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Buyers of businesses need to understand: "How the Business
was Priced."
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Sellers of the business need to obtain the "The Selling
Price."
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Gifting a business to a family member: the accountant and/or
tax attorney need a base for the tax structure.
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Lenders of money for businesses want to verify that the
purchase price is what it should be. They will request an
evaluation of the business from a certified source.
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Divorce attorneys need the value of the business to
effectively represent you in determining the division of the
family assets. The family business is a substantial and
important asset and has Value.
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Partnership disputes: "How much should I pay to my Partner
to get him/her out of the business?"
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Estate Planning: when creating a will, the business
evaluation sets the value as of the date and time the will was
executed. An update of the evaluation usually is requested at
the time the will is probated.
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Many widows are in need of evaluations for settling the
estate of their spouses.