A Letter From the President

At Friedman Associates, Ltd. it’s personal. Just like it is for you.

I remember being in the boardroom of Chrysler pitching them on work that should be done — twenty executives with forty blank, staring eyes. They weren’t owners. They didn’t particularly care one way or the other. They weren’t in it for the long haul. You are.

Since founding Friedman Associates, Ltd. in 1990 our sole mission has been to serve the closely-held business community and individuals. Our focus is on a strong understanding of how businesses are valued and our ability to communicate that knowledge in a well-documented analysis. We approach our valuations with rigorous analysis with the application of established approaches and methodology to provide opinions that will withstand scrutiny from the Internal Revenue Service and the Courts.

Our goal is to help you sleep well at night.

While we do not consider Judges or IRS Agents to be the final word in valuation, they are the final arbiters. We keep abreast of all significant rulings and pronouncements that may affect value. We also recognize the differences between “Economic Reality” and “IRS Reality”. In valuing entities, Economic Reality rules. Our goal is to determine the “economic” fair market value of companies, partnerships, LLCs, etc., that is, the value at which a typical buyer would buy and a typical seller would sell.

Much of our work, however, involves doing battle with the IRS and the “IRS Reality” cannot be ignored when valuing minority interests. As such, we are well aware of the bounds that will avoid arousing IRS review and/or audit.”

When I worked for others the client never knew what the final bill would be. I don’t like being nickled & dimed and I’m sure you don’t like it any better. Our clients pay a flat fee for the valuation analysis and report. Simple.

I also don’t charge for talking on the telephone. I like to talk. I don’t have to make money every time the phone rings. Give me a call at 847-475-2272 and we’ll see if I can help.

Sincerely,

Steven R. Friedman