Buying or selling a business is not a decision to be taken lightly. On top of the paperwork, there is the issue of putting forward a reputable offer or selling at the right price.
In order to get to this point, though, the business must be correctly evaluated, including its assets, stock and any debts outstanding. Forensic accounting plays a key role in assessing all the facts to come to a fair and reasonable valuation of a company.
Whether it is during the process of negotiations, coming to a final asking price, or determining an offer to buy, challenges lie in the way of both parties. During negotiations, there may be a situation when the price of the company is questioned. Whether it is that the assets have been overvalued, or debts undervalued, the potential is there for parties to come to blows.
This is where Frenkels Forensics can step in to bring calm to the scenario. Providing a full and proper investigation into all documents and accounts, our team of forensic accountants will leave no stone unturned in putting forward a fair and reasonable evaluation of a company’s worth. The evidence – including financial records and order books – will be brought together to produce a final due diligence report giving an objective valuation of the business.
Leaving with a clear outline of what a business is worth thanks to expert accounting, both parties can continue negotiations if they so desire. But with clarity over the company’s true value, the process should be smoother and pain free.
For expert help with a business valuation, contact Frenkels Forensics for an independent appraisal.
By Vitek Frenkel – find me via Google+.