Before we start writing our Buy-Sell agreement, it would be worth presenting an illustration of a Business Valuation. 1. Let's assume your business BOOK VALUE is $1,000,000 ($1,500,000 assets minus $500,000 liabilities). 2. We'll use, for example, ACTUAL EARNINGS of $210,000. 3. ...
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Valuing Your Business
Ready to start writing your succession plan? I am. So let's begin. The very first step is to set a fair market value for your business. By finding a fair and realistic value, you not only eliminate conflicts between partners and...