In business retirement, a business owner should consider a business succession plan sooner rather than later: the first reason is taxes, upon the owner's death, estate taxes may be due. The failure to properly plan can also lead to a loss of control over final disposition of the company.
Read MoreAt Summit Business Valuation Associates, LLC, three basic valuation methods are considered for the purpose of selling a company: the market-based, asset-based, and income-based approaches.
Read MoreWhat do I need to do to establish a value for the business? Business valuation can follow a large number of steps, depending on the complexity of the case and experience of the valuation professional.
At Summit Business Valuation Associates, LLC, five simple steps or tasks are followed.
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