Business Valuations: What Are They and Why Are They Important?

A business valuation is a formal statement of the full value of a business. It can take into account aspects such as: The company’s potential for revenue generation now and in the future. The company’s tangible assets, including property, equipment, and so on. The company’s intellectual property and other potential for development. The company’s liabilities,…

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Valuation Often Affects Succession Plans in Hard-to-see Ways

Any business owner developing a succession plan should rightfully assume that regular business valuations are a must. When envisioning the valuation process, you’re likely to focus on its end result: a reasonable, defensible value estimate of your business as of a certain date. But lurking beneath this number is a variety of often hard-to-see issues.…

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