Attorneys

Attorneys can use the accurate, substantiated, irrefutable and defensible value of their client's business, machinery, and equipment to strengthen and successfully try a case in court. McGinty Appraisals can be used for Divorce Settlements, Buy and Sell Agreements, Bankruptcy, Litigation Support, Cost Segregation, “C” to “S” Corp. Conversions, Collateral, and Gifting.

As Certified Machinery and Equipment Appraisers (CMEA), McGinty Appraisals assures a consistent report that will meet all of the Uniform Standards of Professional Appraisal Practices USPAP that are required by the Internal Revenue Service to substantiate business, machinery, and equipment appraisals. It just makes sense to include this essential tool in your case preparation.

Banks and Lenders

Banks and Lenders are required to make informed decisions, and are required by SBA lending regulations that they support and justify their loan decisions for business, machinery, and equipment acquisitions.

Banks and Lenders often need to know the value of a forced liquidation, or the fair market value of the collateral securing a troubled loan, or one in default. A McGinty Appraisal permits the Bank and other Lenders to make the informed decision on how to handle the loan.

Business Owners

A McGinty Appraisal is a necessary tool for Business owners that need to know the value of Their Business, Machinery, and Equipment, for at least a few of the following reasons:

• To Determine the fair market value of Their Business, Machinery, and Equipment.
• To make Decisions involving the selling or merging of Their Business.
• It will Support a business loan request and represent its collateral value.
• It is a guideline to obtain a lease back on your Machinery and Equipment.
• To Determine Insurable Value to support a basis of a Buy/Sell Agreement.
• It will Support Insurable Value… vital preparation for the possibility of catastrophic loss of Business, Machinery, and Equipment.
• Support Insurable Value of a Key man life insurance policy.
• For Estate Planning… it will support values for purposes such as the set-up of a trust, gifts, inheritance, and other concerns.
• Litigation support of fair market value for Divorce, Litigation, Minority Stockholder dispute, and other disagreements.

McGinty's experienced appraisers provide Independent, third party, Certified Business Appraisals, as well as Machinery and Equipment Appraisals to substantiate appropriate market values. An appraisal is peace of mind as well… just knowing what your assets are really worth helps you with the decision making process and arms you with the knowledge to make the right move.

Financial Planners & CPA's

It has been mandated based on the Internal Revenue Service Pension Protection Act of 2006, and Circular 230, that a true and accurate fair market value of your client's capital equipment and business must be substantiated. Liability and Risk become paramount when relying on anything other than a Certified Machinery and Equipment Appraisal, or a third party Independent

Business Valuation. McGinty Appraisals can determine a substantiated value report consistent with the Uniform Standards of Professional Appraisal Practice USPAP. McGinty Appraisals can also be utilized for converting “C” to “S” Corp’s, 1031 Exchanges, ESOPS, Valuations, Gifting, Estate Planning, Value Support for Key Man Life insurance, Buy and Sell Agreements, and Financing (establish collateral value).

The Links below further clarify the importance and
necessity of Appraisals