Notice to All Our Clients from the LWH CPAs team

We ask that if you are experiencing any COVID-19 symptoms to please refrain from entering our buildings, and to call to reschedule an appointment at a later time.

Larsson, Woodyard & Henson, LLP

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Paris, IL: 800-777-1985
Casey, IL: 866-895-2153
Terre Haute, IN: 866-883-2043
Tuscola, IL: 877-253-5146

Business Valuations

ImageFair market value is commonly used to determine how much a business or one of its components is worth for sales transactions, buy/sell agreements, estate and gift taxes, mergers and acquisitions, divorce settlements, and charitable contributions, just to name a few.

Fair market value is the cash or its equivalent at which the property would change hands between a willing buyer and a willing seller when the former is not under any compulsion to buy and the latter is not under any compulsion to sell, both parties having reasonable knowledge of relevant facts.

Such a simple definition and concept.

The problem with business valuations, though, is that an exact method for determining fair market value does not exist. It has been described as an art - not a science. That is because each valuation is based on the preparer's interpretation of financial data, combined with the preparer's choice of valuation methods, discounts, and premiums. Because a significant amount of judgment is required, the expertise of the professional you choose to value your business becomes very important.

No matter how competently prepared, valuation results will almost always be questioned -- by the Internal Revenue Service, the buyer, or a party to a lawsuit. So you need a CPA who can both prepare the valuation and defend it effectively.

Larsson, Woodyard & Henson has assisted numerous clients not only in the preparation of valuations for closely held businesses and retirement plans but in litigation support.

To learn more about valuations, contact one of our partners. your social media marketing partner
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Our Locations


Paris, Illinois

Phone: (217) 465-6494, Mail:

Casey, Illinois

Phone: (217) 932-5241, Mail:

Terre Haute, Indiana

Phone: (812) 242-2043, Mail:

Tuscola, Illinois

Phone: (217) 253-5146, Mail: