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Business Valuation

The range of needs for valuing businesses continues to widen, and Mort & Bushman, CPAs can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.

“Roy Bushman did an excellent job as an expert witness for me in a stockholder dispute. He clearly explained to 9 jurors the concepts and complexities of valuing a closely held business in a way they could understand”  Scott Thomas, Attorney, Hemmer DeFrank PLLC 


Roy Bushman has been a business advisor in Greater Cincinnati since 1986. He is a CPA and a Certified Valuation Analyst and member of the National Association of Certified Valuation Analysts.


He has expertise preparing valuation reports and consulting re the value of closely held businesses for the following purposes:

  • Expert witness testimony/litigation support
  • Estate planning and taxation
  • Gift Taxes
  • Mergers and Acquisitions
  • Purchase price allocations
  • Sales and divestitures
  • Buy/sell agreements
  • Shareholder transactions and disputes
  • Fairness opinions
  • Capital infusions
  • Solvency opinions
  • Insolvency opinions
  • Collateral valuations
  • GAAP valuations under FAS 141 and/or FAS 142
  • Determination of net operating loss in bankruptcy
  • Determination of liquidation value in bankruptcy
  • S Corporation Elections -calculation of built-in gain per asset
  • Banks - loan applications
  • Eminent domain proceedings
  • Marital dissolution


Our analysis and report will be in compliance with the Statement on Standards For Valuation Services issued by the American Institute of Certified Public Accountants as well as Internal Revenue Service Revenue Ruling 59-60 and modifications thereto through the date of this report.


The term Fair Market Value, as used herein, is defined as the price, expressed in terms of cash equivalents, at which property would change hands between a hypothetical willing and able buyer and a hypothetical willing and able seller, acting at arm's length in an open and unrestricted market, when neither is under compulsion to buy or sell and when both have reasonable knowledge of the relevant facts.

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Rough Economy + Tax Change = A Wise Time To Transfer Wealth to Your Heirs by Roy Bushman