If you are selling a consulting business, you would likely use an asset-based valuation method to determine the business value.

Question

Quizplus · Accepted Answer

An asset-based valuation is typically used for businesses with significant tangible assets. Consulting businesses often rely more on intangible assets like expertise and client relationships, so income-based or market-based valuation methods are more appropriate.

If You Are Selling a Consulting Business, You Would Likely