Comment on If your business is worth 1 million dollars, does that make you actually worth a million dollars?

If your business is worth 1 million dollars, does that make you actually worth a million dollars?

I'm asking because my marketing firm (according to 3 online calculators anyway) is worth between 900k-1.1 million. I'm not planning on selling or getting investors, but is there some way to actually get an official evaluation? If so, what are the benefits of doing this? Can I use it as collateral or are there any other potential situations you'd use that information?

 

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