If you own a business in Southern California, you'll definitely need to have a business evaluation conducted before deciding to sell your business. However, that's not the only reason it is smart to have your Los Angeles area business valued by a business valuation expert. You may need a valuation for tax purposes, tax disputes, estate settlements, litigation or for ESOP requirements.

But there are even more reasons why you ought to consider having a current Southern California business valuation. Here's a look at some of problems that may be prevented or avoided by having a business valuation conducted by an expert at our firm.

• The opportunity to sell your business, or acquire another business may arise unexpectedly and with limited deadlines. Having a current business valuation will allow you to capitalize on these opportunities.
• If you're nearing retirement age and you own a business in Southern California, you'll find that having a business valuation on hand will be helpful in planning your succession or exit strategy.
• In the event of an accident, death or illness, having a current business valuation ready will be helpful to your family when making necessary decisions such as whether to sell or dissolve the business.
• Having a current business valuation for your Los Angeles area business will allow you to determine the buy-in price when deciding to bring on a partner or another shareholder.
• In the event that you have to separate from your partners, having a business valuation will enable you to know the value of the business in order to divide it fairly.
• If your Los Angeles metropolitan based business is growing and you're ready to expand, having a business valuation will be beneficial for securing the working capital needed to do so.
• A business valuation will likely be necessary in the event of a marital dissolution, whether or not the business is considered community property.

Clearly, there are multiple reasons why it is important to have an annual business valuation for your Southern California based business. To schedule a consultation with one of our licensed and experienced Los Angeles business valuation experts, call (818) 591-9282 or email contact@beaco.com.

Since 1972, Business Enterprise Appraisal Co., Inc. has served the business valuation industry in Southern California. Our Los Angeles based firm specializes in business valuations and related services. Our experts have qualified as competent witnesses in South California Superior Courts as well as Federal District Court and the Federal Bankruptcy Court. We have been appointed as the Court's own appraiser and Special Master on contested matters, and our valuations have been affirmed on appeal by the California Appellate Court.