This service is “limited” why? To save the
client time and money yet meet disclosure
standards for government compliance under
Revenue Ruling 59-60.
How is the service limited? By relying more
heavily on W&A’s experience,
knowledge and training. Limited Scope reports
provide valuations for incentive stock options,
gifting of family limited partnership (FLP) or
Limited Liability Company (LLC) interest,
buy/sell agreements, transaction planning and
many other instances where the depth of a Full
Scope Valuation is not required.
Services are priced from $5,000 for family
limited partnerships and from $7,500 for
operating businesses.
There
are areas, however, where a Limited Scope is not
recommended. Limited Scope is not recommended
for financial reporting for matters like FSAS
141/142, complex estate tax returns (Form 706),
litigation services or other instances where
in-depth research, analysis, and report writing
are required (see Full Scope Valuation service).
Limited Scope reports have been followed by
government agencies: for example, the IRS and
most recently Wandtke and Associates Limited
Scope reports have been accepted for blockage
discount transactions and significant business
transactions and royalty negotiation and
licensing agreements.