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Frequently Asked Questions

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A business appraisal prepared by a competent, qualified professional will generally require 20 to 40 hours to complete. Generally, once the appraiser has received all the requested information, including follow up explanations, a reasonable expectation for delivery of the report is between 30 and 45 days.

Typically, a business appraiser will need tax returns, financial statements, management information, compensation data, business history and information pertaining to the services offered by the business.

The most common reason for obtaining a business valuation is for buying or selling a business. Other reasons include: tax planning, litigation, and preparing for owner succession.

A business valuation is the process of determining the fair market value of a business.

FMV is the amount at which property would change hands between a willing seller and a willing buyer when neither is acting under compulsion and when both have reasonable knowledge of the relevant facts.

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