ComStock Valuation Advisors provides its clients with a Document Checklist to aid in the valuation process. By providing us with the necessary documentation, this not only expedites the valuation process, but gives us the additional material to more accurately assess your valuation needs.



Financial Statements
1.Annual financial statements for the last five years.
2.Interim financial statements for the most recent 12 months and the preceding 12 month period.
3.Federal income tax returns (and state returns, if applicable) for the last five years.
4.Copies of any forecasts or projections.
5.List of subsidiaries or other businesses in which the subject company has an ownership interest, together with their financial statements.
 
Other Financial Data
6.List of cash accounts and any significant cash investments.
7.Aged accounts receivable listing.
8.List of items comprising inventory (quantity description and cost) and information on inventory accounting policies.
9.Fixed asset register or depreciation schedule.
10.List of items comprising significant other asset balances.
11.Accounts payable listing, preferably aged.
12.Analyses of significant accrued liabilities.
13.List of notes payable and other interest-bearing debt.
14.List of items comprising significant other liability balances.
15.Schedule of sales by product for each period that an income statement is obtained.
16.List of accounts comprising significant major expense captions on the income statement, unless that data is presented on the income statement.
17.Copies of sales, capital, or operating budgets.
18.Copies of any business plans.
19.Schedule of officers’ and directors’ compensation.
20.Schedule of key person life insurance.
21.Reports of other professionals:
a.Appraisals on specific assets.
b.Reports of other consultants.
 
Other Operating Data
22.Brochures, price lists, catalogs, or other product information.
23.List of stockholders or partners, showing the amount of stock or percentage owned by each person.
24.Organization chart.
25.List of five largest customers and suppliers and the total amount of sales and purchases, respectively, for each during the last year.
25.Details of transactions with related parties.
 
Legal Documents
27.Copies of significant leases and loans, including notes receivable and note payable.
28.Copies of stockholder or partnership agreements, including any stock option agreements.
29.Minutes of board of directors meetings.
30.Copies of any buy-sell agreements and/or written offers to purchase or sell company stock.
31.Copies of key managers’ employment contracts.
32.Copies of any major sale or purchase contracts.
33.Details of any litigation, including pending or threatened lawsuits.
34.Details of any employee benefit plans, including pension plans, profit-sharing plans, and employee stock option plans.
35.Collective bargaining agreement.
36.Reports of examination issued by government agencies such as EPA, OSHA, IRS, or EEOC.
37.Attorney’s letter to accountants regarding year end financial statements.
 
Other Company Data
38.Details of transactions in the company’s stock during the last five years.
39.List of any of the following:
a.Patents.
b.Copyrights.
c.Trademarks.
d.Similar intangibles.
40.Details of any contingent liabilities (such as guarantees or warranties) or off balance sheet financing (such as letters of credit).
41.Resumes or a summary of the background and experience of all key personnel.
42.Copies of any other value indicators, such as property tax appraisals.