Who
can use the services of business evaluations?
The professional body that takes care of
business valuation process and any valuation matter which may lead to disputes or
needs valuation done that is acceptable in legal terms it’s a job of
professionals who are qualified Chartered Business Evaluator (CBV) to do the
job right and legally acceptable the professional regulatory legal body known as
“Canadian Institute of Chartered Business Valuators” in early 70’s it was
founded and since then they have produced many certified business valuators who
were from various accounting, finance and legal background to become a
qualified Chartered Business Evaluators (CBV) and are serving their clients even
better for all sort of business valuation across Canada.
All size businesses can take
services from valuation firms:
Weather it is a small size business or
large multi-million-dollar corporation weather it’s a private or public limited
company the valuation firms provide advisory and business valuation services to
their clients. Business valuation is no easy job it needs a team of
professionals in different domains and by using various valuation methodologies
the report is formulated after completion of due procedure and legal
documentation required for valuation.
The valuation is a complex
process.
In the evaluation process the “holistic
picture” of a business must be taken in account, in particular capital
invested, brand value, no of employees, management past performance, all
profitability indicators, intellectual property, market expectations, must be
considered to arrive at a conclusion. Every other evaluation is a new task and
must be dealt differently and once all data and facts are compiled with
relevance to the business and industrial line then it is possible to
substantiate and customize to the client’s need.
It is a job of CBV and require
expertise.
Every business is not the same even
though it seems same. The investment and profitability are different for all
businesses with intangible asset must be accounted for and its only possible to
adhere and stick to the stringent guidelines provided by the Institute of
Chartered Business for Valuation purpose once the rules and all steps only then
the firm can make a correct and unbiased reporting that will be impartial and
true presentation of business value.It has become a norm that all commercial
litigation matters must be addressed and go through the business valuator firms
and it is mandatory and legally required. It also includes matter like the sale
or purchase of a business, new acquisitions, new mergers, tax matters,
corporate restructuring matters, all estate related investment with investment in
process,planning related matters, shareholder related disputes, insurance and
personal injury claims, intellectual property disputes and even disputes over
assets valuation in a divorce case or partially owned property related civil
disputes.
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