Frequently Asked Questions (FAQ)

WHY DO I NEED AN OUTSIDE CONSULTANT?

The main reasons to hire an outside consultant are the following:

• Expertise: The valuation professionals affiliated with Valcon Partners, Ltd. perform valuations and consulting on a full-time basis. Since many of these professionals have experience with major accounting firms and other consulting organizations, they provide more than simply a value conclusion. They understand how their value conclusion impacts your bottom line and can effectively communicate the results of the valuation to various end users.
  
  
• Lack of Time: You and the employees of your company are operating a business and the main goal of that business is to make a profit. Time spent performing tasks such as inventorying assets, reconciling asset registers, setting up asset tracking systems, analyzing data for tax appeals or insurance reporting and other tasks take away from time which can be spent conducting profit-making activities. Also, it has been our experience that projects such as those listed above which are performed by internal personnel are likely to be postponed or abandoned due to the day to day demands of operating a business. The consultants affiliated with Valcon Partners, Ltd. are dedicated to the project and will complete it in a significantly shorter time than if the same project were performed by internal personnel.
  
  
• Independence: Our independence allows us to provide services to a wide range of clients without those clients worrying about conflicts of interest or other independence issues. This is a significant issue, especially today, as many transactions and relationships are undergoing significant public, government, and industry scrutiny.
  
  
• Unbiased Opinion: Outside consultants such as those affiliated with Valcon Partners, Ltd. bring a fresh eye to internal projects and can provide a non-partisan analysis and solution to a problem.
  
  
• Credibility: The professionals affiliated with Valcon Partners, Ltd. are held to the highest professional and ethical standards due to their memberships in various professional associations such as the American Society of Appraisers and other professional associations. Also, all projects completed by Valcon Partners, Ltd. are completed in conformance with the Uniform Standards of Professional Appraisal Practice (“USPAP”) published by the Appraisal Standards Board and the Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers.