2020

Goodwill – High Court of Australia

Commissioner of State Revenue and Placer Dome Inc [2018] HCA 59

Business Valuations & Divorce

Don’t let This Happen to You.

Sham Business Valuations are Unbelievable.

This can happen to you. And it happens far too often.

Business Valuations based on ‘Market Value’ need Market Evidence

“The use of market-based inputs should be maximised” (IVS 2017) in business valuations. Reconciling business information against market evidence is essential if a realistic assessment of business value is to be determined. It brings ‘practical reality’ to the valuation work in our view and ensures compliance with the Standards governing the report.

You Will Find ‘Armchair’ Business Valuations ‘Don’t Cut the Mustard’.

It has long amazed me that people are happy to accept business valuations that are done from the isolation of a desk and from never seeing the physical business.

Your Choice of Report Determines Its Usefulness.

Opinions of the value of a business can extend from a chat amongst friends, colleagues or advisers through to a detailed investigation and analysis of the business’ physical nature, financial records, market evidence and the application of widely recognised and applied techniques.

Get Valuation Standards Agreed to Before Work Starts

Just about everyone has a differing view on the value of a small business. And just about everyone has a different way of forming that view. There can be as much argument about the way a small business is valued as that of the view or opinion formed itself.

Business Valuation – Purpose is Important

Business valuations are usually sought for decisions to be made. The decisions usually will change to financial positions of those associated with the business concerned. Decisions could relate to anyone of a number of issues: