What Is a 409A Valuation?

A 409A valuation is an IRS-compliant appraisal that determines the fair market value (FMV) of private company common stock—typically used to price employee stock options.

If you’re issuing options or equity to employees or advisors, you’re required to have a 409A valuation to avoid penalties.

Why It Matters

• Required for IRS compliance (Internal Revenue Code Section 409A)

• Protects your team from underpriced options and tax penalties

• Required before granting equity or raising new funding

• Critical during audits, acquisitions, and due diligence

Why Choose Wyckoff Valuation?

With over 30 years of experience preparing valuations for startups and private companies, Wyckoff Valuation delivers defensible, audit-ready 409A reports that hold up to scrutiny.

We’ve worked with companies ranging from early-stage startups to complex multi-entity structures—and we’ve collaborated with Big 4 audit teams, venture capital firms, and legal counsel.

What You Get:

• IRS-compliant 409A valuation report

• Summary and full narrative report (PDF)

• Detailed cap table analysis and waterfall modeling

• Valuation methods: OPM, PWERM, backsolve

• Fixed-fee pricing (no surprise costs)

• Turnaround in 10–20 business days

Fixed Fees, No Surprises

We offer flat-rate pricing based on your company stage and complexity—so you’ll know exactly what you’ll pay before we start.

Early-stage startup (pre-revenue): $500 - $1,500

Post-revenue or funded: $500 - $2,000

What We Need to Get Started:

• Cap table export with shares issued and outstanding, conversion prices, option table, etc.

• Operating/Shareholder agreement, articles of incorporation, and recent financing documents.

• Recent financials (historical 3-5 years actual)

• Projections (if available)

• Company overview / pitch deck

Ready to Get Started?

Let’s make your next 409A valuation fast, affordable, and audit-ready.

Request Free Quote Today