EAC was awarded a Business Valuation contract to assist a Paper Company for corporate planning. The firm eventually plans to gift a portion of their business, but at this time wanted a general idea of the business’ value. EAC communicated to the owner the report was not be used for gifting purposes. A Business Valuation may only be used for the purpose in which it is written unless specifically stated.
‣ Industry: Paper
‣ Standard of Value: Fair Market Value