Are you planning to sell your business due to retirement, divorce, or health issues? Perhaps, you are planning for mergers or acquisitions? Whatever the reason you might have, performing business valuation services is the best way to know your business’ economic value.
Let’s take a look at some of the things you can do to prepare before getting business valuation services in Singapore.
1. Determine the Purpose of Valuation
Letting them know the purpose of the valuation will help them identify the level of information needed for the valuation report.
For example, you are planning to replace your old equipment with the latest technology available in the market. In that case, what you need to get is a plant & machinery valuation, it will help you know the number value, along with the ins-and-outs.
2. Financial Information
For a fair valuation, you have to prepare your business financial information: the statement and tax return from the previous three to five years, and the financial projections for the next three to five years. Usually, machinery valuation specialists ask these documents, so they could provide you with what will happen to your revenues and operations.
3. Compile Business Profile
They will also need to review your business’ profile and the industry you are in, so they can determine what value there is in your business. Here is a list of information you have to prepare:
History
Mission & Vision
Type of Industry
Ownership construction
Major Customers
Major Competitors
Major Suppliers
Intellectual property
Lawsuits (if there’s any in the last five to ten years)
Inland Revenue Authority of Singapore (IRAS) Report
Any charges against the company
4. Name the List of Advisors
Lastly, you have to provide the names and contact information of your business’ accountant, financial advisor, and attorney. These professionals can help the analyst go through smooth business valuation services.
If you are still looking for reliable business valuation services, you can contact Twin Pillar in Singapore. They can determine your business’ value relative to your situation or plan.
