Valuation Services, Inc. (VSI) prepares valuations of closely held entities and their respective ownership interests on a full-time and exclusive basis. VSI is owned and staffed by seasoned Certified Valuation Analysts (CVAs), CPAs, and an attorney. Over the past several years, we have valued operating businesses and fractional ownership interests in entities, which collectively owned over $1 billion in assets.
We provide valuation services to attorneys, fiduciaries, accountants, and other individuals for use in:
- gift/estate tax reporting
- estate planning and administration
- divorce proceedings and settlements
- litigation support
- bankruptcies
- purchase or sale of closely held entities
- ESOP and pension plans
- shareholder and partner disagreements
VSI values the following types of minority and majority ownership interets:
- limited/general partner interests
- common/preferred stock
- joint venture interests
- joint tenancies
- member interests in limited liability companies
VSI specializes in valuations of real estate ownership interests and family limited partnerships. In addition, VSI has valued many on-going operating businesses such as:
- manufacturing
- government contracting
- real estate management
- wholesale distribution
- software
- consulting
- oil distribution
- hotel/resort
- crushed stone
- construction
- hydro-electric power production
Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:A: Certified Public Accountant
Certified Valuation Analyst
Admitted to the Maryland Bar
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: American Institute of Certified Public Accountants
National Association of Certified Valuation Analysts
Member of the Institute of Business Appraisers, Inc.
Maryland Bar Association
American Bar Association
Maryland Association of Certified Public Accountants
Virginia Society of Certified Public Accountants
Registered Investment Advisor and Registered Principal with the SEC
Wharton Club of D.C.
President of MD/DC Chapter of NACVA
Northeast Regional Advisor to the President of NACVA
American Arbitration Association
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: Various seminars including:
"Family Limited Partnerships" Sanford Bernstein/VSI joint presentation, May 2002.
"Valuing Family Limited Partnerships and LLCs" Shulman, Rogers, Gandal, Pordy & Ecker, PA, June 2000.
"IRS Attacks Family Limited Partnerships" MD State Chapter NACVA Meeting, August 1999.
Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No.
Q: On how many occasions have you been retained as an expert?
A: More than 150.
Q: For what area(s) of expertise have you been retained as an expert?
A: Business Valuation
Business Interruption/Shareholder & Partner Disputes
Divorce Litigation
Forensic Accounting
Q: In what percentage of your cases were you retained by the plaintiff?
A: Approximately 50%.
Q: In what percentage of your cases were you retained by the defendant?
A: Approximately 50%.
Q: On how many occasions have you had your deposition taken?
A: More than 30 times.
Q: When was the last time you had your deposition taken?
A: Five months ago.
Q: On how many occasions have you been qualified by a court to give expert testimony?
A: Over 10 times.
Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: Over 10 times.
Q: For how many years have you worked with the legal industry as an expert?
A: Over 10 years.
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Valuation consulting
Preparation of calculations and comprehensive reports to support valuation opinions
Testimony
Q: What is your hourly rate to consult with an attorney?
A: 175 to $325 (depending on staff member/partner).
Q: What is your hourly rate to review documents?
A: 175 to $325 (depending on staff member/partner).
Q: What is your hourly rate to provide deposition testimony?
A: 175 to $325 (depending on staff member/partner).
Q: What is your hourly rate to provide testimony at trial?
A: 175 to $325 (depending on staff member/partner).
Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: Out-of-pocket travel expense at cost. Other administrative costs (e.g., copy) are included in the overall fee quote estimate.
