For family businesses that have never had an external valuation, there is likely to be some confusion as to what the process involves. In this article, we give a brief walk-through of the valuation process, from engagement through to issuance of the final report.

It is understandably frustrating for family business directors when the simple question – what is our family business worth? – elicits a complicated answer.  While we would certainly prefer to give a simple answer, the reality a valuation is attempting to describe is not simple.

Readers frequently request guidance on how to evaluate advisory firms. This series of articles presents information on how to interview and compare advisers in a variety of disciplines.