Terms of Service

Effective date: January 1, 2025 — Last updated: January 1, 2025

These Terms of Service ("Terms") govern your use of the Simply Business Valuation website at www.simplybusinessvaluation.com and the business valuation services provided by Simply Business Valuation ("we," "us," or "our"). By accessing our website or using our services, you agree to be bound by these Terms.

1. Services Description

Simply Business Valuation provides professional business valuation reports for small and medium businesses. Our standard service includes:

• A comprehensive 50+ page business valuation report
• Analysis using multiple valuation methods (income, market, and asset-based approaches)
• Report prepared and signed by certified appraisers
• Delivery within 7 business days of receiving all required documentation
• A flat fee of $399 per valuation report

We reserve the right to modify our services, pricing, and delivery timelines at any time. Any changes will be communicated on our website and will not affect orders already in progress.

2. Payment Terms

Our valuation service operates on a pay-after-delivery model. You are not required to make any payment until you have received your completed valuation report. Key payment terms include:

• No upfront payment is required to begin the valuation process
• Payment of $399 is due upon delivery of your completed report
• We accept standard payment methods as communicated during the delivery process
• Failure to remit payment after receiving a report may result in account suspension and pursuit of collection

3. User Accounts and Portal Usage

To use our client portal, you must create an account by providing accurate and complete information. You are responsible for:

• Maintaining the confidentiality of your login credentials
• All activities that occur under your account
• Notifying us immediately of any unauthorized access to your account
• Ensuring that the information you provide is accurate and up to date

We reserve the right to suspend or terminate accounts that violate these Terms or that we reasonably believe have been compromised.

4. Document Upload and Retention

Our client portal allows you to securely upload documents required for your business valuation. By uploading documents, you acknowledge and agree to the following:

• You have the legal right and authority to share the documents you upload
• All uploaded documents are encrypted in transit using 256-bit SSL/TLS encryption
• Documents are stored in secure, non-publicly-accessible server directories
• All uploaded documents are automatically and permanently deleted 30 days after upload
• You are responsible for maintaining your own copies of all documents you submit
• We are not liable for any loss of documents after the 30-day retention period

Acceptable file types include PDF, DOC, DOCX, XLS, XLSX, CSV, TXT, JPG, JPEG, PNG, GIF, ZIP, and RAR. Individual files must not exceed 70 MB in size.

5. Intellectual Property

All content on this website, including but not limited to text, graphics, logos, design elements, and software, is the property of Simply Business Valuation and is protected by applicable intellectual property laws.

Upon payment, you receive a non-exclusive license to use your completed valuation report for its intended business purpose. You may share the report with your financial advisors, CPAs, attorneys, and other relevant parties. The valuation methodology, templates, and proprietary analysis frameworks remain the intellectual property of Simply Business Valuation.

6. Limitation of Liability

To the fullest extent permitted by applicable law:

• Simply Business Valuation shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of our services
• Our total liability for any claim arising from our services shall not exceed the amount you paid for the specific valuation report in question
• We are not liable for any decisions you make based on the information contained in a valuation report
• We are not responsible for delays caused by incomplete or inaccurate information provided by the client

7. Disclaimer

A business valuation report is a professional opinion of value, not a guarantee of price. Our valuation reports represent an informed estimate of a business's fair market value based on the information provided to us and established valuation methodologies. Key disclaimers include:

• The actual sale price of a business may differ from the appraised value
• Valuation conclusions are based on information available at the time of the report and assume the accuracy of that information
• Our reports are prepared for the specific purpose stated within the report and may not be suitable for other purposes
• Past financial performance does not guarantee future results
• We are not responsible for changes in market conditions, economic factors, or other variables that may affect a business's value after the report date

8. USPAP Compliance

Our valuation reports are prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) as established by The Appraisal Foundation. Our reports are designed to meet compliance requirements for:

• IRS and tax-related valuations
• ERISA and Department of Labor requirements
• Form 5500 and 401(k) plan compliance
• Section 409A stock option valuations
• Estate and gift tax purposes

9. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the United States. Any disputes arising from these Terms or your use of our services shall be resolved through good-faith negotiation. If negotiation fails, disputes shall be resolved through binding arbitration or in a court of competent jurisdiction.

10. Changes to These Terms

We may update these Terms from time to time. When we make changes, we will update the "Last updated" date at the top of this page. Your continued use of our website or services after any changes constitutes your acceptance of the revised Terms.

11. Contact Information

If you have any questions about these Terms of Service, please contact us at:

Simply Business Valuation
Email: james@simplybusinessvaluation.com