Business Valuation

10 Reasons For Business Valuation.

Business Valuation
Business Valuation

If you own a business, it is very likely your largest asset. For most owners, the business represents 60-80% of their net worth and 75% of business owners don’t know what the market value of their biggest asset is. A current and accurate business valuation is critical to the on-going success of your business and the well-being and financial security of your family. The following are ten reasons you need to know what your business is worth.

  1. To better understand your business and its potential.
  2. Get it ready to sell.
  3. Its your biggest asset. How can you plan for retirement if you don’t know what its worth?
  4. To facilitate Buy/Sell Agreements with business partners.
  5. In order to ensure that your business, your family, and employees are protected in the event of your death or disability.
  6. When considering funding opportunities.
  7. To plan for the future of your business with a qualified succession plan.
  8. When building a trust or creating an estate plan.
  9. If you plan to buy another business.
  10. To prepare for taxable events such as gifting or grants.

Knowing the true value of your business is critical to proper business planning and achieving personal goals.

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