I have a family automotive repair business, that is setup as a LLC, and the father had passed away recently . His two adult children , also llc members,will continue to operate the business , as they have been but now at a 50/50 ownership position. My question , what is a fair valuation for the business for estate purposes? I have used a income valuation method with a factor of x 2.5 for this type of business. Asset valuation method would be too low based on current liabilities on B/S. Estate attorney looking for value of business for probate.
-
-
Do you have training and experience with business valuations that would stand up in court? if not, I would suggest getting someone who does, estates can get very troublesome when relatives smell some money they think they deserve."A man that holds a cat by the tail learns something he can learn no other way." - Mark Twain
Comment