How do I value my small business for FAFSA forms?

Question

My son is applying for college and the financial aid forms ask for the value of my business. How do I estimate this? Can I use a multiple of sales? There are virturally no assets other than some furniture and old computers.

Answer 1

You could estimate what you really believe someone would buy the business for. If it's a business that's easy to start up, then I don't think you'd have to put a value on anything other than the assets.