Business Valuation Resources
There are many reasons a business owner may want or need a business valuation, including negotiating a merger or business sale, estate
Reasons for a Business Valuation
Preparing for a Valuation
Business Succession Planning
How to value a business
Videos: What's my Business Worth?
Reasons for a Business Valuation
Most business owners are reactive when it comes to having their businesses valued. But there are many times it pays to be proactive. Some valuations are necessities, such as for determining the value of the business interest in an estate. Others are obtained for more elective reasons but nevertheless, they help business owners with planning strategies.
It is a good idea to review these common valuation scenarios, so you can identify when it is time to obtain your own valuation.
What Makes a Good Valuation Report
Most owners already have a predetermined number in their minds when the time comes to establish the value of a company. They often think the value should equal a multiple of earnings or annual sales. However, this method is rarely accurate and is unlikely to maintain merit if the company is sold or involved in litigation. A good business valuation is not only about determining an accurate and reasonable value but also about being able to defend it if needed with a clear and concise explanation supporting the conclusions.
COVID-19 has been a trying time for businesses and may be the right time to take advantage of business transition opportunities. With the current economic situation, gifting programs should be evaluated because of lower company values. Smith Schafer can assist with this evaluation by performing a business valuation. Review the options below.
Ways to prepare your business for a valuation
Ready to sell your business? Or planning to keep the business in the family by gifting ownership to a relative?
Whatever the reason may be – estate planning, mergers and acquisitions, litigation support, equity or debt financing, or marital dissolution – it is vital to engage experienced professionals and prepare for a business valuation.
We work with business owners to help determine their company’s values relative to their situation or business plan. We take a comprehensive view of all you have invested in your business and what you have created.
PREPARING FOR BUSINESS SUCCESSION AND MAXIMIZING VALUE
How much is your business worth and what are your plans for the long run?
These are questions every business owner will face at some point. Business owners invest many years of time, energy, and personal funds to build a business. Planning for your exit is often one of the hardest things a business owner must do. Contemplating the business you built or help to develop without you is complex, difficult, and emotionally challenging. When succession planning is executed properly, it allows for the orderly transition of management while protecting the exiting owner professionally, emotionally, and financially.
Company value is a question on many business owners’ minds. Whether you are considering selling a business or purchasing one, it is crucial to know what your company may be worth. Negotiating price is usually one of the main hurdles in a business purchase. In this article, we dive into the many factors that contribute to the overall value of a business.
What’s My Business Worth?
learn more about our Valuation services
Why Clients Choose Us
“We have worked with Smith Schafer for over 45 years. They have been great to work with, from wonderful administrative support, tax staff, and CPAs. They have supported us for years with our financials and mergers/acquisitions. Always there to help!”
- Washburn McReavy Funeral Chapels
“Our service is always exceptional and never have to second guess the answers.”
- EnergyPrint, Inc.
“Smith Schafer has provided second to none service and value to my business and personal accounts for over 30 years. Their expertise and knowledge are unmatched by any other accounting firm I have encountered over all these years.”
“The relationship we have built over the years with the staff at Smith Schafer & Associates is one that can never be replaced. They are quick with helping us figure anything out, always willing to pick up the phone and walk us through any problem we are having. Also they are just all so friendly and kind!”
“I have worked with Jason Boynton for several years. He has consistently provided exceptional service and advice always delivered in a timely, pleasant manner.”
“Smith Schafer always makes everything go smoothly. They were recommended to us by our community bank. We have been using their services for many years for our small business and personal taxes. We always feel well taken care of and that we are receiving the best advice, direction, information and tax preparation."
- The Dog Perk Corporation
“Smith Schafer always provides great information for our business. They are thorough with our accounting and financial planning. We have leaned heavily on them with an interpretation of the PPP Loan and COVID-19 planning. They have been instrumental in our success and are always very knowledgeable and quick to respond to any of our questions."
“Smith Schafer has provided second to none service and value to my business and personal accounts for over 30 years. Their expertise and knowledge are unmatched by any other accounting firm I have encountered over all these years."
“The relationship we have built over the years with the staff at Smith Schafer is one that can never be replaced. They are quick with helping us figure anything out, always willing to pick up the phone and walk us through any problem we are having. Also they are just all so friendly and kind!"
“We love our CPA team at Smith Schafer. They have helped us navigate many personal and business decisions."
“Smith Schafer is very dedicated to their clients and always has their best interests in mind. They are very knowledgeable and thinking ahead to what the clients may be needing in the future. We would highly recommend Smith Schafer to our family and friends."
"Always fast, great service and questions answered. Love the people I work with at Smith Schafer. We've been there so long, it's like working with family."
- MotoProz, Inc.
"Smith Schafer is always responsive and in the know about what is important for me and my business. The team is responsive and professional with all my interactions. Very customer-focused."
- Custom Communication
"The people at Smith Schafer always take great care of me. They are so knowledgeable and provide great advice and support."
- Sound and Media Solutions, Inc.
Our client satisfaction is exceptional, as demonstrated by our 96.4% satisfaction rate.