Business Valuations
Business Valuations
Determine your Business’s Value
Knowing the true value of your business is critical to proper business planning and achieving personal goals. Through our valuation process, we can help answer the questions that will lead you to make informed decisions for your future. During our initial call, we’ll go over the reasons you’re interested in evaluating your business, the goals you have for your business and where you currently stand financially. After we gain a complete understanding of the objectives and purpose of the business valuation engagement. We will provide an oral fee estimate for our valuation services at this time.
What We Do
WS assists business owners and professional advisors such as CPAs, attorneys, and financial planning consultants in value determination for the following areas:
- Sales, mergers, and acquisitions
- Estate and gift valuations
- Divorce
- Succession planning
- Buy-sell agreements
- Shareholder/Partner disputes
- Economic damages
A few Key reasons
Why should you have a business valuation?
- To better understand your business and its potential
- When you plan to sell your business
- To know the value of your largest asset in order to properly plan your retirement
- During Buy/Sell Agreements with business partners
- In order to ensure that your business and your family are properly protected
- When considering funding opportunities
- To plan for the future of your business with a qualified succession plan
- When you plan to buy a business
- To prepare for taxable events such as gifting or grants
How do I Prepare for a Business Valuation?
To prepare for your first consultation with us and give us the opportunity to provide a more accurate appraisal, you’ll need to gather all of the necessary documentation and information that we’ll need to determine the value of your business. Those documents are the business financial statements, operational procedures, marketing and business plans, customer and vendor information, and staff records are the most vital to have at hand. Well-documented financial statements and tax returns are essential to demonstrate the business’s earning power. The two main financial statements you need are the income statement and the balance sheet. To do a proper job of valuing your small business, you should have three-to-five years of historic income statements and balance sheets available. It’s not only a good idea to have your business documents organized and up to date… it’s imperative when trying to accurately access your financial situation.