EAC was awarded a Business Valuation contract for the purposes of Estate tax after a minority owner in a $100MM Staffing Company unexpectedly passed away. The shareholder agreement stated a valuation to be done to determine the buyout amount. The valuation used for IRS Estate tax purposes was also used subsequently in the buyout of the deceased partner. Our analysis included a sit down with management to understand the complexities of the Staffing industry.
‣ Industry: Specialty Staffing
‣ Standard of Value: Fair Market Value