Munroe, Park & Johnson, Inc.

MPJ Business Valuations, also known as Munroe, Park & Johnson, Inc., was founded in 1986 and is devoted exclusively to the appraisal of privately-held business interests and other financial securities. Our firm also provides litigation support and consulting services to business owners, attorneys and accountants. Our appraisers are accredited senior members of the American Society of Appraisers.


Why Choose MPJ?


The principals at MPJ Business Valuations have backgrounds in commercial banking, operations, mergers, acquisitions and corporate finance. Approximately 80% of the activities of MPJ Business Valuations are investment, tax and non-litigation related engagements. The principals of the firm have testified in trial for both plaintiffs and defendants. MPJ Business Valuations has provided services to most of the large national and regional law firms in San Antonio as well as numerous independent firms. Additionally, MPJ Business Valuations has been retained by the Internal Revenue Service, US Department of Justice, national and regional Banks, regional public accounting firms and privately-held businesses. References can be provided upon request.

MPJ Expertise Encompasses:

  • Gift and Estate Tax
  • Family Limited Partnerships
  • Mergers and Acquisitions
  • Litigation Support
  • Fair Value
  • Promissory Notes
  • Professional Practice Valuation
  • Breach of Contract
  • Sale of Business
  • Economic Loss
  • Business Interruption

Find Out More

If you would like information about MPJ Business Valuations and the services we offer, please complete our form or you may contact us by phone or email.

Recent Publications

How to Value Privately Held Promissory Notes

Promissory notes are commonly used for the transfer of wealth between family members or their legal entities, like trusts, limited partnerships and corporations. Sometimes, these notes are issued to make a loan to a son or daughter to buy real estate or to fund a...

Determining the FMV of Small Privately Held Promissory Notes

The appraisal of promissory notes is an area of business valuation that has not received much attention from academic journals.  Large privately held notes ($25M+) can be compared to corporate bonds but most notes are much too small and nonmarketable for this type of...

Quick Read – Objectively Supporting Discounts for Lack of Marketability

Business appraisers around the country have historically used comparisons to the averages found in restricted stock studies to determine a discount for lack of marketability in their valuations of a privately held, noncontrolling interest in a business. While the...

The Counselor – Proposed 2704 changes meet stiff resistance at IRS hearing

Among other final outcomes, there’s a very real chance increased tax costs will be instituted in 2017 for transferring interests in family-owned entities.

Upcoming Events

19th Annual Business Valuation Conference

October 31, 2019 – Plymouth, MN
Presenter: Bruce A. Johnson, ASA

Thursday, 10:55am – 12:10pm 
Best Practices When Valuing Complex Family Limited Partnerships 
Thursday, 1:00pm – 2:15pm 
Using Empirical Methods to Determine DLOMs 
Friday, 8:00am – 3:00 pm 
Deep Dive: Understanding and Applying the Market Approach

Corporate Office

18402 US Hwy 281 N.
Suite 252
San Antonio, TX 78259


Contact Infomation

Office 210.545.7332
Fax 210.545.7335