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Businesses may be valued for various purposes, including mergers and acquisitions (M&A), matrimonial dissolution, estate and gift, shareholder disputes, economic damages, and other purposes. In addition to valuing entire businesses, we also commonly value stock options, restricted stock units, debt, and various other types of financial securities. 


We have valued hundreds of businesses ranging from local main street businesses to multi-billion dollar global organizations.

We also assist with business value development.



Document Request(s)

We issue an initial document request asking for the basic financial, legal, and business documents.  These requests may be in the form of a formal subpoena or discovery request through counsel if for litigation purposes, or an informal request if for M&A purposes.  


The tax returns, financial statements, ownership agreements, and all other documents are analyzed in detail to assess the status of the business and further document needs. Possible normalization adjustments to historical revenue and expenses will be identified. 

Interview & Site Visit

The owner and possibly the key management will be interviewed to assess historical performance and expected future results. 

Valuation Calculations

Upon considering all valuation methodologies available, the most appropriate methods will be undertaken, in combination with assessment of non-operating assets and liabilities and valuation discounts, if applicable.

Issuance of Calculations / Report

The valuation calculations are summarized in either a short preliminary report for settlement purposes if in litigation or M&A purposes, or a formal long-form report for submission to the court at trial.  Draft reports are typically issued prior to the finalization of the report. 

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""In valuing petitioner's shares in [the Company], the Court begins with the analysis supplied by DeMarco, which the Court finds persuasive, credible and well-supported..."

New York State Supreme Court Decision

Business Valuation


There are three primary approaches to value a business, and multiple valuation methodologies under each approach.  The ultimate conclusion of value will be based upon the most relevant fact-specific methodologies.  

​Income Approach

The income approach focuses on valuing the future income of a company. The typical methodologies include the Single Period Capitalization Method and Discounted Cash Flow Method.  

​​Market Approach

Sales of business interests are analyzed in the market approach, valuation multiples are derived and then applied to the company being valued.  Comparable businesses interests are found through queries of transaction databases, publicly traded companies, or other means. 


​Asset Approach

The asset approach primarily focuses on valuing the tangible assets and liabilities of the company.  It typically does not include a value for intangible assets, such as institutional goodwill, patents, trademarks, etc.





Hedge Fund Interests

Private Equity Fund Interests

Venture Capital Firms



Technology Firms

Early-Stage Businesses

Service-Bases Businesses



Real Estate Management and Holding Companies

Entertainment / TV / Movie Production


Fast Food / Fast Casual


Law Firms


Leisure / Travel

Gambling & Entertainment

Hotels / Motels

Construction / Building

Financial Services

Wholesale Businesses

Information Technology



Computer Programming / Software Development

Transportation Companies

Many more companies - please inquire as to relevant experience


For questions or complimentary
phone consultations 
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