Conclusion of Value
What it is
The defensible, court-ready business valuation.
A Conclusion of Value is the full, written business valuation opinion, performed under NACVA Professional Standards methodology. It applies every procedure the methodology requires. All three valuation approaches are considered. Every assumption is documented. The report is the one you hand to a judge, to the IRS, or to a buyer's diligence team and it holds up.
When you need a Conclusion of Value
Divorce, shareholder disputes, partner separations, damages calculations. Anywhere the number has to survive cross-examination by opposing counsel and their expert.
Gift tax returns, estate tax filings, charitable contribution substantiation. Anywhere the IRS expects a written report behind your valuation, not just a number.
ESOP formation and annual updates, where DOL and IRS scrutiny require a full, documented valuation that meets fiduciary standards.
Fairness opinions, large buy-sell triggers, third-party deal validation, and any sale where the buyer, the lender, or your own board needs a fully supported valuation sitting in the file.
What's included
- Full written report meeting NACVA Professional Standards methodology, written for legal, regulatory, and counterparty review
- All three valuation approaches considered, asset, income, and market, with explicit reasoning for the weight given to each
- Documented assumptions and limiting conditions, transparent, defensible, and reviewable by opposing experts or auditors
- Recast financial statements with full normalization rationale for owner compensation, one-time items, and non-operating activity
- Comparable transaction analysis across Upper Main Street and Lower Middle Market deals in your industry
- Defensibility memo explaining the methodology choices we made and the data we used to make them
- Findings walkthrough, a live call with you (and your attorney, CPA, or advisor if it applies) to walk through the report and answer questions
Conclusion vs. Calculation of Value
| Conclusion of Value | Calculation of Value | |
|---|---|---|
| Scope | Full, all procedures required by methodology | Limited, agreed-upon procedures |
| Methodology | NACVA Professional Standards | NACVA Professional Standards |
| Defensibility | Defensible, suitable for litigation, IRS, ESOP | Directional, for planning & internal use |
| Deliverable | Full written report with documented assumptions and limiting conditions | Written summary |
| Typical timeline | 1–2 weeks from documents in (72-hour rush available) | 2–3 days from documents in (24-hour rush available) |
| Best for | Court, IRS gift/estate/income tax, ESOP, major transactions | Sale-prep pricing, planning, partner buy-outs, exit math |
Not sure which one you need? Get on a quick intake call and we'll tell you. We will not push you toward the bigger product if your purpose doesn't require it.
How we deliver it
Need a Conclusion of Value in 72 hours?
Rush Reports are available when the timeline is not negotiable. Litigation deadlines, IRS filing windows, ESOP timelines, or a closing date you have to hit. 72-hour turnaround from the moment your documents are in.
Scope a Conclusion of Value engagement
Tell us the purpose. Litigation, IRS, ESOP, or a major transaction. We'll confirm scope, the standard the matter requires, the timeline, and the documents we need from you.
Request a Conclusion of ValueJust need a directional answer?
If the valuation is for sale-prep pricing, internal planning, or partner buy-out math, a Calculation of Value is faster, less expensive, and usually the right product.