Business valuations are for contractors, too
Abstract: Many associate the term “business valuation” with the sale of a professional sports team or the unfortunate task of handling a deceased owner’s affairs. But there are many reasons for a construction company to work with its financial advisor and a qualified appraiser to estimate the company’s current value. This article lists several of these reasons, and describes three primary approaches that appraisers use to conduct a business valuation. It also mentions other documents that must be gathered if a sale of the company is in the offing.