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THE KAWARTHA FAMILY BUSINESS GROUP

THE KAWARTHA FAMILY BUSINESS GROUP. SUCCESSION PLANNING – WHAT IS OUR BUSINESS WORTH Presented by: William R. Blair, CA.CBV, Partner McColl Turner LLP, Chartered Accountants. Canadian Institute of Chartered Business Valuators Established in 1971

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THE KAWARTHA FAMILY BUSINESS GROUP

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  1. THE KAWARTHA FAMILY BUSINESS GROUP SUCCESSION PLANNING – WHAT IS OUR BUSINESS WORTH Presented by: William R. Blair, CA.CBV, Partner McColl Turner LLP, Chartered Accountants

  2. Canadian Institute of Chartered Business Valuators Established in 1971 Currently about 1,100 members across Canada

  3. Reason a Business Valuation is Required • Purchase or sale of a business • Shareholder or partner disputes • Family Law division of property • Litigation • Income tax reorganizations/transactions

  4. Business Valuations in Succession Planning • Arm’s length sale (advisory role) • Succession within the family (expert role)

  5. Typical Information Required to Conduct a Business Valuation • Five years of financial statements (historical) • Budgeted financial information • Corporate income tax returns • Analysis of non arm’s length or unusual revenue or expenses

  6. Review of legal agreements • Asset appraisals • Tour of facilities • Interviews with management • Research on industry

  7. The Process of Business Valuation • Normal time horizon • Costs • Use of experts (real estate appraisers, equipment appraisers, industry experts) • Independence of Valuator

  8. Business Valuations – The Approach • Financial Based • Assess risks and opportunities (internal and external) • Common Approaches • Asset based • Capitalized earnings or cash flow • Rules of thumb

  9. Goodwill • What is it? • How do we measure it? • Personal vs. Commercial

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