Timing Counts When Valuing a Business

Timing Counts When Valuing a Business

In today’s uncertain markets, the value of a business may change significantly over time. So it’s important to choose the valuation date carefully. Often, the date is prescribed by law or a judge. But sometimes attorneys or others, such as the executor in...
More to Business Valuations Than Meets the Eye

More to Business Valuations Than Meets the Eye

Most business owners and attorneys know the basics of the business valuation process. For example, you might know that there are three approaches to value: the cost, market, and income approaches. You might even know some of the methods that fall under these...
Personal vs. Business Goodwill

Personal vs. Business Goodwill

You cannot physically touch goodwill, but it is a significantly valuable asset for many businesses. Although it is most commonly associated with professional service firms, goodwill can also exist among manufacturers, retailers, contractors, and other types of...
When Subsequent Events Count

When Subsequent Events Count

The value of a business interest is valid as of a specific date. The effective date is a critical cutoff point because events that occur after that date generally are not considered when estimating value. However, there are two key exceptions. 1. When an Event Is...