tangor - 11:43 pm on Mar 13, 2010 (gmt 0)
There are Assets and Liabilities. Liabilities cover all expenses involved in maintaining business (which includes draws, salaries, costs, materials, accounts receivable, etc.). Assets are either fixtures, vc capital, or income. Subtract Liabilities from Assets to determine Net Worth. Whoever buys the site will have their own liabilities to continue operation. So the question is which valuation? Gross or Net Worth?