{"id":746,"date":"2020-02-18T09:00:32","date_gmt":"2020-02-18T14:00:32","guid":{"rendered":"https:\/\/murphybusiness.com\/blog\/?p=746"},"modified":"2020-01-27T16:20:22","modified_gmt":"2020-01-27T21:20:22","slug":"business-valuation-services-what-is-your-business-worth","status":"publish","type":"post","link":"https:\/\/murphybusiness.com\/blog\/business-valuation-services-what-is-your-business-worth\/","title":{"rendered":"Find Out What Your Business is Worth with Business Valuation Services"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Do you know how much your business is worth? Many business owners are uncertain of the true value of their businesses and only have a vague idea of what their selling price would be. With business valuation services from Murphy Business, you\u2019ll gain a better picture of where you stand in the market and the potential for selling your business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Appraisals are also essential for helping business owners prepare for a variety of professional and personal events, from a merger to divorce and tax issues. When you have a current valuation of your business at hand, you can face the future with confidence and make informed business decisions. Keep reading to learn more about understanding the value of your business through professional business valuation services.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">When Are Business Valuations Necessary?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Maintaining an up-to-date business valuation report is not unlike having a resume ready to go in case an unexpected opportunity or unfortunate event comes your way. After all, the unexpected does happen. So you can protect your business and your assets, it\u2019s important to be prepared for situations including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">An opportunity to sell the business<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Adding a new partner or coping when a partner leaves<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Creating a plan to exit the business<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Acquiring financing<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">An event in your personal life, such as divorce, death, or disability<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A natural disaster that affects your business<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Disputes with shareholders<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Liquidation<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Litigation and legal disputes<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Understanding the Business Valuation Process<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Much like an appraisal for a home sale, the <\/span><a href=\"https:\/\/murphybusiness.com\/business-valuation-services\/overview-of-business-valuation-services\/\"><span style=\"font-weight: 400;\">process of business valuation<\/span><\/a><span style=\"font-weight: 400;\"> requires an appraiser to analyze the value of assets within the business, depreciation that has occurred, and other important factors that could affect what the business is worth.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The appraiser will also take intangible assets into account during the valuation process. Intangible assets, such as trademarks, patents, copyrights, licenses, customer relationships, and technologies, are often very difficult for business owners to assess on their own. However, they can have a significant value potential that should not be overlooked.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Types of Valuation Reports<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Because businesses can be valued in different ways based on the circumstances of the valuation and the information that being sought, there are a range of different business valuation services to choose from. Here are some of the most common options:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Business Valuation Report: <\/b><span style=\"font-weight: 400;\">Provides an abbreviated but formal summary for the determination of a selling price or facilitation of a buy-sell agreement.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Calculation of Value Report: <\/b><span style=\"font-weight: 400;\">Offers a calculated value in line with the standards put forth by the National Association of Certified Valuators and Analysts and the Institute of Business Appraisers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Business Appraisal Report:<\/b><span style=\"font-weight: 400;\"> Presents a step-by-step explanation of the valuation process for use in litigation and for tax purposes.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Broker\u2019s Opinion of Value\u2122:<\/b><span style=\"font-weight: 400;\"> Used by buyers, sellers, and brokers for the pricing of small businesses.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Preparing for a Business Valuation<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Certain types of valuation processes will require certain documents. However, you\u2019ll likely need to gather the following for the appraiser no matter which type of business valuation report you\u2019ve requested:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A company history or description<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Governing documents<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Employee information, such as benefits and pay<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Financial statements<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Tax returns for the previous 3-5 years<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Details about company assets<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Paperwork for legal issues or current litigation<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Why Choose Business Valuation Services from Murphy Business?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">At Murphy Business, we understand how important it is for business valuations to be thorough and accurate. Our business valuation services are conducted by professional appraisers with expert knowledge in all aspects of the business valuation process, as well as related business transfer procedures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We work to stay on the cutting edge of developments in the field of valuation and appraisal, taking part in teleconferences and annual conferences whenever possible. We also perform our valuations according to the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation, in addition to the Business Appraisal Standards of the Institute of Business Appraisers. You can have peace of mind that we work according to proven peer-reviewed valuation methods that provide an accurate understanding of the value of your business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t wait to have the value of your business assessed by a professional appraiser. <a href=\"https:\/\/murphybusiness.com\/corporate-information\/contact-us\/\">Contact Murphy Business today<\/a> at (888) 561-3243 to hear more about our business valuation services.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you know how much your business is worth? Many business owners are uncertain of the true value of their businesses and only have a vague idea of what their selling price would be. With business valuation services from Murphy Business, you\u2019ll gain a better picture of where you stand in the market and the &hellip; <a href=\"https:\/\/murphybusiness.com\/blog\/business-valuation-services-what-is-your-business-worth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Find Out What Your Business is Worth with Business Valuation Services&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":689,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[48],"class_list":["post-746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage-services","tag-business-valuation-services"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Find Out What Your Business is Worth with Business Valuation Services -<\/title>\n<meta name=\"description\" content=\"Learn how business valuation services from a professional appraiser can help you understand the value of your business and plan for the future.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murphybusiness.com\/blog\/business-valuation-services-what-is-your-business-worth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Find Out What Your Business is Worth with Business Valuation Services -\" \/>\n<meta property=\"og:description\" content=\"Learn how business valuation services from a professional appraiser can help you understand the value of your business and plan for the future.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/murphybusiness.com\/blog\/business-valuation-services-what-is-your-business-worth\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog - 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