Business valuation refers to the complex process of determining the value of a business or its specific assets, based on the business owner’s objectives. The process involves the use of various business valuation methods. Valuations can be done on assets such as a company’s trademarks, patents, and intellectual property or the business as a whole.
Business valuation professionals are expert who has been trained to provide business valuation services, using the most appropriate methodologies and standards, depending on the situation. An individual or an organization needs to know exactly what they should expect from business valuation services.