Selling a business is not an easy thing to do, especially when it comes to determining its value. Unlike with a house or piece of commercial property, there isn’t really a standardized way to appraise businesses. Though you can put solid values on physical assets, it is much harder to value intangible assets such as patents. Still, when trying to sell your small business, it is important to find appropriate small business comps. Here are some tips for going about the valuation process.
When looking to value your business for a sale, there are two things you need to work out at the start: why you need the business valuation and assembling all the documents you will need for the valuation.
Determining why you need the valuation is usually pretty clear, (more…)
10 May 2016