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Putting a value on your business is one of the most important things when looking for investor or a profitable sale. However, there are many common mistakes that are made when valuing a business.
A business is not only worth what someone will pay for it, but also taking into account the following:
– The historical account of the company;
– Potential for growing profit, as well as existing profit;
– Geographic location;
– Skills and experience of existing staff; and
– Your personal investment.
It is important to consult with a Florida Business Law Attorney to make sure all your Corporate documents are in order either before you sell or buy.
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