Many professionals in the housing market claim that your most valuable asset is your house; however, this is not true for most business owners. The most valuable asset that most business owners possess is their business.
Business brokers often value businesses by using an arbitrary quick rule of thumb. This is highly inaccurate and does not take into account all of the factors that must be considered when valuing a business.
Mike has fifteen years experience working in various industries as a maintenance professional, an equipment operator, and as a Maintenance Manager. Mike will take the time needed to analyze your business and will produce a formal, written business valuation that provides an impartial opinion as to the value of your business.
We live in a litigious society and many business valuation assignments end up in court. It is highly prudent for a business owner to obtain an independent 3rd party appraisal.
There are many reasons to obtain a business valuation and some of the more common include:
- Buy/Sell Agreements.
- Estate Planning. Did you know that estate taxes can be as high as 55%? There are many ways that you can minimize your estate taxes; however, if a business is part of your estate you will need a business valuation to determine how much your business is worth. I can help you minimize the taxes you and your heirs owe Uncle Sam.
- Divorce proceedings.
- Valuing a closely held business when a member enters the business or leaves the business.
I can perform business valuations all over the United States and internationally. Please contact Mike at 260-407-5000 and let’s discuss whether you need a business valuation! The initial consultation is free of charge!