Step 1: Complete Intake Form

In this initial step, we'll start by collecting information about the company's owners, business details and attributes about the business.

Company Owner Information

• Company Owner(s) Full Name(s)
• Company Owner(s) Title(s) i.e. President, Vice-President, Owner, etc.
• Company's Primary Address

Business Details

• Legal Business Name i.e. ABC, LLC
• DBA, if applicable
• Company's NAICS code(s) - you're NAICS code(s) can be found on your tax return. An accurate NAICS code is critical to the valuation. We use this code to conduct industry benchmarking as well as find comparable transactions. You can confirm the accuracy of your code on the NAICS Assocation website: www.naics.com/search/
• Company website, if applicable
• Entity type i.e. LLC, Partnership, C-Corp, Non-profit, etc.

Transaction History

• Transaction History: Has the business been previously appraised? If yes, when was the appraisal, what was the purpose and what's the valuation amount?
• Has the business received any written or oral offers in the last five years? If yes, Describe all written or oral offers received for the company in the last five years. Who were shares sold to? What was the price of shares sold? What was the percentage (%) of shares sold? What were the restrictions, if any? What was the reason for the sale? Terms and type.

Company Property

• Does the company own the land and/or building(s) it operates from? If yes, what is the value of the land and/or building(s) on your balance sheet? What is the total debt of the land and/or building(s) on your balance sheet? What would the market-based monthly rent be for your land and/or building(s) if you were leasing from a third-party?
• Does the company lease its operating space from a related party? Examples of a related party include owners, relatives, friends, or separate entities owned by owners, relatives, or friends. If yes, what is the company's monthly rent expense? What market-based monthly rent would be charged to a new owner if the land and/or building(s) is leased to them?

Company Forecast

• What do you think the business is worth?
• What is the forecast for annual revenues this coming year?

Company Attributes

• Key Attributes: Provide any information about key strengths or attributes of the business that we should know about that would positively impact the value of the business such as reoccurring revenue sources, long-term contracts with vendors/customers/, differentiated or A-rated customers, hard-to-replicate services or products, long-standing company history.
• Key Weaknesses: Provide any information that would negatively impact the value of the business such as high employee turnover, employee or inventory shortages, etc.

The financial information required for informational reports – Essentials and Standard - are identical. You can use the guide below to prepare your financial information for upload into BizWorth’s secure data collection portal.

Step 2: Upload Financials | Full-Service Option (Recommended)

1. Upload 3 Years of Financial Statements (or Tax Returns). You will choose to upload either financial statements (Profit & Loss Statement and Balance Sheet) or tax returns of the business for the last three full years. Tax returns are usually preferred if you are buying or selling a business; however, financial statements are usually preferred for strategic planning purposes. Consult with your advisor, lender, or CPA regarding their preference.
2. Upload Year-to-Date Financial Statements. You will also be asked to upload a year-to-date financial statement through the valuation date. Be sure the year-to-date financials are through the same valuation date. It is preferred to use a month-end, quarter-end, or year-end date when possible.
3. Upload Trailing 12 Months Profit & Loss Statement (optional). If your business is seasonal, then we highly recommend uploading a Trailing 12-Month Profit & Loss Statement. This will allow your valuation expert to better understand how to forecast revenue and expenses for the remaining months of the current year.

To ensure a swift turnaround, it's recommended to provide financial statements in Excel format with the Profit & Loss on one worksheet with the years in column format. The balance sheet will be on a separate worksheet with the years also in column format.

Step 2: Upload Financials | Self-Service Option (Default)

The Self-Service option is available only to members of BizWorth's Valuation Partner Program when ordering a report. It places the financial data collection process in the hands of knowledgeable and experienced member with specialized training.

In the Data Collection Portal provided to members, download and complete the Financial Intake Spreadsheet in lieu of uploading tax returns or financial statements. The Financial Intake Spreadsheet can be accessed through the information "i" icon at the top of the page. Members can also locate the spreadsheet under "Files shared with you," labeled "Financial Intake Spreadsheet." Once completed, be sure to re-upload the file in Excel format using the "Upload" button below for a seamless continuation of the valuation process. Refer to the FAQs in this section for a list of the information to be collected in the Financial Intake Spreadsheet.

Step 1: Complete Intake Form

In this initial step, we'll start by collecting information about the company's owners, business details and attributes about the business.

