According to the International Valuation Glossary — Business Valuation, goodwill is: “That intangible asset arising as a result of name, reputation, customer loyalty, location, products, and similar factors not separately identified.” Put another way, it’s the aggregate value of a business that exceeds the value of identifiable tangible and intangible assets. So when a business is valued under either the…

If you’re a shareholder of a closely held corporation, you may be interested in converting your ownership interest into cash with a so-called “stock redemption.” That’s where your company buys back (redeems) some or all of your shares. If you’re interested in using this strategy, you should consider redeeming your shares while the individual federal…

When owners and managers receive business valuations, the first thing they typically do is flip to the conclusion to see what it’s worth. Often, little attention is given to the analyses underlying the final number, especially if the report was prepared for internal planning or financial reporting purposes. But it’s always a smart idea for…