Welcome to
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Checklist for Valuing
a Law Practice

This checklist has been provided by Robert R. Wietzke, CPA, CVA, and President of the Valuation firms of Valuation Professionals in connection with a presentation before the State Bar of California Annual Convention. They welcome inquiries at rwietzke@valuationpro.com


LAW FIRM INFORMATION

DOCUMENTS REQUESTED FOR
BUSINESS VALUATION ENGAGEMENTS


FINANCIAL STATEMENTS

1. Annual financial statements and tax returns for the last three years.

2. Interim financial statements through last period.

3. Copies of any forecasts or projections.

OTHER FINANCIAL DATA

4. Copies of business plan.

5. Schedule of compensation.

6. Reports of other professionals:

a. Appraisals on specific assets.
b. Reports of other consultants.

OTHER OPERATING DATA

7. Brochures, information, website.

8. Resumes or a summary of the background and experience.

9. Breakout of revenue mix. What % of Business is direct selling, referral, advertising, etc? Give examples.

LEGAL DOCUMENTS

10. Details of significant lease and loans, including notes receivable and note payable.

11. Copies of partnership agreements, including any stock option agreements.

12. Copies of any buy-sell agreements and/or written offers to purchase or sell company stock.

13. Details of key managers' employment contracts.

14. Details of any litigation, including pending or threatened lawsuits.

15. Details of any employee benefit plans, including pension plans, profit-sharing plans, and employee stock option plans.

16. Reports of examination issued by government agencies such as IRS or EEOC.

 

 

 

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