Posted by Early Growth
August 30, 2013 | 3-minute read (531 words)
Outsourced financial services firm adds valuation to suite of services to provide early-stage companies with a comprehensive integrated-service approach to finance.
San Francisco, CA
(PRWEB) August 29, 2013
Early Growth Financial Services (EGFS), a Silicon Valley-based accounting and finance support firm with 175+ active venture-backed companies, is now offering valuation services. They have added this service to their current offerings which include transactional accounting, financial strategy, CFO services, taxes, and general compliance. Their mission in expanding their service offerings is to provide an increasingly more comprehensive financial solution for early-stage companies.
Startups have a reporting obligation, per the IRS to provide a Fair Market Value analysis in conjunction with stock option grants. The safest and most effective way for companies to comply is to hire an outside firm like EGFS to prepare the valuation report. While many startups look at valuation as a mere commodity—a necessary obligation to be taken care of at the lowest possible price point—all valuation companies are not the same.
EGFS promises exhaustive, AICPA-compliant valuations that are guaranteed to satisfy an audit and withstand Big 4 and acquisition scrutiny. They also offer assurance that if your initial valuation is not right, they will work with you to get the best possible pricing. Included in their valuation services, EGFS offers 409a valuations for seed, Series A, Series B, and Series C. Their services also include handling other challenging owner equity issues such as stock option management and complex capitalization tables.
“Adding valuation to our existing service line is a natural extension of what we do,” said Glenn McCrae, Chief Strategy Officer for EGFS. “Our clients already trust us to manage all of their accounting, finance, and tax needs—from day-to-day transactional accounting to strategic CFO services. And from GAAP compliant financial statements to capitalization tables, we have proven experience preparing all the financials that are required for valuation. We see valuation as just one more service that we can take on to alleviate the administrative financial burden for our clients so that they can internally focus on their core business.”
“EGFS has the advantage of years of experience working with early-stage companies to manage their finances,” said David Ehrenberg, CEO of Early Growth Financial Services. “The more comprehensive our service offerings, the more we feel we can become a one-stop shop for all the financial needs for small businesses. To put it simple, we see valuation as another service that we can expertly take care of so that our clients don’t have to.”
Contact Early Growth Financial Services for more information about valuation services.
About EGFS
Early Growth Financial Services has extensive experience working with companies at all stages of development to provide services to keep internal resources focused on the business. EGFS offers a complete suite of services from high-level financial strategy to day-to-day finance, accounting and administration that can easily be outsourced without impacting business operations. Headquartered in the Bay Area, EGFS also has operations in LA, San Diego, Seattle and New York City. Customers include Formspring, Rocketspace, and OpenERP, as well as over 175 small and mid-size businesses around the United States. For more information, visit https://earlygrowthfinancialservices.com and follow @EarlyGrowthFS.