Most of the difference lies in the details of the financials. Many small businesses do not prepare monthly financial statements and may not even have professionally prepared tax returns.
Read MoreSome simple questions you can ask your client are in reference to profitability, is the company making money or profitable? Has the revenue stayed the same as the past couple years or is it significantly different, either up or down? Does the owner receive a salary from the company or possibly distributions? You can also ask whether the company is a start-up or if there are any trademarks, patents or proprietary systems.
Read MoreWhat is Fair Market Value? Fair market value as a term has many meanings. As a term in business valuation it has a specific meaning.
There are times when you may need a real estate appraisal expert in addition to a company valuation expert.
Read MoreHave you ever wondered what you could sell your company for today? Have you considered selling your business and doing something different or even retiring?
Read MoreThe income approach considers historical income, future revenues of a company, the earning potential and also capital requirements, or how much will be needed to invest in the building and equipment to support future revenue growth.
Read MoreThere are some common questions business owners ask about valuation discounts when getting an appraisal of their company. What is the discount for lack of marketability?
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