There are inevitable instances that will happen in your business where it would lead you to get a business advisory or business valuation. If you own a business, then you should know these events when you would need the expertise of a business valuator!
Death of a shareholder
In a family business, a death can trigger several difficulties along with emotional impact. This would require a business valuation because the family would need a source of funds to complete the share purchase declared in the shareholder agreement.
Dispute related valuations
This could either be a source of a shareholder dispute or divorce. In these situations, it is difficult to determine how much the business is worth using general principles of valuing. Fortunately, the unbiased and professional mission of a business valuator will assess the various aspects of the case and prepare valuation reports.
Estate planning
It is crucial to plan prepared for the future to begin developing a strategy to execute it like in estate planning. Here, obtaining a real estate valuation would be a wise move because your estate tax can be better estimated by it. You would also need the help of an estate lawyer for this one.
Gifting of interests
When you know the value of your business with the help of an expert could help you and your advisors plan to reduce the estate tax by gifting a portion of it. Moreover, any time a business interest is transferred by gift, a valuation should be executed to record the gift tax value. This would reduce the risk of the audit agencies altering the value of the gift.
Are you looking for a reliable business valuation service in Singapore? Consider getting it from Twin Pillars! They also offer real estate valuation if your business ever needs one! Contact them on their website at https://twinpillars.asia/
Resources:
https://ibb.co/SXFVF76
