Understand the Value of Your Tennessee Business
A Local Nashville Business Valuation Firm
Knowing the true value of your business will support and guide you through the various financial events you will encounter during your Tennessee company’s business lifecycle. Your Tennessee business is worth so much more than the raw numbers on your balance sheet—but how do you find out the true, most accurate representation of your company’s value when these raw numbers are inaccurate?
The answer lies in a professional business valuation, or business appraisal. A business valuation is a unique process that analyzes every part of your business to produce the most accurate current economic value.
Whether you need to know your true value to sell or buy a business, secure investment, or report taxes to the IRS, business appraisals will ensure you are equipped with the information you need to represent your true value accurately.
Learn how to value your business and how business valuations help your Tennessee company.
Why do Business in Tennessee?
With hundreds of thousands of successful businesses calling Tennessee home, there are many reasons to do business in Nashville, Tennessee.
Supported by small businesses – Demonstrating the opportunity for entrepreneurial success, small businesses make up 96.8% of businesses in Tennessee, with over 1 million small business employees (King University). These small businesses thrive thanks to solid community support and pride. Tennessee is also home to Fortune 500 companies like FedEx and Autozone and has diverse industries.
Affordable costs and low taxes – The cost of living and business in Tennessee is some of the lowest in the country, allowing overall operations to be less costly and run smoother. Also boasting some of the country’s lowest state and local tax burdens and no personal income tax, Tennessee is one of the best states to be in to reduce your tax burden.
Are you looking to sell your Tennessee business? Read our article on how you can obtain a business valuation before you sell your business.
Funding opportunities—Tennessee holds strong funding opportunities. With the many angel investors looking for new businesses and the many capital programs available, securing funding is never far out of reach. New businesses looking to get their ideas off the ground will find ample support.
Also, our article on personal goodwill vs. business goodwill explains what intangible assets mean and how they affect the value of your Tennessee business.
When Does Your TN Business Need a Business Valuation?
Throughout the business lifecycle, your Tennessee business will encounter many financial events. A business valuation will provide the support and tools to navigate these scenarios confidently and securely.
A business valuation report will support your Tennessee business in the following scenarios:
- You are entering a merger and acquisition deal
- You are looking to secure investment and need to represent your business’ value accurately
- You are buying or selling a business and need the purchase price or navigating unsolicited offers to buy your company
- You are estate planning and need to represent your business accurately to IRS valuation standards
- You are working with divorce proceedings
- You need to know the value of your business to report to the IRS for tax reporting or financial reporting purposes
- You are settling an ownership dispute and need the true settlement value
Learn more about the different scenarios in which your Tennessee business may need an independent valuation with our comprehensive guide on how to value a business.
Are you unsure how to choose a business appraisal company that is right for you? Read our complete guide on how to choose the best business appraiser for your Tennessee business.
Can I Calculate My Tennessee Business Value With Online Tools?
Considering the numerous benefits of knowing your business’s true value, many Tennessee business owners may consider using online tools to calculate their value. Putting your numbers in a calculator and getting an instant value is easy and cheap. Unfortunately, these online tools are not all they are cracked up to be.
While online tools may provide a general idea of your business’s value, they will never be able to produce a truly accurate value. Business owners who are generally overly pessimistic or optimistic about their numbers will produce skewed results, and the online tools themselves are not anywhere near as complicated and nuanced as a professional business valuation.
The IRS, banks, and courts will not consider your value legitimate if it is from an online tool.
Curious whether a professional business valuation is worth the cost? Read our article on how much a business valuation should cost.
The Worth of a Professional Tennessee Business Valuation
A professional business valuation service is so much more than inputting numbers into an online tool. Our accredited in business valuation ABV valuators will do a deep dive into every aspect of your Tennessee business. Business valuations are nothing short of an art, and our trained professionals will intimately get to know every aspect of your business, efficiently producing only the most accurate results.
The certified valuation analysts (CVA) at Business Appraisal FL|GA|HI have over 20 years of experience valuing Tennessee businesses like yours, and our experience has enabled us to provide you with the best services possible. We are eager to assist you in discovering your business’s current value and projected future value. Certified public accountants (CPAs), investment bankers, wealth advisors, and SBA lenders consistently trust us to value their clients’ companies.
Learn how a business valuation benefits your Tennessee business with our article on the top 7 benefits of getting a business valuation.
Nashville, Tennessee Business Valuation
No matter your business valuation reason, reach out to BA FL|GA|HI today for a free, confidential consultation with our valuation experts to discuss your situation, the valuation process, the methods of valuation, and if our business appraisal services are right for you.