Business Valuation for Succession Plans

Whether your business is a family tradition or an endeavor of partners, you likely want it protected and profitable for generations to come. With that end in mind, a sound business succession plan is a must for businesses in any stage of development. A professional business valuation is at the foundation of a solid succession plan.

Performing a business valuation as part of succession plan does many things. First, it establishes the current valuation for the business so determinations can be made with regard to the potential sale of the company, ESOP plan formation, ownership transition, financing arrangements, estate planning, and estate and gift tax planning. Next, the current value can be compared with possible future values to determine the type and timing of transactions that might take place. Finally, the valuation may be used to drive strategic planning for the company as it includes not only quantitative financial analysis, but also qualitative measures of the company and management, industry, competition, operating conditions and prospects for the future.

We use our Healthy Growth Checklist_^TM, to review the need for these services with our clients. We want to help you too. Contact us to schedule your own no-cost, no-obligation Healthy Growth Checklist review.

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