June 2020
It’s a common question among business owners: “Why should I go to the time and trouble of having a business valuation performed if I don’t currently seek to sell my business?”
Even if your intent right now is to maintain ownership and operation of the business, having an accurate gauge of your company’s value provides a wealth of valuable information that can enable you to make intelligent decisions about important issues. While certain events could necessitate that a valuation of your business be performed (for example, transfer of ownership via estate or gift, shareholder buyouts and disputes), business valuations serve an array of strategic planning purposes as well.
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