Valuing a business quite often the most challenging and difficult part of the process of selling or buying a business. You shouldn't try to do this on your own but rather consult with a Business Broker or CPA. You want to tap into their expertise.
A very important step before you purchase or start a business - you are immediately confronted with what should the legal form of ownership for your new business be, in other words should you be a sole proprietor, LLC, LLP, S Corp or C Corp. You should get out in front of this long before you purchase or start your business. Accounting professionals have different views on this but we say to you to first take a look at the competitors and the industry that you are buying the business to see what type of company formation many of them undertake.
