Your local starting point
A business valuation starts with the reason you need it. Whether you are considering a transaction or discussing an ownership change, connect with a CPA to explain the intended use, identify the records involved, and agree on the type of work to be prepared.
Explain the proposed change and who will use the valuation before discussing the engagement.
Share the business background and any requirements already supplied by the other professionals involved.
Ask for the specific financial periods, ownership documents, and operating information needed for review.
Make a connection
1 member to exploreContact businesses directly to confirm service area and availability.
Based in: Garland, Texas
Full-service accounting firm offering a broad range of services for business owners, executives, and independent professionals.
A little preparation goes a long way
Tell Vick and Grohman what prompted the valuation conversation: a possible sale, an ownership discussion, a financing request, or another business matter. Identify who expects to use the work and whether that person has supplied specific requirements. The firm lists business valuation among its services. Ask how the assignment would be scoped for your circumstances, what information will be considered, and how assumptions or limitations will be explained in the finished work.
Ask which financial periods and operating records the CPA wants to review. Be ready to describe the business, ownership, major changes, and unusual events that may need explanation. Discuss the format of the final deliverable and whether follow-up conversations with another professional are included. Keep an agreed list of missing items so requests do not get lost between teams. If existing records need organizing, explore small business accounting as a separate conversation before committing to a valuation schedule.
Good questions. A clearer next step.
A few things to know as you explore your options.
Discuss your purpose with the CPA. Explain the decision you are considering and ask what work would be useful for that particular conversation.
Ask how the CPA explains the intended use and limitations of the work. Discuss any transaction expectations separately with the professionals handling the transaction.
Clarify the report format, intended users, assumptions, questions covered, and whether meetings or additional explanations are included in the proposed fee.
Keep it local
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