Whether you want to buy or sell a business or simply get additional financing, valuating a business is the first step help in real world transactions.
When you're ready to transition to the next phase of life whether a new venture or retirement, having an business valuation is a important part of your exit strategy.
If you would like to simply sell your business, have a business valuation is important to know where your business value is.
If an owner or partner passes or becomes unable to participate in ownership responsibilities, a valuation would need to be performed in order to form a new relationship.
Buying a business or buying into a business will trigger a valuation of the business.
If your business needs capital for new ventures or to get through atypical downturns, lenders might require a business valuation.
As personal changes in your life might occur, valuating your business is important during the asset split portion of a divorce.