As a business owner, your time is consumed with building a better and more profitable business. Unfortunately, that often means deferring many important personal and business financial decisions to the future.
In many cases, a business may represent the most significant asset on the business owner’s personal financial statement. Unfortunately, the value of that asset is very difficult to calculate. Determining the value of a closely held business is a combination of analyzing the financial results for the business, examining the assets of the business, and evaluating the likelihood of future business success. Knowing the value of that asset is critical to proper business planning and achieving personal financial goals.
This session will help you understand the different types of valuations and valuation methods as well as how to select the method best for your situation. Additionally, you will learn how to use the valuation report to apply to:
Implementing or updating buy-sell agreements
Building strategies for eventual exit from the business and transition of ownership
Developing strategies for retirement
Meeting estate planning analysis needs
Implementing important financial or business strategies that might otherwise be delayed that can increase the value of your business over time
Most importantly, we will provide some “homework” items to help you develop important action steps that you can take now to help provide a financially secure future for yourself, your family, your business, and your employees.
Join us on April 13th at 11:30 as Mike White and Ashley Foster from Virginia Asset Management discuss business valuations and business succession strategies. All business owners will eventually leave their business – it’s a matter of how, when and whether the exit is planned or unplanned. Make sure you are in control by having a valuation done in advance to plan for a successful exit. When it comes to business succession, few business owners have a solid strategy.
All attendees will be eligible to also receive a complimentary, no obligation, business valuation* that can be used for buy-sell strategies, exit and transition strategies, estate planning and retirement analysis.
*The business valuation provided is an informal estimate and cannot be used for tax reporting purposes.