810 Quincy Street | Rapid City, SD 57701
(605) 342-5630
(605) 342-2172

Business Valuation & Projections

Determining Value & Making Projections

We offer a variety of services for business owners, legal professionals, and/or divorcing individuals. These services typically revolve around the buying/selling of a business or business interest, gift and estate tax planning, marital dissolution, business litigation, arbitration proceedings, and shareholder disputes.

Ketel Thorstenson, LLP (KTLLP) provides business valuation and projection services to businesses, professionals, and individuals in the Rapid City, South Dakota area and surrounding communities. Read on to find out more about our services, and then contact our team to schedule a consultation.


A business valuation report estimates the economic value of an owner’s interest in a business. In general, this estimate determines the price potential buyers/sellers are willing to pay/receive in the sale of the business in question.

What Can Business Valuation & Projection Do For You?

There are many different ways in which valuations and projections become both useful and neccessary. For example, they can serve in proceedings involving a company’s value, including pre-trial negotiations, marital dissolutions, discount opinions, shareholder disputes, and contract negotiations. When it comes to buying and selling, your CPA can estimate ownership values, evaluate candidate companies and offers, assess tax consequences, develop asking prices and negotiation tactics, prepare sales packages and other information for buyers, and determine the fair market value of intangibles (goodwill, patents, trademarks, etc.). In essence, business valuations and projections ensure that buy/sell arrangements and legal proceedings are financially fair and just.


Our services in this area can come in many different forms, all tailored to fit your specific needs. In addition to valuation, KTLLP consultants are experienced in writing and reviewing business plans and developing financial projections. Our firm’s professionals can also assist in assessing financing alternatives, determining replacement values, and establishing going-concern.

At KTLLP, we can help you with:

  • Business Valuation
  • Economic Damage or Lost Profits Calculation
  • Discount Opinion
  • Transaction Consulting
  • Litigation & Arbitration
  • Mergers & Acquisitions
  • Business Planning
  • Financial Projections
  • Financing

Our valuation team has over 35 years of combined business valuation and projection experience; a tenure that has earned them valuation designations through the National Association of Certified Valuation Analysts and the American Institute of CPAs.

Contact us about our Business Valuation & Projection Services

For more information on business valuation and projection services, please contact:

Paul Thorstenson
CPA, ABV, CVA, Partner
(605) 716-8994
Ericka Heiser
MBA, CVA, Senior Manager
(605) 716-8997