What Your Business Is Worth...
And Why You Need To Know
When: January 26, 2022
Where: Virtual Event
Time: 9:00am - 10:30am
As a business owner, your business is most likely your largest asset. Closely held businesses do not have an easily determinable value and a range of values is the norm. The value of your business is influenced by many variables, many of which you can control. Whether you keep or sell your business, knowing and increasing your valuation is always beneficial.
Among the many business planning issues to be addressed at the workshop are the following:
Learn the 3 different valuation methods for your business/industry.
Understand how to "enhance" the value of your business.
What are the consequences of an incorrect valuation?
Why businesses with multiple shareholders should "fix" a value, and in writing.
How valuation differs in a family transfer event versus a third-party sale.
What the IRS can do if you choose not to establish a value for tax purposes.
Why recurring revenue, long term employees, "clean" books, negotiated vs. bid work, bonding capacity, and supplier relationships are drivers of increased valuations.
Donald Hannahs, CFP – Oceanside Financial Strategies
Parker Hannahs – Oceanside Financial Strategies
Brad Bailey, CPA, MT, ABV – Brown Edwards
Donald S. Hannahs and Parker S. Hannahs are registered representatives or Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors, a broker-dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Oceanside Financial Strategies is not an affiliate of Lincoln Financial Advisors Corp. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.
Tidewater Association of Service Contractors is a 501(c)6 non-profit organization. P.O. Box 174, Norfolk, VA 23501