Do you know how much your business is worth?

If you own stock in a publicly traded company; you can find the value in the stock tables of any business newspaper. The value of a private business, however, is more complex. The information needed to determine an accurate value of a private business is not available from the financial statements alone. You will need a skilled business appraiser to value your business. When do you need a Business Valuation? An accurate assessment of the value of your business is important in any long-term business, succession planning or estate planning. If a firm has several owners, buy-sell agreements insure that if one owner dies, the remaining owners are able to purchase the deceased owner’s share. A business valuation is often required for an accurate buy-out value. If you intend to gift some percentage of ownership shares to your family during your lifetime in order to reduce your estate tax burden, you need to have an accurate assessment of the value of your business. Why should you get a Professional Business Appraiser? Your business can be worth more than the cash it generates today. The value of your business depends not only on your annual revenue, but also on your expected bottom line growth in the foreseeable future. In order to accurately forecast the expected market growth of your business, a business appraiser considers: depth of management, existence of intangible assets, historical financial information, tax returns, industry data, market data, economic data, competition, suppliers and other factors. The appraiser visits the facilities as well as interviewing management before reaching a conclusion of value. Call Mark Gold, CPA*, CBA, ABV or Brad McIver, CPA*, ABV *licensed in Florida at 561-994-5050 for a business valuation consultation.