In most cases yes and for good reason. When you sell a less than controlling position of your firm, that “portion” is no doubt worth more now than when you formed the company. And if you sell another “portion” in say two years from now, it may well be worth more than the portion you sold this year. In business, things and value, change. And the best way to keep in touch with your business value is with a professional business valuation. It’s also a good idea to have your valuation up-dated regularly.
If I’m only going to sell a minority portion of my business do I need a valuation?
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