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Hi everyone.
I was wondering if you were to sell a sole proprietorship what do you think the value would be?
Would anyone be interested in doing an evaluation of a business (I can pay you). My mommom passed away and she owned a sole proprietorship. Now that she has passed and the will is 50/50 my mom and uncle he wants 1/2 of the value of the business. The attorney said to hire someone to come up with a value.
To sum it up in a nutshell we do not make a lot of money. I am sure this would be small to do. The 3 desks and 5 filing cabinets are trashed picked.
I am thinking that the business passed away with her. I had to get my own EIN, register with NJ, get fingerprinted, write a letter to the IRS why I have the same client list, and so on. None of the clients know my uncle he lives 16 hours away and worked in the army and lived in another country most of his life. I worked here with my mommom. If anyone came back it is because they knew I was here.
8 months now since she passed, and he is saying it is worth several hundred thousand dollars. The tax office would have been closed without the assistance of you guys from October-December trying to get my EFIN and taking all the steps needed so I could have done this.