Business Valuation Definition
A Business Valuation of your private business has the same objective as valuing real estate or stock. What is the value of the business in an unforced sale? Because your firm may be unique, private or public, there may be no comparables, no tables or guides one could use to value your business. However, as accredited business valuation appraisers, Fussell Valuation Associates use the industry standards and apply the latest laws to achieve your business valuation that is accepted and defendable should litigation arise. With a total of 70 years combined experience and continued education programs, Fussell Valuation Associates provides all the skill required to value your business in a business valuation report. BECAUSE OF THE RECENT CHANGES IN THE USPAP STANDARDS, unless your CPA is an accredited USPAP compliant APPRAISER your CPA cannot legally appraise and/or be a legal expert should litigation arise.
Valuation methods for business valuations typically use one of the three following appraisal approaches: the asset approach, the market approach, or the income approach.
The appraiser will reconcile the various values rendered from each appraisal method in order to determine the most accurate value for your company.
Once the business valuation has been completed, only an Accredited USPAP appraiser can certify the value for IRS purposes, litigation and banking use.
The frequently asked questions of:
- Should I buy software to get my business valuation? or
- Wouldn’t it be Ok if I just got the $299 business valuation Online?
Both of these questions can be answered easily. If you are going to use these boiler plate business valuations for your personal use, no one else will rely on this report, EVER, then they are OK to use. If there is any chance a second person will rely on the same report, then it is safe to assume 3 years from now litigation could happen. YOU SHOULD ONLY USE A CERTIFIED 2008-2009 USPAP Report prepared by an accredited appraiser that will also be available to testify as an expert appraisal witness in court for the defense of your business valuation.
Business valuations are typically needed for:
- To Buy or Sell a Business,
- Raising Capital,
- Loans,
- Partnership / LLC
- Shareholder Relationships / Disputes
- Insurance
- Decedent Estate,
- Estate and Succession Planning
- Divorce,
- Liquidation,
- Acquisition / Merger,
- Auction
If you have further business valuation questions, contact us, phone: 480 463 6579
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