Understanding Business ValuationsPublished November 26, 2019 | By Achim Neumann, PresidentNick Youngson – link to – http://nyphotographic.com/The term “business valuation” or “business appraisal” refers to the objective and impartial process of discovering the true and supportable value of a business, enterprise ownership affair, an intangible asset, or even a security, as at a specific date.Choose a Valuation Firm with ExperienceEvery Business valuation performed by A. Neumann & Associates LLC, is executed by professionally certified appraiser who have significant experience in the field of business appraisals and transfers. In our valuations, we ensure thorough compliance with the standards set by the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation (USPAP), along with the Business Appraisal Standards of the Institute of Business Appraisers. By complying with set standards, our clients are sure that we are using established and peer-reviewed methods of valuation to arrive at defendable valuations. Why Should You Have Your Business Appraised?Every business, whether successful or otherwise, will one day need to be reliably and impartially appraised for a number of reasons.Sale of the BusinessPartnership AgreementsFinancing RequestsPartnership Buyouts & Partnership DisputesDivorce Cases Involving FoundersGift TaxesLawsuitsESOPsEstate PlanningMergersInsurance ClaimsValuation ReportsChanging from a “C” Corp. to a “S” Corp. Allocation of Purchase PriceBusiness Appraisal Report – Unlike the Valuation Report, this is a more comprehensive and formal report that can be used for litigation and can be presented to external parties like the IRS. This report typically contains a step-by-step explanation of the valuation process.