Tax Talk Podcast

How to Value Your Business | Justin Lamb | EP 028

โ€ข Jared Pilon โ€ข Season 1 โ€ข Episode 28

On this episode, Jared chats with Justin Lamb.

Justin is a Chartered Professional Accountant, Chartered Business Valuator and a founding partner with Jones & Lamb LLP.

Since 2014, Justin has been working in the field of financial litigation support and business valuation. In early 2022, Justin and his business partner, Mark Jones, started Jones & Lamb LLP in Edmonton, AB.

Jones & Lamb LLP was founded with the vision of creating value through innovation. They strive to provide value by blending subject matter expertise with their data science and programmatic toolkits, creativity and by striving to make the complex appear simple.

 

Some of the topics discussed in the episode:

๐ŸŽ™๏ธ How can I adjust my business so it is run in a way that is consistent with how an armโ€™s length party would run it?

๐ŸŽ™๏ธ Whatโ€™s the difference between redundant and operational assets?

๐ŸŽ™๏ธ Am I overvaluing my operation?

๐ŸŽ™๏ธ How do I make the appropriate adjustments in valuing my operation?              

๐ŸŽ™๏ธ Are there additional costs that a potential buyer could expect in the future that arenโ€™t reflected in my financial statements?

๐ŸŽ™๏ธ What do my financial statements show about the value of my business?

๐ŸŽ™๏ธ Do you have any tips for small business owners who are thinking about selling their business?

 

If the listeners want to touch base with Justin, you can find him through the following links:

Justin Lamb

Jones & Lamb LLP

780-554-4323

justin@joneslamb.ca

https://www.joneslamb.ca/

 

#podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #valuation #litigation #financials #cbv #cpa

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Music: English Breakfast, Jobii from Epidemic Sound

https://www.epidemicsound.com/track/7emX18vZqh/

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