image for Jirapong_Manustrong / Getty Images

Jirapong_Manustrong / Getty Images

  • Knowing the market value of your business can help in areas like taxation, financing and various disputes, such as divorce proceedings.
  • Business valuation is especially important when you need to find out a partner’s ownership value during changes in ownership and sales of shares.
  • There are multiple methods to estimate how much your small business is worth.
  • This story is for small business owners looking to begin the business valuation process.

Over time, the worth of your business fluctuates as different factors contribute to its overall worth. While you might not think you need to calculate your business’s valuation unless you’re ready to sell your business, there are more uses for this number than making it easier to facilitate a sale. The steps, costs and time it will take may depend on the method you use, but having an accurate business valuation on hand can be

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