Business Valuations are needed for various reasons. When a business is going to be sold a business valuation is used to determine a fair selling price. Business valuations are also used to settle disputes that come up when settling and estate. Divorcing co-owners of a business will need to know the value of their interest in the business so that their divorce can be finalized. And there are several other reasons people may need to know the value of a business as well, but these are the most popular reasons.
A business valuation should only be performed by a qualified CVA, as they will have went through many training programs to hold that title in the valuation field. Getting someone to do this who knows the ins and outs of giving a business appraisal will be well worth it in the long run. A CVA will take the proper steps to make sure all considerations have been included in the report you will be issued. It’s an in depth procedure that should only be done by qualified individuals. If you need one in the Philadelphia/New Jersey area, Mark S. Cherry, of certval.com is a CVA or Certified Valuation Analyst and is also a licensed attorney and Certified Public Accountant (CPA). He has the experience to get the job done right!