immediately prior to the contract cancellation and the valuation of the business after the contract cancellation in the determination of the diminution of value to the enterprise and the related damages. Engagement entailed analysis of contracts, financial statements, issuance of valuation opinions and deposition and trial testimony.
• Valuation analysis of damages allegedly caused by a wireless carrier as a result of their alleged unfair pricing interference with a retail cellular reseller. Alleged damages exceeded $1 billion and involved analyses of multiple wireless companies during the damage period. Analysis included review of business valuation and economic damages calculated, financial statements of wireless companies, financial statements of reseller and numerous studies performed by marketing and economic experts.
• Valuation of multiple construction, real estate development, excavation and related entities in connection with a shareholder dispute. Engagement consisted of valuing each entity and advising the client of the tax consequences associated with the division of the entities among the shareholders and advisory services in connection with the ultimate structuring of the division of the related properties on a tax efficient basis.

• Valuation of multi-state door manufacturer in connection with the estate planning and creation of a defective grantor trusts.
• Valuation of real estate partnership in connection with the estate planning of the general partners.
• Valuation of a family limited partnership in connection with estate planning of the certain family members and a gifting program.
• Valuation of a printing company and related real estate entities in connection with the estate return filing.
• Valuation of a manufacturing company in connection with the company's election to be taxed as an S corporation to determine the existence and amount of built in gains.
• Valuation of a manufacturing company in connection with spin off of the related acquisition to an insider (fairness opinion).