Purchase or sale
A value indication for a buyer or a vendor, including the conversation about share versus asset deals. See also buying a business and selling a business.
Services · Business Valuation
Chartered Business Valuator (CBV) in Toronto
Independent business and securities valuation. Amir Rosenthal, Chartered Business Valuator, works from Toronto with clients across Ontario.
Business and securities valuation
A valuation is a conclusion tied to the company’s accounts, contracts, and risks, written so counsel, a counterparty, or a court can follow the reasoning. That is the work of a CBV who also practises as a CPA.
Who needs a business valuator?
Owners and their advisers usually need a business valuator when value has to be agreed or proven: buying or selling a business, an estate freeze or other reorganization, a separation or divorce, a shareholder dispute or buy-out, a loss claim, or a question from the CRA about the value used in a transaction.
Shareholder and partner disputes
Oppression, shotgun, buy-out, and deadlock files where the parties do not already agree on value. See shareholder dispute valuation. Related forensic accounting may sit on the same matter when loss or tracing is also in issue.
Corporate reorganizations
Estate freezes, internal reorganizations, and related-party transfers that need a supportable value at a stated date. See estate freeze valuation and lessons from Goudreau v. The King.
Family law, insurance, and estates
Business interests in a family-law context, insurance and business-interruption questions (damages and expert reports), and estate planning or administration.
Standards of value, in plain language
Every engagement answers a defined question of value. Fair market value is common for notional transactions; other standards appear in statutes, shareholder agreements, or court directions. The standard, the valuation date, and the intended users are set before analysis begins so the report answers the right question.
Levels of report
A CBV may prepare a conclusion of value—a fuller opinion with more procedures and support—or a calculation engagement that applies agreed procedures and produces a calculated value with more limited assurance. Purpose, timeline, and how the work will be used decide which level is appropriate. That choice is discussed before an engagement letter, not after the draft.
Related accounting support lives on the Ontario accountant, Toronto accountant, and North York accountant pages. Litigation, forensic accounting, and expert-witness work are available where a file requires them. See services. For background reading, see Goudreau v. The King: estate freeze and valuation lessons and incorporating in Ontario: when it makes sense.
Business valuation questions
What does a Toronto valuator actually deliver?
Depending on the purpose, a valuation engagement can range from a reasoned conclusion of value in a formal report to a more limited calculation. The standard of value, the date, and the audience drive the scope. Amir Rosenthal is a Chartered Business Valuator and discusses scope before work begins.
When do private companies in Toronto need a valuation?
Common reasons include buying or selling a business, a shareholder or partner dispute, a corporate reorganization, family-law property issues, insurance or business-interruption claims, and estate planning or administration.
What is a “standard of value” in plain language?
It is the definition of value the report is answering—for example fair market value for a notional transaction, or another standard required by a statute, agreement, or court. The standard, the valuation date, and who will rely on the work are fixed before analysis starts.
What is the difference between a conclusion and a calculation?
A conclusion of value is the fuller CBV product: more procedures, more support, and a formal opinion. A calculation engagement applies agreed procedures and produces a calculated value with more limited assurance. Which is appropriate depends on purpose, timeline, and how the report will be used.
Is this independent of the accounting work?
Valuation opinions have to be independent in fact and appearance for the purpose they serve. Where Amir already acts as accountant, conflicts and safeguards are considered up front. Some files are appropriate to keep; others are not. That conversation happens before an engagement letter.
Do you value early-stage companies as well as established ones?
The practice works with private companies and start-ups. Early-stage files are taken on when there is enough information to support a professional conclusion or calculation. Not every idea-stage company is ready for a formal valuation.
How does valuation relate to forensic accounting?
Some disputes need a value at a date; others need loss quantification or tracing. Forensic accounting and valuation can sit on the same matter when both are required. See the forensic accounting page for disputes, investigations, and litigation support.
How is a valuation engagement started?
A complimentary introductory discussion is the usual first step. Call 416-955-0637 or email amirrosenthal@grunco.com with the purpose, the date of value if known, and who will rely on the work.
Complimentary discussion
If you already know the purpose and the date of value, mention them when you call or write.