What is a Business & Market Strategy Guide?
Business & Market Strategy Guide...AKA B&MSG
IRS Revenue Ruling 59-60 determines the basis of fair market value. It states that fair market value is, "The amount at which the property would change hands between a willing buyer and willing seller when the former is not under any compulsion to buy, and the latter is not under any compulsion to sell, both parties having a reasonable knowledge of relevant facts."
A calculation estimating how much money someone is likely to pay for your company.
Why it Matters to You
For many business owners, your business is your largest retirement asset. Getting a periodic valuation allows you to have accurate information to plan for retirement. It also allows you to identify areas for streamlining, cost reduction, and to reevaluate your business operations.