Valuing The Business
In addition to your own due diligence and risk assessment, a business valuation conducted by a “business valuation expert” will substantiate whether the asking price is reasonable. There are several different valuation methods. Contact your accountant about obtaining these valuation services and make certain you understand the results. You should also ask your accountant about the taxes involved with owning the business.
To read "The Fundamentals of Buying a Business in South Dakota - Part 4" - click here.