Member Details

Mr. Pasquale Rafanelli

Mr. Pasquale Rafanelli, ASA

ASA

Business Valuation

Empire Valuation Consultants

800 Veterans Hwy Ste 302
Hauppauge, NY 11788-2932

631 719-3222 prafanelli@empireval.com

Pasquale Rafanelli, CPA/ABV, ASA, CVA/CBA/MAFF, CFE, CDFA®, is a Senior Manager at Empire Valuation Consultants.  Pasquale brings more than 13 years of experience providing business valuation, forensic accounting and advisory services to closely held companies, attorneys, accountants and financial professionals.  He has performed valuations and forensic examinations of various classes of equity, general and limited partnership interests, carried interest, limited liability company membership interests, C-Corporations, S Corporations, stock options and warrants.  These valuations and forensic examinations have been for purposes included gift and estate planning, employee stock ownership plan administration, other corporate planning and reporting, buy/sell, merger and acquisitions, family law matters, business damages, lost profits, corporate litigation, and shareholder disputes.  Pasquale received his BS degree in Accounting with a minor in criminal justice and his MS with a concentration in information systems from LIU – C.W. Post University. 

Professional Designations
 
CPA – Certified Public Accountant 
ABV – Accredited in Business Valuation
ASA – Accredited Senior Appraiser
CFE – Certified Fraud Examiner
MAFF – Master Analyst in Financial Forensics
CBA – Certified Business Appraiser
CVA – Certified Valuation Analyst
CDFA® – Certified Divorce Financial Analyst
Qualified to serve as Accountant to Receiver pursuant to NYS Part 36
Trained and qualified to serve in Collaborative Matters
Trained in mediation to act as a Mediator
 

Professional Associations
AICPA – American Institute of Certified Public Accountants   
NYSSCPA – New York State Society of Certified Public Accountants   
ASA – American Society of Appraisers
ACFE – Association of Certified Fraud Examiners
NACVA – National Association of Certified Valuators and Analysts
IDFA - Institute for Divorce Financial Analysts
NYACP – New York Association of Collaborative Professionals

Education
Bachelor of Science, Accounting, minor in Criminal Justice Long Island University, C.W. Post, 2006

Master of Science, Accounting, concentration in Information Systems Long Island University, C.W. Post, 2007

Trial Testimony
New York State Supreme Court – Suffolk County

Employment Background
Empire Valuation Consultants, LLC, New York  - 2019  to Present- Senior Manager – Forensic, Litigation and Valuation Services
Baruch College - 2016 – Present, Adjunct Professor
Pace University - 2018 – Present, Adjunct Professor
Grassi & Co., CPAs, P.C.  – 
2018 – 2019, Senior Manager – Forensic, Litigation and Valuation Services
2014 – 2018, Manager - Forensic, Litigation and Valuation Services
Berdon, LLP - 2014-2014, Supervisor - Forensic, Litigation and Valuation Services
Gettry Marcus, CPA, P.C. - 2010-2013, Senior Staff - Forensic, Litigation and Valuation Services

Baker Tilly Virchow Krause, LLP (formerly known as Holtz Rubenstein Reminick, LLP) 2007-2010, Senior Staff – Litigation and Valuation Services Group

Professional Activities
National Association of Divorce Professionals
Founding member of Suffolk chapter, 2018 – present
Director of Suffolk chapter, 2019 - present

National Association of Certified Valuators and Analysts
Ethics Oversight Board, 2017 – 2018
CVA Exam & Grading Committee, 2015 - 2018

American Institute of Certified Public Accountants
ABV Exam Task Force, 2018 - present
ABV Awareness Task Force, 2020 - present
Mentorship Task Force, 2018 - 2020


New York State Society of Certified Public Accountants
New York Chapter 
Business Valuation Committee, 2015 - present

Suffolk County Chapter 
Co-Chairman Forensic and Valuation Services Committee, 2015 - present
Board Member, 2011 – 2013
Chairman of the Cooperation with Attorney’s Committee, 2012 - 2013
Co-Chairman Young CPA Committee, 2010 – 2012

