Exiting Your Business? These Factors Can Affect The Selling Price

When business owners begin to consider transferring ownership, they often look for rough estimates of the value of their business. This number is important, of course, to determine proceeds that will be available for retirement or for the next phase of life and work. The valuation will also determine tax liabilities for both the current and future owner, something that is an especially important consideration for family-owned interests in a business.