Primary Contact Information

• Primary Contact Full Name
• Primary Contact Title i.e. President, Vice-President, Owner, etc.
• Primary Contact Email and Postal Address

Business Details

• Legal Business Name i.e. ABC, LLC
• DBA, if applicable
• Company’s NAICS code(s) – you’re NAICS code(s) can be found on your tax return. An accurate NAICS code is critical to the valuation. We use this code to conduct industry benchmarking as well as find comparable transactions. You can confirm the accuracy of your code on the NAICS Association website: www.naics.com/search/
• Company website, if applicable
• Entity type, i.e. LLC, Partnership, C-Corp, Non-profit, etc.

Transaction History

• Transaction History: Has the business been previously appraised? If yes, when was the appraisal, what was the purpose and what the valuation amount?
• Has the business received any written or oral offers in the last five years? If yes, Describe all written or oral offers received for the company in the last five years. Who were shares sold to? What was the price of shares sold? What was the percentage (%) of shares sold? What were the restrictions, if any? What was the reason for the sale? Terms and type.

Company Background

• Provide a brief history/background of the company and why it was started.
• List the major historical events of the company.
• What is the current number of employees and the current number of contractors?
• What is the principal activity of the company?

Ownership

• Date and State of formation
• Partner/shareholder name, title and % ownership
• Partner/shareholder education, background and compensation
• Describe the subject ownership to be valued. Provide details about the ownership structure being assessed for valuation. For instance, if it's a controlling interest, clarify whether decision-making authority is held. Specify if there's eligibility to receive distributions and if day-to-day operational decisions are made by the ownership in question.
• Describe how the ownership interests of the other owners, if any affect the value of the practice. Explain how the ownership of other individuals, if there are any, influences the value of the business or practice. Share information about these other owners and how their ownership might affect the overall value. Consider factors like whether the business is owned by multiple people, the extent of their control over distributions and day-to-day decisions, and any restrictions on the ability to sell their ownership interests.

Related Party Transactions

• List all known related parties (that is, subsidiaries, affiliates, or relatives) that the company does business with. Examples include: The company employing friends or family of the owners. Renting space from an affiliate company or family member.
• List each location maintained by the company and the primary activity at each, that is, executive office, plant, sales office, etc.

Products & Services

• Describe your customers.
• Who are your top 5 customers and the annual revenues from each last year?
• Do you expect any changes to your top five customers and their associated revenues?
• Describe your market area or region.
• Describe your marketing and advertising strategy.
• Is your business cyclical or seasonal.

Competiton and Differentiation

• List the company's major competitors and provide their websites, if applicable.
• Hopw does the company compare in size and market share to its competitors?
• How easy is it to enter the indsutry? In your opinion, what are the barriers to entry?
• Describe the company's product/service differentiation from competiton.
• List the company's competitive strengths.
• List the company's weaknesses.

Management

• Who are the key management members? Provide name and title.
• What are their job responsibilities?
• What is their education and background?
• What is their compensation?
• Discuss any turnover in key members of management over the last five years.
• Describe employee benefits (insurance, stock options, profit sharing, etc.)
• Describe any employment contracts in place.

Operations and Facilities

• What is the capacity relative to the current operating levels? Are sales constrained by current capacity?
• How many shifts and days per week does the company operate?
• Is there excess capacity or excessive fixed overhead costs?
• Are buildings and/or machinery owned or leased?
• Is there any inefficient or obsolete equipment?
• What is the likelihood of major repairs?
• Does the company have any foreign operations?
• Discuss the effects of any existing or potential federal or state regulation or subsides on the company's operations.

Industry and Financial Information

• List the company’s NAICS codes. Your NAICS code can be found on your tax return. An accurate NAICS code is critical to the valuation. We uses this code to conduct industry benchmarking as well as find comparable transactions. You can confirm the accuracy of your code on the NAICS Association website: www.naics.com/search/.
• How is the business entity taxed? (Examples: Owner’s tax return, Partnership, S Corporation, Nonprofit, etc.)
• What is the fiscal year-end of the company?
• Are ongoing capital expenditure (i.e. major expenses) levels going to remain consistent or will there be a material increase or decrease?
• How much of the spend represents expansion versus replacement of existing assets?
• Describe the sources of credit and how they were used.
• Discuss any special stock rights, warrants, options, etc.
• Discuss the company's dividend history, if applicable.
• Is there any pending or threatened litigation?
• Who are your top 5 vendors?
• Identify primary discretionary expenses (including perks to company owners), total amounts of each and where they can be found on the income statement.
• Identify non-operating assets & liabilities (examples include cash portion of life insurance, vacant land, etc.).
• Are current appraisals of tangible assets available?
• Is the company carrying assets not in use?
• List and describe any leasing activities.

