All sorts of events could trigger a need for a valuation; check with your accountant or lawyer whenever major changes occur within your business. You may need a valuation if you're--

  • Applying for credit or a loan
  • Seeking outside investors
  • Disputing the conclusions of an IRS audit
  • Conducting a major strategic-planning initiative
  • Planning for an initial public offering of stock
  • Doing estate or gift planning that involves company stock
  • Creating a company stock-option plan or other benefits plan that involves company stock (such plans also require routine subsequent "mini-valuations")
  • Breaking up a partnership
  • Getting a divorce
  • Entering bankruptcy
  • Selling the company or a division