Who, what, why and when? — Preparing for an appraisal

Description

Abstract: Business owners, attorneys and other interested parties who understand valuation terms, anticipate information requests and provide reasonable timelines will be able to minimize errors and surprises. This article explains how to outline the parameters of a valuation assignment, including its standard and basis of value. It also lists some of the important data the valuator compiles concerning the subject company and emphasizes the importance of early and ongoing communication with the appraiser to ensure needs are met.