By Brian E. Ravencraft, CPA, CGMA, Partner at Holbrook & Manter, CPAs
Possibly selling your business is not the only reason to have a business valuation performed. There are several scenarios that call for a thorough review of your business’ worth. I have been performing this service for clients for many years, for many different reasons. Yes, if you are preparing to sell your business, a valuation will provide you with the numbers you need to a secure a deal that benefits both you and the new owner. But that is just one reason.
You will need to know the fair-market value of your operation in the event that you consider merging with another entity. Or you will need to be armed with the right numbers if you plan to add a new owner to the business so you can set the buy-in amount for him/her. The same goes for owners and other shareholders that will be exiting the business.… Continue readingRead More »