Ready, set, go — How to ensure your valuation goes as planned

Description

Abstract: Miscommunication and ambiguity early in the valuation process can be frustrating and costly later. This article presents some issues business owners and attorneys should discuss with prospective valuators, including the company's entity type, size and industry classification code, the appropriate standard of value for the purpose, and what type of report format will best suit their needs. The article notes that it's best to summarize the assignment's scope and establish an understanding of the appraiser's duties and responsibilities in an engagement letter up front.