Step 2: Provide Financials

You can use the guide below to prepare your financial information for upload into BizWorth’s secure data collection portal.

1. Upload 3 Years of Financial Statements (or Tax Returns). You will choose to upload either financial statements (Profit & Loss Statement and Balance Sheet) or tax returns of the business for the last three full years. Tax returns are usually preferred if you are buying or selling a business; however, financial statements are usually preferred for strategic planning purposes. Consult with your advisor, lender, or CPA regarding their preference.
2. Upload Year-to-Date Financial Statements. You will also be asked to upload a year-to-date financial statement through the valuation date. Be sure the year-to-date financials are through the same valuation date. It is preferred to use a valuation date at month-end, quarter-end, or year-end date when possible.
3. Upload Trailing 12 Months Profit & Loss Statement (optional). If your business is seasonal, then we highly recommend uploading a Trailing 12-Month Profit & Loss Statement. This will allow your valuation expert to better understand how to forecast revenue and expenses for the remaining months of the current year.

To avoid a transcription fee, provide all financial statements in Excel format with the Profit & Loss on one worksheet with the years in column format, including the year-to-date financials. The balance sheet will be on a separate worksheet with the years also in column format.

Step 1: Complete Intake Form

In this initial step, we'll start by collecting information about the company's owners, business details and attributes about the business.

Primary Contact Information

• Primary Contact Full Name
• Primary Contact Title i.e. President, Vice-President, Owner, etc.
• Primary Contact Email and Postal Address

Business Details

• Legal Business Name i.e. ABC, LLC
• DBA, if applicable
• Company’s NAICS code(s) – you’re NAICS code(s) can be found on your tax return. An accurate NAICS code is critical to the valuation. We use this code to conduct industry benchmarking as well as find comparable transactions. You can confirm the accuracy of your code on the NAICS Association website: www.naics.com/search/
• Company website, if applicable
• Entity type, i.e. LLC, Partnership, C-Corp, Non-profit, etc.

Transaction History

• Transaction History: Has the business been previously appraised? If yes, when was the appraisal, what was the purpose and what the valuation amount?
• Has the business received any written or oral offers in the last five years? If yes, Describe all written or oral offers received for the company in the last five years. Who were shares sold to? What was the price of shares sold? What was the percentage (%) of shares sold? What were the restrictions, if any? What was the reason for the sale? Terms and type.

Company Background

• Provide a brief history/background of the company and why it was started.
• List the major historical events of the company.
• What is the current number of employees and the current number of contractors?
• What is the principal activity of the company?

Ownership

• Date and State of formation
• Partner/shareholder name, title and % ownership
• Partner/shareholder education, background and compensation

Related Party Transactions

• List all known related parties (that is, subsidiaries, affiliates, or relatives) that the company does business with. Examples include: The company employing friends or family of the owners. Renting space from an affiliate company or family member.
• List each location maintained by the company and the primary activity at each, that is, executive office, plant, sales office, etc.

Products & Services

• Describe your customers.
• Who are your top 5 customers and the annual revenues from each last year?
• Do you expect any changes to your top five customers and their associated revenues?
• Describe your market area or region.
• Describe your marketing and advertising strategy.
• Is your business cyclical or seasonal.

Competiton and Differentiation

• List the company's major competitors and provide their websites, if applicable.
• Hopw does the company compare in size and market share to its competitors?
• How easy is it to enter the indsutry? In your opinion, what are the barriers to entry?
• Describe the company's product/service differentiation from competiton.
• List the company's competitive strengths.
• List the company's weaknesses.

Management

• Who are the key management members? Provide name and title.
• What are their job responsibilities?
• What is their education and background?
• What is their compensation?
• Discuss any turnover in key members of management over the last five years.
• Describe employee benefits (insurance, stock options, profit sharing, etc.)
• Describe any employment contracts in place.

Operations and Facilities

• What is the capacity relative to the current operating levels? Are sales constrained by current capacity?
• How many shifts and days per week does the company operate?
• Is there excess capacity or excessive fixed overhead costs?
• Are buildings and/or machinery owned or leased?
• Is there any inefficient or obsolete equipment?
• What is the likelihood of major repairs?
• Does the company have any foreign operations?
• Discuss the effects of any existing or potential federal or state regulation or subsides on the company's operations.

