Business Valuation offers the client an independent assessment or appraisal of the current Fair Market Value (FMV) of a business entity. A business valuation report ("bus val" or "biz val") is an essential component of many key financial transactions. Due diligence in preparation for a business merger or acquisition always benefits from a professional business valuation. Bank loan applications sometimes require a business valuation as part of the documentation. Tax issues, especially those related to estate planning decisions or inheritance, depend critically upon a precise and reliable business valuation. Business valuation can also provide essential evidence for use in litigation support and other legal proceedings.