Other Services

Business Valuation

Most business owners use tax returns or financial statements prepared for tax purposes as the basis for the financial presentation of their business. While this may be good for tax purposes, tax returns and financial statements do not adequately reflect the years of hard work expended to accumulate a business's tangible and intangible assets. Goodwill, an intangible asset that builds up over the years as a direct result of serving customers as well as the surrounding community, is a very important component of the overall value of a business. Yet, it is not normally even a consideration for tax purposes, nor is it addressed in customary financial statements.

To determine the fair market value of a business, for the purpose of selling a business, Business Valuation Reports have consistently produced higher prices and contribute greatly to a smoother sales transaction and ownership transition.

Valuations are also useful for:

• obtaining business loans
• in estate planning
• transferring businesses into trusts
• divorce settlements
• insurance claims
• establishing an Employee Stock Ownership Plan (ESOP)

Business Diagnostics