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December 2016

Redundant Assets

By Abhi Mathews CBV, CFA

Redundant assets are those that are not required to operate the business and can be withdrawn without an impact on operating cash flows. These are assets which are excess to the Going Concern Value of the operating assets of a business. The key takeaway is that extracting the identified redundant assets from the business do not affect the return or the risk related to the business operations.

May 25, 2017

Marketability Discount - Mandelbaum Factors

By Abhi Mathews CBV, CFA

Generally larger in absolute value in the U.S. than in Canada, the marketability discount is a discount on the common shares of a business that are not publicly traded, reflecting a lack of liquidity, or the difficulty in selling the shares on the market. This discount typically ranges from 5 – 50% and is often based on the Mandelbaum factors (Bernard Mandelbaum, et al v. Commissioner of Internal Revenue). This case laid out 10 factors that one should consider in determining the appropriate marketability discount on private company common shares.

September 3, 2017

Blatherwick v. Blatherwick - Family Law Valuation Inner Workings

By Abhi Mathews CBV, CFA

Having worked in various professional firms, I recently discovered that one of the files that I worked on, recently, garnered national media attention and commentary from various family lawyers.

December 11, 2017

Intellectual Property - Georgia-Pacific Factors

By Abhi Mathews CBV, CFA

No business is free from contentious issues, including from within the company. While companies started by a family, friends, or even long-time associates, may run smoothly for a while, a shareholder should never assume that issues will not arise. If a company has more than 1 shareholder, even if it is family members: a shareholders' agreement is a necessity.

March 28, 2018

Shareholders' Agreements - Business Valuation Considerations

By Abhi Mathews CBV, CFA

No business is free from contentious issues, including from within the company. While companies started by a family, friends, or even long-time associates, may run smoothly for a while, a shareholder should never assume that issues will not arise. If a company has more than 1 shareholder, even if it is family members: a shareholders' agreement is a necessity.