There are many reasons (both business-related and personal) that a business valuation may be needed. Frequently, business valuations are necessary for:
There are three main approaches which are commonly used in business valuations: income approach, asset-based approach and the market approach. Within each of these approaches, there are various techniques for determining the value of a business, which is why a professional with the appropriate background, education, and familiarity with your business, should be retained.
At JGR, we work directly with business owners and wealthy individuals to arrive at unique solutions to preserve what you have worked so hard for. We understand your desire to pass on a successful business to the next generation, while also minimizing the impact of taxes. We can assist you in the following areas:
We promote a "team approach" in many of the above planning areas, working together with your attorney, broker and financial advisors to develop and implement innovative solutions.