Axiom Presentation on What Is Your Company Worth to YEO Forum Covers Oft-Neglected Reason to Value
Wakefield, MA – Roger Winsby, President of Axiom Valuation Solutions, spoke to a Young Entrepreneurs’ Organization session in Boston on the topic of What Is Your Company Worth. Although the audience consisted of entrepreneurs under the age of forty who have no near-term plans to exit the business, the topic of valuation was very relevant to their current decision-making.
One of the frequent early stage decisions for a company is to convert from C corporation to S corporation status. Mr. Winsby noted that in the process of this conversion many companies are not advised to or are reluctant to have the business valued as of the date of conversion. However, if the company is sold, or if an owner divorce or owner buy-out triggers a stock sale prior to ten years after the conversion date, the owner(s) will need to know the value as of the conversion date to properly determine the taxes owed. The company is taxed on the Built-in Gain for the portion of the value created while the company was a C corporation.
About Axiom Valuation Solutions
Axiom Valuation Solutions is a leading national provider of business valuation services based in Wakefield, MA. Its clients come primarily through referrals from professional advisors, including CPAs, financial advisors, and attorneys. Axiom Valuation offers competitively priced, certified business valuations for use in IRS gifting and estate tax filings and in litigation cases; and a unique service designed and priced for business owner planning applications: an accurate value estimate documented in a customized 50+ page report using the most accurate method of business valuation. For more information visit www.axiomvaluation.com.
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