Hartford Business Brokers® performs business valuations sometimes called “business appraisals” to determine what a business is worth in conjunction with partnership buy-outs, trusts. estates, and for financial planning purposes. Also if you are considering changing the form of business from an LLC to an S Corp (or vice versa), or if you just want to know what your business is worth. Perhaps you are buying a business from a friend or relative and want verification that your purchase offer is fair.
If your a business owner looking out 4-8 years when you plan to sell - consider having a business valuation performed now. We will tell you what your business is worth today - and make recommendations on how to grow sales and profits - thereby raising your sale price - increasing your shareholder value.
Have an existing business with multiple partners and one or two want to leave the business and be bought out? Contact HBB for a business valuation to determine what those shares are worth.
We also perform business valuations for a business that you may be buying on your own, or from a family member, and require validation of your purchase price offer.
Once we understand the purpose of the valuation we select the most appropriate financial method (s) to apply. This determination shapes the outcome of the valuation, because different valuation approaches and concepts may be more appropriate for different purposes.
Some business owners attempt to use tax returns or financial statements prepared for tax purposes as the basis for the financial presentation of their business. As a result, the market values of the assets are not reflected because of depreciation or acceptable deductions that are written off for tax purposes.
While this may be good for tax purposes, tax return financials do not reflect years of hard work in accumulating business assets. The business goodwill or intangible value, which represents a major component of what the business is worth in many cases, is not a consideration for income tax purposes and, therefore, not addressed in financial statements for tax purposes.
For a business to grow and expand in today’s market, capital and financing are essential. The financial presentation reflecting what the business is worth can be a powerful tool for use in dealing with financial institutions, suppliers, and customers.
Additionally, a business valuation is essential when the owner is considering selling the business, or changing the form of ownership.
Income Stream Valuations
If you receive annual income or stock distribution dividends from a trust, an estate, partnership or business; Hartford Business Brokers performs fair market valuations for income tax purposes. If you have someone that would like to buy-out your ownership shares we can place a value on them.
Call Hartford Business Brokers today for a No Charge consultation at (860) 674-9755 our phones are live 24/7 so please feel free to call anytime and leave a voice mail message. We will call you back promptly.