Nassau County Chapter 
Chairman Forensic and Valuation Services Committee, 2015 – present
Board Member, 2016 – 2017

Awards
Long Island Business News
Named best 40 under 40, 2016

Articles
Discounts on Family Limited Partnerships - The IRS is Challenging the Appropriateness of Discounts when Preparing a Valuation, NACVA Quick Reads, December 23, 2015
Case Study (Part I): Applying and Assessing The Capitalization Rate, The Value Examiner, March/April 2016
Case Study (Part II): Applying and Assessing The Capitalization Rate, The Value Examiner, May/June 2016
Five Action Steps to Verify the Financials of a Cash Business, Business Valuation Update, Vol. 23, No.4, April 2017
Long Island Business News - The Big Boom, quoted in April 2018 article
Long Island Business News - Up and Away, quoted in April 2018 article

Speaking Engagements
The Mystery that is Valuation: Intellectual Property – CLE conference, Memphis Tennessee, November 4, 2015
Valuation Case Study – AICPA Conference, November 8, 2015
The Mystery that is Valuation: Mergers and Acquisitions – Nassau County Bar Association, March 31, 2016
Discounts on Family Limited Partnership–The IRS is Challenging the Appropriateness of Discounts when Preparing a Valuation, Webinar with NACVA, June 28, 2016
Valuation Case Study – Market Approach – Guideline Public Company Method – AICPA 
Conference, November 6, 2016 – November 8, 2016
General Valuation Track – DLOMs: A Comparison of Methods for Quantification - AICPA 
Conference, November 6, 2016 – November 8, 2016
Valuation Case Study – Case Study Wrap-up– AICPA Conference, 
November 6, 2016 – November 8, 2016
Demystifying a Valuation Report – Getting Behind the Numbers, CLE, April 11, 2017
Courtroom Confidential: Solutions to Real World Valuation Problems, BVR Webinar May 10, 2017
Valuing Small Business: Part I: An In-depth Analysis, BVR Webinar, November 28, 2017
Valuing Small Business: Part II: A Valuation Case Study, BVR Webinar, February 22, 2018
Discount for Lack of Marketability, NYSSCPA, New York City Chapter, February 22, 2018
Business Valuation in the Context of Insolvency, NYS Bar Association, May 24, 2018
Business Valuation in the Context of Insolvency, Nassau County Bar Association, October 25, 2018
Clawbacks and Creditors: The Valuators Role in Bankruptcy, BVR Webinar, May 30, 2019
Demystifying the Complex World of Discounts for Lack of Marketability, BVR Webinar, October 24, 2019


Appraisals Over Internet

Does not accept Fee Assignments

Experience as Expert Witness

Experience with IRS Appraisals

Appraisals for personal relationship dissolution

Currently holds

Designation(s)Discipline Specialty
Business ValuationBusiness Valuation

Works in Industries

Industry
Aerospace
Agriculture
Auto/Truck Dealerships
Automotive
Beer/Wine/Liquor
Biotechnology
Broadcasting
Business Services
Cable and Television
Chemical
Communication Equipment
Computer Companies/Peripherals
Construction
Consulting
Energy
Engineering
Entertainment
Extractive Industries
Fast Food
Financial Institutions
Financial Services
Fish and Fishing
Food - Processing and Bottling
Gas Stations
Government Contractors
Groceries
Healthcare
High - Tech
Hospitality
Hospitals

Purpose of Appraisals

Purpose of Appraisal
Cheap Stock Valuations
Commercial Damages
Corporate Dissolutions/Shareholder Rights
Corporate Finance Consulting
ESOPS
Fairness Opinions
Family Limited Partnerships
Franchises
Intellectual Property
International Valuations
ISO Valuations
Mergers and Acquisitions
Pass Through Entities/Partnerships
Professional Practices
Purchase Price Allocations
Start-ups
Tax Valuations
Transfer Taxes