Industry and Financial Information

• List the company’s NAICS codes. Your NAICS code can be found on your tax return. An accurate NAICS code is critical to the valuation. We use this code to conduct industry benchmarking as well as find comparable transactions. You can confirm the accuracy of your code on the NAICS Association website: www.naics.com/search/.
• How is the business entity taxed? (Examples: Owner’s tax return, Partnership, S Corporation, Nonprofit, etc.)
• What is the fiscal year-end of the company?
• Are ongoing capital expenditure (i.e. major expenses) levels going to remain consistent or will there be a material increase or decrease?
• How much of the spend represents expansion versus replacement of existing assets?
• Describe the sources of credit and how they were used.
• Discuss any special stock rights, warrants, options, etc.
• Discuss the company's dividend history, if applicable.
• Is there any pending or threatened litigation?
• Who are your top 5 vendors?
• Identify primary discretionary expenses (including perks to company owners), total amounts of each and where they can be found on the income statement.
• Identify non-operating assets & liabilities (examples include cash portion of life insurance, vacant land, etc.).
• Are current appraisals of tangible assets available?
• Is the company carrying assets not in use?
• List and describe any leasing activities.

Step 2: Provide Financials

You can use the guide below to prepare your financial information for upload into BizWorth’s secure data collection portal.

1. Upload 3 Years of Financial Statements (or Tax Returns). You will choose to upload either financial statements (Profit & Loss Statement and Balance Sheet) or tax returns of the business for the last three full years. Tax returns are usually preferred if you are buying or selling a business; however, financial statements are usually preferred for strategic planning purposes. Consult with your advisor, lender, or CPA regarding their preference.
2. Upload Year-to-Date Financial Statements. You will also be asked to upload a year-to-date financial statement through the valuation date. Be sure the year-to-date financials are through the same valuation date. It is preferred to use a valuation date at month-end, quarter-end, or year-end date when possible.
3. Upload Trailing 12 Months Profit & Loss Statement (optional). If your business is seasonal, then we highly recommend uploading a Trailing 12-Month Profit & Loss Statement. This will allow your valuation expert to better understand how to forecast revenue and expenses for the remaining months of the current year.

To avoid a transcription fee, provide all financial statements in Excel format with the Profit & Loss on one worksheet with the years in column format, including the year-to-date financials. The balance sheet will be on a separate worksheet with the years also in column format.

Step 1: Complete Intake Form

In this initial step, we'll start by collecting information about the company's owners, business details and attributes about the business.

Primary Contact Information

• Primary Contact Full Name
• Primary Contact Title i.e. President, Vice-President, Owner, etc.
• Primary Contact Email and Postal Address

Business Details

• Legal Business Name i.e. ABC, LLC
• DBA, if applicable
• Company’s NAICS code(s) – you’re NAICS code(s) can be found on your tax return. An accurate NAICS code is critical to the valuation. We use this code to conduct industry benchmarking as well as find comparable transactions. You can confirm the accuracy of your code on the NAICS Association website: www.naics.com/search/
• Company website, if applicable
• Entity type, i.e. LLC, Partnership, C-Corp, Non-profit, etc.

Transaction History

• Transaction History: Has the business been previously appraised? If yes, when was the appraisal, what was the purpose and what the valuation amount?
• Has the business received any written or oral offers in the last five years? If yes, Describe all written or oral offers received for the company in the last five years. Who were shares sold to? What was the price of shares sold? What was the percentage (%) of shares sold? What were the restrictions, if any? What was the reason for the sale? Terms and type.

Company Background

• Provide a brief history/background of the company and why it was started.
• List the major historical events of the company.
• What is the current number of employees and the current number of contractors?
• What is the principal activity of the company?

Ownership

• Date and State of formation
• Partner/shareholder name, title and % ownership
• Partner/shareholder education, background and compensation
• Describe the subject ownership to be valued. Provide details about the ownership structure being assessed for valuation. For instance, if it's a controlling interest, clarify whether decision-making authority is held. Specify if there's eligibility to receive distributions and if day-to-day operational decisions are made by the ownership in question.
• Describe how the ownership interests of the other owners, if any affect the value of the practice. Explain how the ownership of other individuals, if there are any, influences the value of the business or practice. Share information about these other owners and how their ownership might affect the overall value. Consider factors like whether the business is owned by multiple people, the extent of their control over distributions and day-to-day decisions, and any restrictions on the ability to sell their ownership interests.

