As a business owner, knowing the value of your business is essential. However, the process of business valuation is detailed and requires specialised knowledge. So, when should you consider obtaining a business valuation?
1/ Obtaining finance
If you are planning to expand or develop your business, determining its value can help you negotiate for better funding. A thorough business valuation makes it easier to present your case to potential investors and gain their support.
2/ Resolving disputes
Disputes between business partners or shareholders can lead to costly legal battles. A detailed business valuation helps all parties understand the company’s worth, allowing for informed discussions and potential resolutions without the need for prolonged legal action.
3/ Marriage breakdown
In the event of a marital separation, both parties may want to divide the assets, including their business. A professional business valuation ensures that the business can be divided equitably, reducing the likelihood of conflicts.
4/ Succession planning
When planning for the future of your business, understanding its current market value is key. This knowledge aids in a smooth transition, allowing your successor to build on the existing foundation and develop new strategies.
5/ Admission or removal of shareholders
When a new partner or shareholder comes into the business, they should be able to buy it at a fair price. Conversely, when someone exits, they should be compensated fairly, ensuring the remaining partners are not overpaying.
Why you need a professional valuation
In business, making financial decisions with confidence is vital for your business’s safety and success. Whether you’re securing finance, resolving disputes, or simply wanting to know your business’s worth, seeking professional advice can be wise.
Reliable and accurate business valuations
At LBW, we specialise in delivering accurate business valuations, even in complex cases.
Our independent approach is tailored to identify your business’s strengths and weaknesses, supporting you throughout the valuation process.
Contact business valuation experts in Geelong
At LBW, we understand that the business valuation process can be daunting. Our Geelong-based advisors are here to help you identify, mitigate, and prevent risks, ensuring the best outcomes for your business.
If you need reliable business valuation and forensic accounting services, contact our LBW advisors and start your journey today.
This blog provides general educational information only. The content does not take into account your personal objectives, financial situation or needs. You should consider taking financial advice tailored to your personal circumstances.
LBW Business + Wealth Advisors is an Authorised Representative of LBW Wealth Pty Ltd ABN 56 652 382 128 AFSL 534569. Please see our website, www.lbwca.com.au, or call 03 5221 6111 for more information on our available services.
