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Multiples are often used if a business is being valued through a market-based or aread more
When we are valuing a company and are presented with financial statements, typically we ask the owner questions regarding their business operations. We try to obtain information beyond financial dataread more
When we perform a valuation of a business, in essence we are determining the fair market value (“FMV”). Under valuation terms, FMV is defined as: "The highest pricread more
As a result of tax planning arrangements, we often see preferred shares in privately held companies. These tax planning arrangements may provide a way of distributing the company’s profits to a sharread more
Businesses require in one way or another customers to generate revenue. Some businesses only have a handful of customers (where each customer may contribute a substantial portion of the business’ earead more
When clients engage us to perform a valuation of their business, generally clients are most interested in the dollar value of the business. A valuation report, however, presents much more valuable infread more
When a company is sold for an amount above and beyond the value attributable to the company’s net tangible assets and identifiable intangible assets, this premium is what is known as goodwill. A taread more
When operating a business in a single industry over a period of time, business owners often develop a gut feeling as to what their business may be worth. This intuition may arise from discussions withread more
As business valuators, we see valuations prepared by business owners or their non-valuation trained advisors. These often reduce the valuation to a number-crunching exercise and contain similar mistakread more
Valuing a business can be a confusing, complicated process for business owners and their advisors. There can be many different methods and rules-of-thumb for specific situations. Here are a few core cread more
CPA, CA, CBV
Partner - Advisory Services
Mike has over 25 years of experience providing accounting and business advisory services, with a focus on the Canadian insurance industry.
CPA, CA, CBV
Alex Wong is a partner at Smythe Advisory and is focused on being a trusted business advisor to his clients.
CPA, CA, CBV
Director of Valuation Services
Paul Woodhouse focuses on providing financial advisory and litigation support services to clients.
Gagandeep specializes in M&A advisory engagements, as well as business valuations in the contexts of management buyouts and succession planning.
Arthur’s mandate is to assist Smythe clients in Western Canada in preparing for and executing business divestitures or acquisitions.