As a small business owner, it’s likely that you’ll need an appraisal at some point in the life of your business, whether you’re selling it, trying to get a loan, or unloading used equipment. When you hire an appraiser, it is helpful to provide him or her with a complete list of the machinery and […]
Not two careers you normally associate with one another, are they? But there is one common thread between CMEAs and undertakers. What could it be? Read on … There’s a very old saying that goes along the lines of “Even in the hardest of times, the undertaker never goes hungry.” In other words, the undertaker’s […]
If a co-owner of a business wants to sell or retire, or if the other partners want someone out, they will have to draw up a buyout agreement, or buy/sell agreement. This agreement details the way a business will buy the co-owner’s shares and is intended to protect all parties involved in the buyout. Don’t […]
Just a quick scan through the CMEA Search page on the NEBBI site makes one fact abundantly clear: the machinery and equipment appraisal landscape is a male-dominated one. Maybe there’s an overarching reason for that and maybe there isn’t, but either way, that’s how it is. Of course, the days of thinking that women are […]
Cost segregation is a technique used to depreciate assets. It divides real estate into different categories — personal property, such as machinery or equipment, land improvements, buildings on the land, and the land itself. Then, personal property and land improvements are depreciated quickly. This reduces the building owner’s tax obligations. If your business is considering […]
So the “E” in CMEA stands for equipment. Does that mean if you’re seeking CMEA certification, you need to know everything there is to know about equipment works? As it turns out, no. The primary focus of a CMEA is the appraisal. So regardless of whether a CMEA is appraising medical equipment, construction equipment, a […]
Divorce is never easy. It’s emotionally and financially draining, and it can affect your life for years after the fact. Certain factors can make a divorce even more complicated — children, property, possessions, and especially a business partnership. While cash, securities, and homes have values that are relatively easy to identify, a divorcing couple that […]
Okay – January is almost over. But the good news is that all of your resolutions you make by the end of this week still count! Or at least, that’s what we’re going with. The days back at work after the holidays can be busy ones, and business owners are often too busy playing catch-up […]
The reason for hiring a CMEA for your machinery and equipment appraisals is abundantly clear — a CMEA is a certified USPAP-compliant expert whose report will stand up to any scrutiny. But let’s think about this for a minute. A doctor is a certified expert who is bound by the same Hippocratic oath as every […]
We often talk here about businesses closing due to lack of business. But what happens when a successful business has to close because of the death of the owner? In these cases, a lot of factors come into play, like differing opinions about what to do with the company’s assets. When multiple family members are […]
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