- How Getting Your Business Valued Shapes its Future (2/20/24)
- Common Challenges to Selling a Business: Business Owner Insights (1/25/24)
- Considering Selling Your Business in 2024? (12/13/23)
- 12 Ideas to Attract and Keep Employees (11/13/23)
- Hope is Not a Strategy…and Private Equity Isn’t Your Escape Route (10/11/23)
- How to Successfully Sell Your Business to an Employee (9/25/23)
- How We Help (8/15/23)
It's Valuation Time!
Seriously. If your business operates on a calendar year then you’ve just filed or are close to filing your taxes – and your financial numbers are fresh. Those numbers are part of what we use to calculate a Broker Opinion of Value (BOV).
In order to determine a Broker Opinion of Value we need your 2014, 2015, and 2016 tax returns. That’s right. You don’t get to pick that one great year you had a while back. It’s three years in a row that indicate a trend and this allows us to assess how your business is performing. Keep in mind that all three years are not weighted evenly – 2016 is the most important year because it is the most recent. We also need to have a good understanding of how your financials are structured, how your business works, and if there are any extraordinary expenses where we need to make adjustments to reflect what the business is actually producing. Sounds pretty painless, right?
People have a BOV done for a variety of reasons. Sometimes it’s because they are considering a possible sale. Others have their business valued every few years to see how their financial performance translates into value. Of course, we also offer a full menu of valuation services that are appropriate for SBA loans, divorces, C-to-S conversions, partial buyouts, and more.
True. You can have us perform a valuation at any time of year; but the perfect time is right after your accountant hands you your tax return.
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