According to the International Glossary of Business Valuation Terms, goodwill is: “That intangible asset arising as a result of name, reputation, customer loyalty, location, products, and similar factors not separately identified.” It is really all the aggregate value of a business that exceeds the value of identifiable tangible and intangible assets. So when a business is valued…
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5 Financial Tips for New College Graduates
Congratulations to the graduating class of 2019! As soon as a new graduate switches his or her tassel to the other side of the cap, it’s time to plan for the future — and there’s more to do than finding a good-paying job. Smart financial planning in the first few years after graduation can make…
What is the Value of Your Business?
In the third quarter of 2017, more than 2,500 small businesses were sold. The median sale price was $225,000, up from $200,000 the year before.1 As a business owner, ascertaining the value of your business is important for a variety of reasons, including business succession, estate tax estimates, or qualifying for a loan. There are a…