In conversations with business owner clients, particularly those who are planning for a transition of their business, the topic of “goodwill” is regularly discussed. Often, the conversation intensifies when clients receive our valuation report and learn that the value of their business is not…
Fair Market Value Considerations
At the outset of every business valuation the appropriate type, or standard of value to be used needs to be determined. This is a critical first step in answering the question “What is the value of my business?” The term…
Business Valuation
Business Valuation for Divorce Purposes – Antolik v. Harvey Case Study
In the landmark divorce case, Antolik v. Harvey (761 P.2d 305 (1988)), the primary issue addressed by the Intermediate Court of Appeals of Hawaii was the value of Husband’s chiropractic practice and, specifically, whether a mistake had been made in…
Business Valuation
How to Select a Business Valuation Professional
It may be surprising that there are no restrictions to practice business valuation in most states. As a result, you will need to follow the “buyer beware” rule and do your homework. Through your research you may find that there…
Business Valuation
Why Do I Need a Business Valuation?
A business valuation is typically needed in the following scenarios: You are thinking of buying a business or ownership interest. You decide to sell your business or transition ownership. You are planning for retirement. You are hoping to buy out a…
Business Valuation
Benefits of a Business Valuation
As discussed in a previous post titled “Why Do I Need a Business Valuation?,” an independent business valuation can be needed for many reasons. This post mentions a few benefits of having a professional valuation performed: Exit planning – Your business is…
Business Valuation
How to Fully Utilize a Business Valuation Expert in a Litigation Matter
Litigation matters that commonly require a business valuation expert include: Partnership/shareholder disputes Dissenting shareholder and shareholder oppression actions Bankruptcy Divorce Gift/estate tax litigation Buy-Sell Agreement disputes Business damages (e.g. lost profits or diminution of value) Once a need is identified…
