Market Appraisals vs. Compliance Appraisals
Being a small business owner comes with a laundry list of responsibilities. Building strong relationships with outside vendors, suppliers, accountants and delivery services makes conducting day to day functions that much simpler. This is why finding a trustworthy and qualified liquidation company to provide you with any number of services from selling of excess inventory, auctioning and appraisals can make running your business easier.
As a business owner you may want or need an appraisal of your business. This includes either a market appraisal or a compliance appraisal. There are a number of differences between these two types of valuations and the reasons why a business owner would get one instead of the other. Finding a quality liquidation company who knows the difference between the two is crucial in getting an accurate appraisal.
If you’re having a hard time figuring out what kind of appraisal you need just read the brief explanations below to see which best fits your personal situation and needs.
A market appraisal helps business owners to determine the worth of their business. This service could be required in the event that the business needs to be sold or if a bank needs to know the value in order to approve a loan. By assessing several factors including the businesses inventory, stock portfolio and worth of other similar businesses your liquidation company will be able to appraise the business.
The first main difference with a compliance appraisal is that the majority of the time they are performed in compliance with state or federal tax laws. In order to calculate owed taxes to the state and the federal government both entities must first know how much the business is worth as well as how much the business brings in annually. An experienced liquidation company like Ideal Trading can provide a fast and accurate valuation for this purpose.
With over 20 years of experience, the professionals at Ideal Trading are here to assist you with any of your business liquidation or appraisal needs.
For more information on the services offered by Ideal Trading please visit our website here. Or to contact us please fill out the Quick Contact form to the left hand side of your screen.