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You know how much your home is worth, right? Maybe even your car, too. But what is your business worth? If you don't know, you're setting yourself up for any number of problems that can be easily avoided with minimum investment.

 
You would never dream of selling your house or car without first getting an appraisal or consulting the Blue Book. So if you don't know what your business is worth, how will you know what to sell it for?

 

But selling your business for the wrong price isn't the only problem you can encounter if you don't know the value – the true value – of your business. You'll have to also look out for the following:

 

·         Improperly planning for retirement

·         Choosing the wrong exit plan

·         Paying too much in estate taxes

·         Not being properly insured to protect the value in the business

·         Suffering the consequences of an ineffective buy-sell agreement

 

You can't properly plan for your future or protect your interest if you don't know the true value of your business. Don't be like the thousands of business owners who don't know the true value of their business because they think that a valuation is too costly and time consuming.

 

Because, in reality, a valuation doesn't have to be expensive, and with our new unique offering, it isn't. A Snapshot Valuation gives you a cost-effective way to determine what your company is actually worth, and helps you strategically plan for your future based on facts rather than guesswork. And a Snapshot Valuation will help you make informed decisions about what is best for you and your company for thousands of dollars less than a full valuation.

 

Are you unsure if the valuation clause in your buy-sell agreement is effective? Do you want to minimize the impact of estate taxes? Would you like to know how much value from the business you can count on for retirement? Do you want your business to stay in the family? Do you want ideas on how to reward your management team with synthetic equity? Or would you like to know to know the best strategy to exit the business? If so, then you need a Snapshot Valuation.

 

For more information about this service, or to discuss whether this service would benefit you, please contact Tim McDaniel, CPA/ABV, ASA, CBA at tim.mcdaniel@reacpa.com or at 614-923-6532.


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