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Whether you are selling your business, raising capital or preparing your estate, an accurate business valuation is vital to taking the next step. Before the valuation begins, a business owner should understand the information which will be required. The process of determining the value of a business is no small task. Valuation is a balance of both art and science, and while the numbers will play the biggest role, presenting your company accurately and professionally will always be advantageous. Broken into 5 categories, here are twenty materials needed for a business appraisal the business owner will need to provide.
1. Description of Company
To begin with, the valuators will need to know what they are putting a value on. Describe your business, specifying clearly what is included and what is excluded in the valuation.
2. Tax & Financial Statements
Of course the major factor in the value of a company is the financial condition of the company. The business owner will need to carefully prepare these documents as they will be at the heart of valuation.
3. Market & Industry Analysis
No business is an island to itself. It is ultimately only part of the industry in which it participates. Explain your company’s positioning and share in the market, and factors related to the health and future prospects of the industry.
4. Personnel Information
A vital part of each business is the personnel. Subsequently, you’ll need to provide the following items.
5. Miscellaneous Documents
In addition to all the other documents you need, here are a few more you should gather.
While this is quite a stack of information, it is necessary to get the best and most accurate valuation for your company. The valuation expert will be intimately acquainting himself with every aspect of your company, and these documents will be immensely valuable to him. No matter the reason. If you are interested in an expert valuation, contact George & Company to learn about our valuation process and how we can help you. Our expert team would love to assist you through the process.