the Need for a
Successfully operating a business enterprise and making sound financial decisions in today's fast-paced complex world presents significant challenges. These challenges create a need for a specialized professional—the business valuator! The specific role of the business valuator is to determine the value of tangible and intangible assets held by businesses or individuals. Valuation professionals provide a broad array of services to meet the unique needs of businesses and independent clients. A business valuator may be necessary for financial legal, business, family or personal reasons. Qualified business valuators must have expertise in accounting, tax, finance, economics, litigation support, valuation theory and application and more.
Scope of Business Valuation Services
Understanding the full scope of business valuation services is important in identifying specific areas of interest and need. Business valuation clients come from all professions and industries. Included are attorneys, judges, financial planners and institutions, insurance companies, Certified Public Accountants, business consultants, business owners, real estate appraisers and business brokers. Reasons to hire a professional business valuator may include:
Independent and Objective Analysis
Independence is a primary reason for engaging a business valuator. Problems involving a lack of independence, fairness, competence, and disputes among interested parties ma be avoided through third-party objectivity. The goal of the business valuator is to provide you with an independent, knowledgeable, credible valuation without personal or emotional issues influencing the analysis and conclusions.
Professional Quality and Standards
A skilled business valuator must meet rigid professional training and testing requirements. Many business valuators earn accreditation through professional organizations such as the National Association of Certified Valuation Analysts (NACVA®). NACVA's credentialed analysts have completed in-depth and advanced training necessary to competently provide a wide range of business valuation services, using recognized industry standards.
Understanding How Value Is Determined
Most clients seek a business valuation in order to determine an appropriate value of their business or personal assets. Different approaches must be used to determine values 0f businesses and property, depending on the specific purpose for the valuation; Value is usually expressed in terms of fair value, fair market value or investment value. Business valuators are specifically trained to identify and determine the most appropriate standard of value for the valuation engagement
When Value Is the Issue, You Need a Valuation Professional