Why Your Business May Require Valuation Services | What You Should Know

There are few things more important to business owners than understanding the value of their business. Please continue reading and speak with our experienced New Jersey CPAs to learn more about the wide array of circumstances wherein your business may require valuation services.

  • Business Owner Divorce: There are few things more complicated than divorce, and if you are a business owner who is getting divorced and you have not protected your business in some sort of a marital agreement, your business will most likely be subject to equitable distribution. Our firm can properly value your business to help ensure accuracy during this time.
  • Litigation Support: If you are a business owner and are going through litigation, there is a very good chance that you will have to understand the true value of your business in order to best proceed. Our firm can conduct a thorough business valuation to help ensure litigation goes as smoothly as possible.
  • Estate Tax Planning: Despite having estate tax exemptions for business owners largely expanded over the last few years, there are times where the exemption cap may not fully cover the value of an individual’s business. Unfortunately, this could subject a business owner’s family to a hefty tax bill after the business owner passes away. That being said, our team can accurately value your business with tax purposes in mind, thereby giving you the information you need to create a comprehensive estate plan that ensures your family will not be hit with such a hefty tax.
  • Mergers: Mergers require extensive knowledge regarding the value of a business, as buyers want the lowest value possible, while sellers want to ensure they sell their company for as much as possible.
  • Buy-Sell Agreements: If you are a business owner, you should create a buy-sell agreement to help ensure that your successor is clearly identified upon your passing. Your successor can buy life insurance on your behalf to compensate financially for your share in the business. Our firm can assign value to your business to ensure your family receives the proper amount of compensation.

The bottom line is that no matter your circumstances, if you own a business, it is generally in your best interests to hire an experienced attorney who can work to ensure that your business is properly evaluated. If you have any additional questions or are ready to get started, please do not hesitate to speak with our knowledgeable New Jersey CPAs today.

Contact our experienced New Jersey firm

Werdann DeVito LLC is an experienced Certified Public Accountant firm serving clients throughout New Jersey with all of their financial needs. If you need quality assistance with accounting, tax, or consulting services, contact Werdann DeVito LLC today.