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What You Ought To Know About The Value Of Your Machinery And Equipment
Discover Why You Need To Know And How You Can Find Out What Your Machinery And Equipment Is REALLY Worth
Why Trust The Value Of Your Machinery And Equipment To Just Anyone?
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 certified professional. A company that has proven professionalism, experience, and most importantly, a certification. You also should make sure that the appraisal company you work with is qualified and delivers a USPAP compliant Certified Machinery & Equipment Appraisal. 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.
L Sweet Appraisals, LLC. is known as a respected industry leader when it comes to residential and machinery and equipment appraisals. Backed by experience and certification, our certified appraisals are prepared with integrity, honesty and dedication to the appraisal process. We are advocates only of the appraisal, not of any person or entity. Therefore, you can expect to receive a Certified Report that is qualified, defensible, irrefutable and will withstand scrutiny.
Find Out If You Need An Appraisal...
If you can answer “YES” to any of the following business situations, you absolutely need an independent third party appraisal. Obtaining a Certified Appraisal from a Certified Machinery & Equipment Appraiser (CMEA) will provide you with a substantiated and defensible value that will withstand scrutiny of lenders, courts, IRS, and others.
Buy/Sell Agreements
Converting From C To S Corp
Financing / Loans / Leases
Business Valuations
Cost Segregation
Insurable Value
Foreclosures / Bankruptcy
FASB 141 & 142
Divorce Settlements
Mergers & Acquisitions
Litigation Support
Trust , Gift & Estate Planning
Partnership Dissolution
Pension Protection Act of 2006
1031 Exchanges
Retirement Planning
Sarbanes Oxley
GASB 34
The Problem With Surface Level Information
Many attempts have been made to educate the public on how to protect themselves when it comes to providing accurate machinery and equipment values. Oftentimes, the public relies on surface-level information from an appraiser which does not give an indication as to the level of accuracy or competency.
We are committed to preserving the public trust. The purpose of the “Code of Ethics & Competency” Appraiser Awareness Program is to protect the public from unsubstantiated or questionable machinery and equipment appraisals. Our seal serves to alert the public to the documentation we know is necessary to prove that an appraiser is competent. This assures an appraisal will be substantiated, accurate, irrefutable, defensible and will withstand scrutiny.
If a machinery and equipment appraiser doesn’t meet these standards, your best option is to continue to look for an appraiser that does.
Are You Making A Costly Mistake By Not Looking At Your Machinery And Equipment?
Most business owners do not know that an error in judgment in appraising machinery and equipment can be costly. That’s why as a business owner, you should have confidence that the values are true and are backed by evidence to support the fair market value.
All appraisal reports are not created equal! If you guess, rely on the word of a non-certified person (auctioneer or dealer), who may have a hidden agenda, or rely on a depreciation schedule, you should know that the values are inaccurate and unsubstantiated.
L Sweet Appraisals, LLC, will deliver a qualified and comprehensive detailed Certified Machinery & Equipment Appraisal Report consistent with the ethics and guidelines mandated by the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP, promulgated by Congress and the Appraisal Foundation, is the leading authoritative source for appraisals.
That’s why you can expect to receive an accurate, irrefutable, defensible, and descriptive Report that includes photographs, model and serial numbers, and other descriptive information that will withstand scrutiny. Our assignment of value is based on extensive research, personal inspection, and contact with manufacturers and suppliers to determine what your machinery and equipment is really worth.
Who Needs An Appraisal?
• Business Owners need an Appraisal for property taxes, insurable value, selling, financing, buying, expansion, and strategic growth.
• Bankers need an Appraisal in support of loan decisions and the SBA’s SOP 50-10(5).
• CPA’s need an Appraisal pursuant to AICPA’s Standards of Valuation #1, converting from C to a Sub-Chapter S Corporation, Estate and Gift Planning, Trusts, Sarbanes Oxley, FASB 141/142, and Cost Segregation.
• Attorneys need an Appraisal for divorce dissolution and litigation to substantiate accurate and realistic values that withstand IRS and Court scrutiny.
• Municipalities, Universities, Hospitals need an Appraisal to substantiate values for GASB 34 filings.
Services Provided By:
L Sweet Appraisals, LLC
An Industry Leader
Machinery & Equipment Appraisal
Machinery & Equipment Brokerage
Colorado Certified Residential Appraiser
Wyoming Certified Residential Appraiser
FHA Approved Appraiser
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