The Beal Blog:
Business insights, advice, and analysis

Bill C-208 – What It Means for You

Bill C-208 – What It Means for You

As a small business owner, you may have heard about some of the recent changes to our Canadian tax laws that stem from Bill C-208, a private member's bill that passed in the House of Commons recently. The bill, which was granted Royal Assent on Tuesday, June 29, has...

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Value vs. Price – What is the Difference?

Value vs. Price – What is the Difference?

In the context of business valuations, “Fair Market Value” is defined as the highest price that a business would fetch in an open and unrestricted market between informed and prudent parties, acting at arm’s length, neither party being under any compulsion to buy or...

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5 Common Mistakes When Selling Your Business

5 Common Mistakes When Selling Your Business

Selling your business to an external buyer can be a complex process, and any mistakes made throughout the process can easily jeopardize a successful sale. These are 5 of the most common mistakes we see sellers make when attempting to sell their business: 1. Not...

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Financial Statements – Selling Your Business

Financial Statements – Selling Your Business

Financial management is one of the top three internal deficiencies that can lead a business to bankruptcy, according to Statistics Canada.  Learning how to understand financial statements and ratios and they will provide insight into the health of your business and...

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What is Goodwill?

What is Goodwill?

If you are thinking about buying a business, it is likely that you have heard the term “Goodwill” used often, but may be wondering what exactly it is and how it will impact your business purchase. When buying a business, you typically pay a set amount for the entire...

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