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After years of working to build your business, you may find yourself looking forward to retirement or a new career. Before you decide to sell, it’s a good idea to estimate what your business is worth. This will help you plan for your future – and capture the best selling price.
To get started, look at your business through the eyes of a buyer. To get this perspective, there are three main business valuation approaches to consider:
Similar to a house that is up for sale, it’s important to make sure your business appeals to potential buyers. There are many steps you can take to make your business more attractive before an appraisal:
The sale and transition of your business is a process that can take time, but you can get ahead by planning early. By taking the right steps and seeking help from valuation professionals, you’ll be better prepared to get the right price for your business.
The Wells Fargo Business Insight Resource Center offers free access to one of the most extensive online offerings of advice and information to help manage and grow your business.
Information and views are general in nature for your consideration and are not legal, tax, or investment advice. Wells Fargo makes no warranties as to accuracy or completeness of information, does not endorse any non-Wells Fargo companies, products, or services described here, and takes no liability for your use of this information. Information and suggestions regarding business risk management and safeguards do not necessarily represent Wells Fargo's business practices or experience. Please contact your own legal, tax, or financial advisors regarding your specific business needs before taking any action based upon this information.
Wells Fargo & Company or its affiliates do not provide tax advice. Please see your tax advisor to determine how this information may apply to your own situation.