What makes a business valuation defensible for Arkansas owners?
Considering all three approaches, income, market, and asset-based, and documenting why any was rejected, per IRS guidelines and professional standards. Reviewers commonly flag reports that skip that explanation, and workpapers must trace the path from financial data to concluded value.
Where do valuation multiples actually come from?
From transaction databases like DealStats (formerly Pratt's Stats), BIZCOMPS, and GF Data recording real deal prices and terms, plus guideline public company data. That evidence base is what separates a valuation from a broker's rule-of-thumb estimate.
What valuation date applies to a business in an Arkansas divorce?
There is no single statutory date. Arkansas courts generally value marital property based on the evidence at the time of the divorce hearing, with discretion to choose another date to reach an equitable result, so the engagement should confirm the date with counsel before work begins.
When are Arkansas personal property taxes on business assets due?
Between the first business day in March and October 15 each year under A.C.A. §26-26-1408. Counties also require personal property taxes to be paid before they will accept most real estate tax payments, so the deadline effectively gates both bills.
Does a home-based Arkansas business change how property is assessed?
Yes. Household property normally escapes assessment, but anything used to produce income, from equipment to furnishings in a home office, loses that exemption and must be listed as commercial personal property on the business form. The distinction turns on use, not location.