Machinery, Equipment, Goodwill
Values of tangible and intangible business assets
FMV - Fair Market Value for merging, loan request, raising capital, partnership or marital dissolution in Litigation or sale
Many clients are curious about the value, or how much your business may be worth in today's market. Most business owners do not know how to possibly value and price a business for sale; buying an existing business, research the possible market values before making an offer to purchase a business or a separation of partnership. You will need a business or a company valuation for legal; partnership, estate, Revenue Canada tax or financial reasons.
Business Evaluation Appraisals, including machinery and equipment; client lists, logos, trademarks, inventory and Goodwill are included in a business evaluation or business appraisal. The appraisal is an all-inclusive business appraisal of tangible and intangible assets of the business and its potential to earn profits in the opinion of the evaluations of a business Appraisal Expert. If your company is not a public traded company, the business evaluation appraisal will require an Accredited Appraiser to compile the history of your company and apply the correct methodology that is compliant with government excepted rules and standards. If the business is being sold, acquired, merging, seeking a loan, raising capital, or is involved in the partnership or marital dissolution, a business evaluation appraisal will be desired by an Accredited Appraiser who is also an Expert Appraisal Witness.
If the purpose for your business appraisal (listed above) has the slightest chance of entering into litigation your business evaluation appraisal needs to be prepared by an Expert Appraisal Witness that is qualified by the court to irrefutability defend your business appraisal. Because the business evaluation appraisal is not a science, but an professional opinion of a qualified expert you must consider the Appraiser doing the business evaluation appraisal, and their expertise before choosing a Business Evaluation Appraiser.
Probate - Proof of Wills
Equitable Distribution of assets
FMV - Fair Market Value for sale to 3rd party
Many clients are unaware that the Personal Property of an Estate must be inventoried and valued during the Probate process. This requires the services of a Certified and Accredited Personal Property Appraiser who must provide a value of the estate's contents as of the date of the descendants' death.
If this is not done in a timely fashion, the Estate may be rejected by the Provincial Court System. We are experienced in providing legal appraisals for the purposes of Estate Settlement and Probate and can assist you or your personal representative in their obligations involving Federal tax liability.
A trustee in bankruptcy (trustee) is responsible for administering the affairs of the bankrupt estate. This involves, inter alia, preparing an inventory of existing assets, releasing assets to the secured creditors, gathering and liquidating existing assets, reviewing claims to the assets, and paying dividends to creditors in accordance with the scheme of distribution in Section 136 of the BIA ( Bankruptcy and Insolvency Act ).
The federal Bankruptcy and Insolvency Act ( BIA ) and Companies' Creditors Arrangements Act ( CCAA ) are administered by the Office of the Superintendent of Bankruptcy ( OSB ) and the Courts respectively.
PersonalPropertyAppraisal.ca can provide Certified Canadian Personal Property Appraisals for TRUSTEES and for Individuals and or companies that have or considered filing for Bankruptcy in Canada. We are not Trustees, please contact your lawyer or Trustee for more information and direction.
Antiques, family heirlooms, art objects and collectable's can valuable assets. Unfortunately, most people rely on their homeowners insurance for protection against losses. Many are unaware that their policies usually exclude : Antiques, Coin Collections, Furs, and fine art objects.
To ensure complete Replacement Cost Coverage, you should have your Personal Property Appraised by a Certified and Accredited Appraiser. We specialize in providing Appraisals for purposes of Insurance Replacement often required in claims involving loss, moving damage, theft, damage or destruction from : fire, smoke or flood damage.
Before disposing of seized property, the Bailiff must hold it for five days. If the proper payment is made by the tenant in this five day period, the Bailiff is not permitted to sell the tenant's property. Otherwise, after the Accredited Appraisals are made, the property can be sold. There must be 2 Independent Accredited Personal Property Appraisals done before liquidation of the assets can be sold. This is the Law in all most every Province.
DESKTOP APPRAISAL
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