Valuing the Future | Business Valuation Case Studies - Estate Planning Strategies

Valuing the Future | Business Valuation Case Studies - Estate Planning Strategies

Welcome to ValuationPodcast.com, where we delve into the intricacies of business and valuation. I’m your host, Melissa Gragg, a seasoned financial mediator and business valuation expert based in St. Louis, Missouri. 

Joining us today is Michael Koeppel, a veteran in valuing and financing firms across technology and manufacturing sectors, and the principal of Lakelet Advisory Group in New York. This episode continues our exploration of critical valuation issues, focusing today on future business valuation and estate planning—essential topics for every business owner pondering their next strategic move.

Topics discussed:
Why is a business valuation needed in estate planning?
Converting to S-Corporations
Moving shares into a trust & gifting to the family
Can you explain the impact of current tax laws on business valuation for estate planning?

Key takeaways:
The Importance of Independent Valuation: The discussion emphasizes how crucial it is for business owners to have an independent evaluation to provide a realistic estimate of their company's worth, which is often overestimated by owners themselves.

Planning and Updating Valuations: Michael stresses the need for thorough planning and regular updates in business valuation, particularly for estate planning purposes. A failure to regularly update business valuations can lead to significant discrepancies in understanding the company's current value.

Understanding IRS Requirements: The episode covers specific IRS requirements for estate planning and business valuation, including the necessity of having an accredited business evaluator and the need to justify the chosen valuation method among the income, asset, and market approaches.

The Role of Strategic Planning in Valuation: The conversation highlights how strategic planning goes beyond mere number crunching. It involves understanding market dynamics, the internal capabilities of the firm, and future potential, all of which should be reflected in the valuation.

Legal and Tax Implications: There’s an in-depth discussion about the legal and tax implications involved in business valuation, particularly when transferring ownership through family generations or selling the business. The dialogue underscores the complexities of aligning business valuation with tax planning and legal structures to optimize outcomes.


Connect with Michael: 
Michael Koeppel 
https://www.lakeletag.com/
Email: [e-mail]
https://www.linkedin.com/in/michaelkoeppel/

Connect with Melissa:
Melissa Gragg  
CVA, MAFF
Expert testimony for financial and valuation issues  
Bridge Valuation Partners, LLC  
[e-mail]  
http://www.BridgeValuation.com  
http://www.ValuationPodcast.com  
http://www.MediatorPodcast.com  
https://www.valuationmediation.com  
https://www.thedivorceallies.com/
Cell: [phone]

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