For business owners, shareholders, and other stakeholders in a business, understanding the business’s worth and value is an important part of making decisions about the business’s future. At Allstate Appraisal, we provide services for business valuation and appraisal, Chicago, that are based on experience and best practices. If you need to know the value of your business, our team can help. Reach out to our professional valuation and appraisal team in Chicago directly at your convenience to learn more.
While the terms “valuation” and “appraisal” are often used interchangeably, the truth is that they are actually distinct from one another. An appraisal will provide information about the value or worth of a business, but it doesn’t usually have a strong legal standing. A valuation, on the other hand, can provide a definitive value that can be referenced for legal purposes, such as purchase agreements or legal disputes.
The important thing to know about both business valuation and business appraisal is that they both can provide you with information about the value of your business—information that can guide you in making decisions in the future.
A business valuation or appraisal may be sought out for a number of purposes, including making business decisions about products, employees and staff, services offered, expansion plans, etc. Most commonly, though, business valuation and appraisal are used for the following reasons:
There are three different commonly accepted ways of determining the value of a business. If you have questions about any of these methods, speak to a professional directly.
At Allstate Appraisal, we have over 60 years of experience working with businesses like yours. We are committed to providing credible, reliable, compliant, and accurate services for business valuation and appraisal. Chicago-based services for your business are available now. Call today to get started.
If you have a question or would like to place an order for an Appraisal or Review, please fill out the form below. Once you’ve submitted your order, someone from our office will contact you within 1 business day to confirm your order or answer any questions.