Article: Business valuation myths.

The typical TV game shows only allow about 10 seconds for the contestant to give the right answer. Okay, try this quick quiz: What is the most valuable asset you own? Hands down, almost every business owner answers "my business."

Good! Next question: What's your business worth? Silence! Yes, hands down, the most common answer is no answer--given 10 seconds or 10 months.

So what happens in real life when those same business owners or their families must value the business? Hey, things happen...things like gifts of the family business, stock to the kids, death, requiring valuation for estate tax purposes, or divorce, where valuation becomes an expensive ...

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