Valuation. It is the only method of legitimately determining how much your business is worth, so it is very important that you make sure that it gets done properly. If it does not and you want to sell or merge, you may be prevented from doing so, and thus lose valuable business time. So in order to avoid this, and in order to avoid making our shareholders angry, you should make sure that you find a reliable company that does valuations.

The reason for this is that you will need a lot of official documentation when it comes to the findings of the consultant. You also need to make sure that you are not going to be cheated when it comes to your valuation. There are many reasons why people need businesses accurately valued, and not all of them have to do with sale and transference. One of the other main reasons why people need this done is so that they can get business insurance. No insurance company will cover your business for a certain amount of money unless they are certain of how much it is truly worth.

Make sure that your valuation company is legit

Because there are so many fly by night people out there who take advantage of business owners who are desperate to sell or get their businesses valued, there is of course a lot of fraud, but thankfully there are a few ways win which to determine whether or not the company that you have cast your lot in with is legit.

    • Process: One of the most important methods of determining how a company does its valuations is by the methods that it uses. If it uses anything other than the recognised methods of valuation, you should be wary of its overall business practices. There are many different ways in which to value a business, but two of the classic methods are to do either a machinery valuation or an overall business asset valuation. If the company doesn’t offer any of these, then you should think twice about using the service.
    • Registration: Every valuation company and consultant should be registered with a board and a financial intuition. If there is none of that present, then you should realise immediately that you will not get certified valuation documentation and that the company is also not legitimate.

If your search for a great valuation company has turned up dry so far, then you should rethink where you are looking. Here at The Property Partnership, we pride ourselves in giving you the best in valuation services. We handle all types of properties and business, so our consultants are expertly qualified in their field. We are also a registered valuation institution, so you can rest easy knowing that all of your documentation that you receive from us will actually help you out. For more info visit Property Partnership