When is the right time to have your company appraised?

Description

Abstract: Many business owners assume the only right time to have their companies appraised is when they’re ready to sell. Not so. There are, in fact, many “right times” to engage the services of a professional appraiser: for example, when establishing an employee stock ownership plan (ESOP), evaluating business operations, establishing creditworthiness, or achieving estate planning benefits. This article discusses these reasons and the three valuation methods that appraisers use.