Valuation Services in Singapore
Almost every organization is faced with the need to know the value of its assets to be its traditional assets, intellectual property, customer and supplier relationships, know-how or technology. Regulatory compliance requires both public and private companies to assess the fair value of recorded goodwill and identifiable intangible assets from time to time. And there comes a need for valuation services.
What Are Valuation Services?
Valuation is a technique whereby analysts estimate and determine the true and fair value of the assets. Valuing the assets of an organization is a tool that can be rewarding to the companies. If a company avails valuation services, be it for buying or selling of a property, taxation issues, rental functionality, or security of loans and mortgages, the in-depth understanding of its value could exploit value-adding opportunities and maximize its economic potential.
Benefits of Valuation Services in Singapore
There are many reasons why you should opt for company valuation services in Singapore. They are:
1. Better Knowledge of Company Assets
It is important to be aware of the accurate valuation of the company assets. Estimates are not acceptable as it is a generalization. Definite numbers need to be gained from the valuation process so that business owners can obtain proper insurance coverage and other financial know-how of the company.
2. Efficient Management of Tax-Related Transactions
A well-documented business valuation is an integral component of effective tax planning strategies related to a private business. For example, the income tax characterization of incentives to key executives as capital gains rather than ordinary income may be supported by tax planning structures that rely on sound valuations.
3. Protection of Business Value
A well-prepared valuation of the business will highlight strengths and weaknesses, providing businesses to work on their weaknesses and prevent further erosion of value. Similarly, threats to the business are also identified in the valuation process, providing an opportunity for the business owner to be proactive in meeting those threats.
4. Enhancement of Business Performance
The valuation process can be helpful in benchmarking, to assess the performance of the business in its execution of the corporate strategic plan. It can also help in providing clear performance metrics and promote accountability
5. Good Practice
For the entrepreneurs who run a business, having a clear idea of its financial worth is a good practice. Your business is an entity that is living; it will be squeezed by external economic factors but it will expand too. Understanding its value means you will understand your place in the market.
How Can an Advisor Help You Through the Valuation Process?
Having an advisor who has years of experience in this field and is trusted enough to reveal the company’s financial accounts, who can provide guidance on the factors that will have a positive impact on the company valuation is priceless.
The role of an advisor is to work with clients and clearly explain the valuation process, including the time and technique that will be used to determine the value of the business. There are many different circumstances that must be taken into consideration when having a valuation done, and the adviser should help clients to maneuver through what can often be a highly detailed and, at times, technical process. Once the valuation process has been completed an adviser will review the draft document, and may make edits to the document. Once reviewed, the final draft is sent back to the valuations firm to finalize and present the final document to the business owner.
We at Business Setup Worldwide can help your company in availing the valuation services and business advisory services. Our expert professionals in Singapore have years of experience in this field and endeavor to assist organizations in making well-informed business and investment decisions.
Our services include:
- Business valuation
- Intangible asset valuation
Contact us today, even if it’s for a bit of friendly advice.