I am pleased to announce the development of a new website devoted to the topics of business valuation and appraisal: Appraising a Fair Value for a Business with Goodwill.
Generally accepted accounting principles do not provide anything but very general guidance on establishing the value of business goodwill. Business goodwill is almost never reflected on the balance sheets of closely held firms. And yet for many small and medium sized service businesses goodwill is their largest asset. My new site is devoted to addressing the thorny topic of business goodwill and how to value it.