Updated July 21, 2015
Why is a business valuation necessary?
Why is the Valuation of a Business Necessary in Chicago Illinois?
A formal Business Valuation is a necessary step in providing the due diligence necessary to complete a bona fide transaction with a blood relative.
Without a valuation and the proper due diligence the transaction can be unraveled in an audit. If this occurs there could be substantial estate or income taxes imposed as well as penalties and interest.
Do not try to face this on your own.
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Chris Amundson is the President of Accounting Solutions Ltd., a full service public accounting firm of Certified Public Accountants and Enrolled Agents handling the bookkeeping, accounting, tax preparation, and audit representation needs of Businesses, Estates, Trusts, and Upper Income Individuals.