Q: How to determine the value of a business thirty years ago?
someone almost thirty years ago gave (Probably, sold it.) someone a convenience store that did not
even have a one year leas left. We think the value of the business based on the fact that it did not even
have a year of lease left, in store sale and the inventory could not be more than 20-25 thousand dollar.
Now, this person is claiming the value of the bushiness to be $ 180,000.00. How could we prove what
he is saying is wrong? (what are the documents we should be asking from him to establish the correct
valuation on the business?), please help, thank you.
A:
This is really the territory of tax attorneys, business litigation attorneys, or sometimes divorce attorneys where spouses jointly hold interests in a business. But your question remains open for five weeks. There are companies and consultants out there that perform business valuations and that offer expert testimony in business valuation-based litigation. Good luck
Tim Akpinar
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