Description
The document discusses business valuation, which is the process of determining the economic value of a business. It outlines several types of valuation approaches, including market-based, income-based, asset-based, and cost-based. The document also discusses protocols for business valuation in the US, the procedure for conducting a valuation, and common reasons to conduct a valuation such as for selling or buying a business, mergers and acquisitions, estate planning, and resolving legal disputes.