What's Your Business Worth?
If one of your co-owners wanted to leave the business, how much would you pay for their interest in the business?
These questions are just the beginning of the exploration into the valuation of your business.
Business valuation is sometimes part art and sometimes part science. The science may involve valuation methods that range from simple to fairly complex formulas.
A business valuation is a vital part of your business continuation plan. There are a number of resources that may be available for you to use, and you should always consult with your own CPA and other advisors.
Types of Buy-Sell Agreements
Your business structure, who owns the business, your family situation, will influence the choice of which arrangement is best for you.
The standard buy-sell agreements include: