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Business ownership is complicated, particularly when there are a number of shareholders. The odds of disagreement and conflict can be very high. When shareholder relationships break down there should be a mechanism in place for dealing with the dispute and for enabling one or more of the shareholders to exit the business in a pre-determined manner. This mechanism should include agreement among the shareholders to obtain and review, on an annual basis, an independe...

Exit planning is essential if you want to maximize the value of your company prior to an actual sale or transition. Business owners should also have a formal exit plan in place to ensure there is a contingency plan in place in the event of death, divorce, disability, dispute, departure or natural disaster. Look no further than the current COVID-19 pandemic and its impact on so many businesses around the world. Having a formal exit plan in place provides you with the control to determine how a...

March 31, 2020   As a firm of professionally trained accountants and a legal and justice system professional service provider, Valuation Support Partners Ltd. (“VSP”) is considered an essential business and remains committed to providing you with continuous service during this unprecedented time. We do believe, however, that it is our firm's social responsibility to limit the spread of COVID-19 and ensure the safety of our team members, clients, family and friends.  As such, ...

Commercial disputes are very common and they will likely become much more prevalent in 2020 as the impact of COVID-19 on various businesses and business arrangements/agreements continues to unfold. Disputes can arise due to a breach of contract, breach of tender, breach of fiduciary duty, patent infringement, estate dispute, business interruption, product liability, shareholder dispute or any other form of dispute between businesses or shareholders. Chartered Business Valuators (CBVs) are ...

Divorce is not inevitable but it is also not improbable. According to Statistics Canada, approximately 38% of all marriages end in divorce. Many matrimonial divorces involve a family business that is the major source of funds/lifestyle for the family. The business can be put at risk if the divorce becomes highly contested and contentious. Depletion of financial resources combined with distractions and lack of focus/effort on the owner’s part can result in a forc...

“By failing to prepare, you are preparing to fail”- Benjamin Franklin

Business valuation is a vital component to an effective planning strategy.  It allows entrepreneurs to understand what drives the value of their company and implement key changes in their business model to prepare for the future.    Without a reliable third party valuation, the business owner may arrive at an unrealistic sense of how much the company is worth which will likely be at odds with what potential inves...

A business valuation can be your greatest ally to avoid expensive litigation affairs! In fact, more and more .    Why is business valuation important?  Oftentimes in partner, shareholder and matrimonial legal disputes, the value of a business is a major area of contention. The court may summon Chartered Business Valuators (CBVs) as experts to provide expert testimony ...

As a business owner, you naturally want to sell your business for the highest possible price. Your business represents your life’s work and getting a great price for it will help ensure you will be able to accomplish your goals in retirement.    Making cosmetic changes to a firm at the eleventh hour before putting it on the market can only end in disaster. has picked up im...

We completely understand.   You have a sentimental attachment to your business having built it from the ground up. But have you ever considered what potential purchasers see when they look at your business?   So let’s get down to brass tacks. What is the purpose of ? Business valuation is at the top of the age...