You shouldn’t trust just anyone with determining a value for your machinery and equipment. Why? That’s a great question and we’re glad that you asked. Determining a value for machinery and equipment should be done by a “qualified” and “Certified” professional. An Appraiser that has proven experience, professionalism, and most importantly, is a Certified Machinery & Equipment Appraiser (CMEA).
You also should make sure that the appraisal company that you work with is USPAP compliant and prepares a Certified Machinery & Equipment Appraisal mandated by the IRS, CPAs, lenders, and the U.S. Small Business Administration. That way, you are assured that you are working with an industry leader who is a respected provider widely accepted and sought after by other professionals.
The Certified Machinery & Equipment Appraisers (CMEA) at Biz BUYology, LLC are widely known as a respected industry leader. Backed by experience and certification, our certified appraisals are prepared according to the ethics and reporting requirement mandated by the Uniform Standards of Professional Appraisal Practice (USPAP), promulgated by Congress and the Appraisal Foundation. It is the leading authoritative source for appraisals.
Who NEEDS An Appraisal?
Lenders need a Certified Machinery & Equipment Appraisal in support of loan decisions. In fact, SBA’s SOPs require a “qualified” appraisal. CPAs need a Certified Machinery & Equipment Appraisal pursuant to AICPA’s Standards of
Valuation #1 in addition to the Pension Protection Act of 2006 and the Council of Foundations. Attorneys need a Certified Machinery & Equipment Appraisal for divorce dissolution and litigation to substantiate accurate and realistic values that will withstand IRS and Court scrutiny. Business Owners need a Certified Machinery & Equipment Appraisal for insurable value, selling, financing, buying, expansion, partnership dissolution, property taxes, Pension Protection Act of 2006, and Converting from a C Corp to S Corp.