Related Party Transactions

• List all known related parties (that is, subsidiaries, affiliates, or relatives) that the company does business with. Examples include: The company employing friends or family of the owners. Renting space from an affiliate company or family member.
• List each location maintained by the company and the primary activity at each, that is, executive office, plant, sales office, etc.

Products & Services

• Describe your customers.
• Who are your top 5 customers and the annual revenues from each last year?
• Do you expect any changes to your top five customers and their associated revenues?
• Describe your market area or region.
• Describe your marketing and advertising strategy.
• Is your business cyclical or seasonal.

Competiton and Differentiation

• List the company's major competitors and provide their websites, if applicable.
• How does the company compare in size and market share to its competitors?
• How easy is it to enter the industry? In your opinion, what are the barriers to entry?
• Describe the company's product/service differentiation from competiton.
• List the company's competitive strengths.
• List the company's weaknesses.

Management

• Who are the key management members? Provide name and title.
• What are their job responsibilities?
• What is their education and background?
• What is their compensation?
• Discuss any turnover in key members of management over the last five years.
• Describe employee benefits (insurance, stock options, profit sharing, etc.)
• Describe any employment contracts in place.
• Does the company have a board of directors? List the board members if applicable.

Operations and Facilities

• What is the capacity relative to the current operating levels? Are sales constrained by current capacity?
• How many shifts and days per week does the company operate?
• Is there excess capacity or excessive fixed overhead costs?
• Are buildings and/or machinery owned or leased?
• Is there any inefficient or obsolete equipment?
• What is the likelihood of major repairs?
• Does the company have any foreign operations?
• Discuss the effects of any existing or potential federal or state regulation or subsides on the company's operations.

Industry and Financial Information

• List the company’s NAICS codes. Your NAICS code can be found on your tax return. An accurate NAICS code is critical to the valuation. We use this code to conduct industry benchmarking as well as find comparable transactions. You can confirm the accuracy of your code on the NAICS Association website: www.naics.com/search/.
• How is the business entity taxed? (Examples: Owner’s tax return, Partnership, S Corporation, Nonprofit, etc.)
• What is the fiscal year-end of the company?
• Are ongoing capital expenditure (i.e. major expenses) levels going to remain consistent or will there be a material increase or decrease?
• How much of the spend represents expansion versus replacement of existing assets?
• Describe the sources of credit and how they were used.
• Discuss any special stock rights, warrants, options, etc.
• Discuss the company's dividend history, if applicable.
• Is there any pending or threatened litigation?
• Who are your top 5 vendors?
• Identify primary discretionary expenses (including perks to company owners), total amounts of each and where they can be found on the income statement.
• Identify non-operating assets & liabilities (examples include cash portion of life insurance, vacant land, etc.).
• Are current appraisals of tangible assets available?
• Is the company carrying assets not in use?
• List and describe any leasing activities.
• Describe relevant past and expected future trends for the company, such as growth pattern, expansion or cutbacks of business segments, possible spinoffs, mergers and acquisitions.
• Describe the company's future expectations, goals, objectives, and long-range plans in the areas of (1) projects and services, (2) marketing and customers, and (3) R&D and technology.

Additional Information

• Provide any available financial forecasts, and/or proformas.
• Provide any pitchbooks, presentations about the business or growth plans.
• List any comparable companies similar in the industry that have gone through capital raising.

Step 2: Provide Financials

You can use the guide below to prepare your financial information for upload into BizWorth’s secure data collection portal.

1. Upload 3 Years of Financial Statements (or Tax Returns). You will choose to upload either financial statements (Profit & Loss Statement and Balance Sheet) or tax returns of the business for the last three full years. Tax returns are usually preferred if you are buying or selling a business; however, financial statements are usually preferred for strategic planning purposes. Consult with your advisor, lender, or CPA regarding their preference.
2. Upload Year-to-Date Financial Statements. You will also be asked to upload a year-to-date financial statement through the valuation date. Be sure the year-to-date financials are through the same valuation date. It is preferred to use a valuation date at month-end, quarter-end, or year-end date when possible.
3. Upload Trailing 12 Months Profit & Loss Statement (optional). If your business is seasonal, then we highly recommend uploading a Trailing 12-Month Profit & Loss Statement. This will allow your valuation expert to better understand how to forecast revenue and expenses for the remaining months of the current year.

To avoid a transcription fee, provide all financial statements in Excel format with the Profit & Loss on one worksheet with the years in column format, including the year-to-date financials. The balance sheet will be on a separate worksheet with the years also in column format.