CRANDALL & BRACKETT, LTD Business Valuation Specialists Business valuation results are very dependent on what type of value is determined, and the independence in mind and practice of the actual valuator. Gift and estate valuations use something referred to as the fair market value (described in Revenue Ruling 59-60), while divorce and other valuations use different measures of value, often referred to as fair value. When using the term "fair value" it is important to understand what definition of fair value is necessary. Marital fair value is defined differently in different states, and in/for different types of courts. Fair value for shareholder disputes is defined differently depending on the argument(s). We work with the attorney and accountant/tax preparer to identify the correct measure of value (fair value, fair market value, etc. [there are many others]). We then develop the resulting value. The effective valuation date and time also impact the result as businesses often have good years, bad years, good press and bad press, all of which may impact value. COVID-19 and inflation are examples. Crandall & Brackett, Ltd. was formed in 1991 when Robert C. Brackett joined Arthur L. Crandall (formerly of Arthur L. Crandall, Ltd.) to provide business valuation and BV litigation support in conjunction with a business's attorney or accountant, specializing in closely held company's needs in estate tax, gift tax, financial reporting, and family matters. At the time of his death in 1994, Arthur Crandall was a nationally recognized Valuations authority and Alternative Dispute Resolution expert. Robert Brackett has since become an internationally recognized figure in Business Valuations, holding professional designations, ICVS (International Certified Valuation Specialist), CVA (Certified Valuation Analyst), CGMA (Chartered Global Management Accountant), and CPA. Our valuations have been used in the following circumstances: Tax Matters Charitable Contribution Filings Estate and Gift Taxation Income Tax Allocation Stock Options Family Limited Partnerships Non-Tax Matters Litigation Support Estate and Gift Tax Planning Equity Restructuring Establishing Buy-Sell Formulae Financial Reporting www.crandall-brackett.com +1.630.344.2355 CRANDALL & BRACKETT , LTD Business Valuation Specialists Business valuation results are very dependent on what type of value is determined , and the independence in mind and practice of the actual valuator . Gift and estate valuations use something referred to as the fair market value ( described in Revenue Ruling 59-60 ) , while divorce and other valuations use different measures of value , often referred to as fair value . When using the term " fair value " it is important to understand what definition of fair value is necessary . Marital fair value is defined differently in different states , and in / for different types of courts . Fair value for shareholder disputes is defined differently depending on the argument ( s ) . We work with the attorney and accountant / tax preparer to identify the correct measure of value ( fair value , fair market value , etc. [ there are many others ] ) . We then develop the resulting value . The effective valuation date and time also impact the result as businesses often have good years , bad years , good press and bad press , all of which may impact value . COVID - 19 and inflation are examples . Crandall & Brackett , Ltd. was formed in 1991 when Robert C. Brackett joined Arthur L. Crandall ( formerly of Arthur L. Crandall , Ltd. ) to provide business valuation and BV litigation support in conjunction with a business's attorney or accountant , specializing in closely held company's needs in estate tax , gift tax , financial reporting , and family matters . At the time of his death in 1994 , Arthur Crandall was a nationally recognized Valuations authority and Alternative Dispute Resolution expert . Robert Brackett has since become an internationally recognized figure in Business Valuations , holding professional designations , ICVS ( International Certified Valuation Specialist ) , CVA ( Certified Valuation Analyst ) , CGMA ( Chartered Global Management Accountant ) , and CPA . Our valuations have been used in the following circumstances : Tax Matters Charitable Contribution Filings Estate and Gift Taxation Income Tax Allocation Stock Options Family Limited Partnerships Non - Tax Matters Litigation Support Estate and Gift Tax Planning Equity Restructuring Establishing Buy - Sell Formulae Financial Reporting www.crandall-brackett.com +1.630.344.2355