Business valuations are an important tool for owners of privately held companies. For example, if you are doing sophisticated tax planning, buying out a business partner or if an owner is going through a divorce, then a valuation may be highly prudent — if not legally required.
However, business owners should avoid rushing to get a valuation in circumstances where the need is not clear. Here are three common situations where getting a valuation may seem to make sense, but might actually be unnecessary or counterproductive.Situation One: You are getting ready to sell the company
A commonly held view among business
Can You Put an Accurate Value on Your Business?
Determining how much your company is worth is complicated and often unnecessary. But you can use these tools to get a rough estimate for peace of mind.
Jun 22, 2021
| by Patrick Ungashick |
