As you might imagine, Business Appraisals are a complicated business. There are different kinds of appraisals for different circumstances.

The vast majority of business purchases are defined as “asset” purchases. On some occasions, a buyer will actually buy the stock of the corporation. For our purposes here we will outline an Asset Purchase transaction showing what the buyer obtains when buying a business. (For discussion purposes only. This is NOT legal or accounting advice.)

When it comes to buying or selling a business, many people ask the same question first. “Do I really need a broker?” It is a fair question. On the surface, it seems possible to handle it yourself. After all, you built the business. Or you know how to negotiate. Or you want to save the commission. What most people underestimate is not the paperwork. It is the risk.