The Smart Business Approach
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It is critical to determine the purpose of the valuation. This determination shapes the choice of valuation method(s) to apply, because different approaches and concepts may be more appropriate for different purposes. Most business owners 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 value of 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. |
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A Business valuation is essential when the owner is ready to consider selling the business. |
About Us:
Blue Chip Business Solutions specializes in business sales and acquisitions of firms ranging in price from $500,000 to over $10,000,000. We have sold virtually every category of business and invite your review of our performance by contacting our office. We are selective and highly successful. We are fully prepared to represent clients who have a desire to see the continuing success of their business under the guardianship of a new owner.
Fee Basis and Policies:
For the most part, fees are earned on a success basis and are normally paid at the closing. If they are not, then you will be advised in advance of what the costs will be. Our fee agreement will be fully discussed with you prior to any commitment on your part.
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