Business Valuation
Whether for legal, tax, or negotiation purposes, it is imperative to know the value of your business. While you may be able to provide a rough estimate of your business’s value, only a skilled valuation expert can supply a professionally accepted assessment. Thomas B Hammond Company will develop a specialized appraisal of your business by analyzing a number of variables and selecting the right IRS-approved formula. You may require a business valuation if you are considering or experiencing the following:
- Buy-Sell Agreement and Succession
- Changes in personal financial circumstances
- Business Liquidation
- Business Financing
- Strategic Planning
Succession Planning
Unexpected events, such as death or disability, have the potential to disrupt the ownership and profit earning power of your business. A strong succession plan will allow you to manage your own exit strategy and control the fate of the business you’ve built. Proper planning swiftly ends potential disputes and ensures the smooth transition of rights and responsibilities of ownership.
Succession planning often includes a buy-sell agreement which will benefit the owner’s business partners and key employees as well as the family of a deceased or disabled owner. Thomas B Hammond Company can help you develop a succession plan that will enable a smooth transition; maximizing the business value and minimizing complications, fees, and taxes.
Buy-Sell Agreement
A buy sell agreement involves the selling of the business to current partners, key employees or other interested parties.