Business Valuation Standards (BVS)
Ileri Consulting offers professional business consulting and advisory services which include formal and informal independent business valuations or appraisals. We provide Main Street (less than $5 million in annual sales revenue) small business owners with informal valuations that are non-BVS compliant (e.g., our "Rough Estimate of Value" and "Business Price Opinion") and formal business appraisals or valuations which are BVS compliant (e.g., our Limited and Full Scope Appraisals).
Compliancy typically requires strict adherence to the appraisal guidelines of IRS Revenue Ruling 59-60, industry business valuation standards (BVS) including the Appraisal Foundation's Uniform Standards of Appraisal Practice (USPAP), International Valuation Standards (IVS) of the International Valuation Standards Council (IVSC), or some other valuation standard or methodology.
Compliance with industry standards ensures that proven peer-reviewed valuation methods are used to develop defensible opinions of value or appraisals. However, the requirement for compliancy and level of formality depends on the appraisal's function and purpose. The level of scrutiny to be applied to the appraisal or valuation is also a determining factor.
BVS compliant appraisals are more detail-oriented and expensive than our non-BVS compliant appraisals due to the amount of time, labor, and resources required to produce such reports. Our non-BVS compliant appraisals or valuations are our least expensive solution. Nevertheless, all of our business appraisals or valuations adhere to accepted U.S. and international professional appraisal practices.
Through continuing education and professional development, we stay abreast of developing valuation issues and business appraisal industry best practices. Please visit the following websites for additional information:
1. USPAP: www.appraisalfoundation.org
2. IVSC: www.ivsc.org
Real Estate and Business Consulting Standards
Ileri Consulting offers professional commercial-investment real estate and business opportunities consulting and advisory services that are compliant with Private Consulting industry best practices, the National Association of REALTORS®' Code of Ethics and Standards of Professional Practice, and the Counselors of Real Estate's (formerly American Society of Real Estate Counselors) definition of real estate counseling.
The Counselors of Real Estate (CRE) is the counseling affiliate organization of the National Association of REALTORS® and a leader in the field of real estate counseling. Though not members of the CRE, we have increased our competency using the educational resources and programs developed by the CRE and its member practitioners.
In addition, we continue to improve our competency and skills through continuing industry education, business programs, and professional development. Please visit the following websites for additional information.
1. NAR: www.nar.realtor
2. CRE: www.cre.org