“I’m ready to add a partner.”
“I’m thinking of splitting off from my partner.”
“I’ve been approached to sell the business.”
“I’m ready to expand by buying another business.”
Business change can be as emotional as personal change. An objective, qualified CPA will assist in defining the value of the business, in defining the desired outcome in financial terms and in designing a plan to accomplish your goals.
What should I do first?
Gather the facts and the necessary documents and make sure your current “financial house” is in order.
Define how you intend to arrive at the value of what you’re buying, selling or splitting.
Consider how you’re going to divide assets, if that is the plan.
Contact Fulton & Kozak for a complimentary consultation and learn more about business valuation.