Business valuation service : Are you a company owner in New Jersey who has no idea how much your brand is worth? Well, sure you sell a few products over the year, and maybe even have an idea of how popular your brand is. But you have no clue how valuable your brand is in the retail market.
Well, this can be problematic in so many levels! If you do not know the value of your brand you won’t know how much profit, you’ll make and so on. Not to mention, if you even think of selling your business, you cannot make a strategic exit planning without knowing your brand’s market value.
Therefore, you must go for business valuation services New Jersey. Now, you might wonder what business valuation is and why is it so needful for your brand? Well, we at ThomasRoss Financial Group will tell you. We offer customized business valuation service to clients and today, we are here to answer all your questions.
So, Let’s Begin
Explaining Business Valuation
Business valuation is very important for any business succession planning or estate planning. Now, your business may be the most important asset for you. So, naturally, if you wish to see it grow, you need to have an insight on the taxable value of your brand. However, if you just assume and use an incorrect value, it can cause you to mess up tax-saving tips. For example, if you have an inflated value it can result in you investing time and money, and all for nought.
Therefore, you must have the accurate market value of your brand, and this is where business valuation can aid you out. The business valuation takes into consideration several aspects before finding the accurate value of your brand.
In short, opting for business valuation services New Jersey will ensure your brand optimal use of resources and finance. Moreover, there are plenty of other reasons to undergo business valuation.
Let’s Review These
1 . Business Valuation Helps in Succession Planning
Sometime in life, you might plan to hand down your business to someone else and retire. Now, this can be either a family member or a third-party buyer. When it is a family member, most of you might charge a negligible amount and hand down the brand with confidence.
However, when you are planning to sell your brand to a third-party buyer you need to invest in business valuation services. This is because, unless and until you find the actual value of your brand you do not know if you’re charging the right market price for your brand.
Additionally, your buyer might want to check the market value of your brand to determine the amount to be paid.
2 . Mergers, Sales and Acquisitions
Brands need a business valuation when they suddenly acquire another company and is a target for acquisition. This valuation helps in reorganizing the capital structure, filing for bankruptcy or splitting up the company as per its needs.
Now, for mergers, both the company in charge as well as the acquired company needs to go for valuation, while in acquisition any of the companies can opt for valuation. Anyhow, these valuations often pinpoint challenges that require the valuation expert to calculate cash needed for payments.
Therefore, in such cases, it is best that you opt for business valuation services New Jersey.
3 . Buy/Sell Agreements
Let’s assume that your brand in New Jersey has an LLC or partnership; if it does it is important that you have a buy/sell partnership between participants to avoid future problems. Now, the starting point of this agreement is based on a value, which is agreed mutually. This is where your business valuation service can help you in determining the value.
4 . Partnership and Shareholder Buyout/ Disputes
Often in businesses there can dispute that arises due to several circumstances. Some of these are disagreement with dissolution or merger or disputes within owners and more. Other times disputes arise when certain stats allow unanimous owners to change, restructure or dissolve businesses without consent.
At that time, if you have a business evaluation done, it can aid in resolving the dispute as part of the settlement. So, in case there is a chance of your brand facing such disputes opt for a business valuation services New Jersey.
5 . Business Valuation for Funding
Suppose you need good funding from banks and investors, at that time if you undergo business valuation, you can get a better value for funding.
Why? Well, a business evaluation will show the investors the actual worth of your brand. Additionally, it will also predict how profitable your brand will be in future. Therefore, your investors or bank will feel motivated to invest in your brand.
On that note, now that you’re aware of the many perks of business valuation ensure to get it done sooner. For best results, you can contact us at ThomasRoss Financial Group and let our analysts take care of your issue.