How long is a business appraisal good for before it needs to be updated or redone?
The determination of value for a business is always done as of a specific date; however, the final opinion of value most always considered historical information as well as the future projections about the subject company and its industry. Each day there could be slight medications of value due to changes in the capital structure of the company; however, in general practice, if there are been no significant changes in the operations of the business or its capital structure, annual updates may satisfy most uses of the appraisal report.
