Richter > A change in shareholders is coming. How can I make this easier?

A change in shareholders is coming. How can I make this easier?

Quote of the day
" When valuing a business, you need to be able to look past the numbers. You need to identify the value drivers that will allow the business to compete, to grow and to generate free cash flow well into the future. "
Andrew Michelin CPA, CA, CBV, CFF
Partner

Your goal

Changes are happening in my business and it means parting ways with a shareholder, and/or onboarding a new one. How can I make the transition a smooth one for everyone involved, while at the same time ensuring that I’m protecting myself and my business?

How we can help

They say there’s strength in numbers. Partnering can be a great experience, but that’s not to say there won’t be bumps in the road. Perhaps you no longer share the same business vision, you now find yourself at a different stage or with different goals.

Maybe you’re expanding and need to add talent, or one of your children is ready to join the business.  In every scenario, positive or otherwise, making sure you and your business are protected should always be a priority.

When everything is running smoothly it’s the ideal time to plan for a day when that may not be the case.

Shareholders’ agreements and/or shareholders’ disputes

It’s a good idea for your shareholders’ agreement to include provisions dealing with the valuation of the business in different contexts that could arise (for example, termination of employment, death, disability or the desire of one shareholder to leave the company). These provisions can help companies avoid costly and disruptive shareholder disputes.

Where shareholder disputes do arise, a professional valuation can help resolve the dispute thereby avoiding litigation or protracted negotiations that could be disruptive to the business. If the dispute cannot be resolved outside the Courts, our valuations will provide objective, independent evidence leading to a fair and equitable decision with respect to value.

Employee share purchase and option plans (ESOPS)

ESOPS – including employee share purchase plans, employee stock option plans, and more creative vehicles, such as phantom stock plans – are becoming increasingly common. These plans present valuation challenges in respect of their administration, the preparation of the financial statements of the issuing company, and tax planning for the beneficiaries (i.e. the employees).

Meet our experts

The people behind the expertise.

Ian Weinstein

CPA, CA, CBV
Ian Weinstein is an easy-going, team player that brings a creative and practical approach to his clients’ needs. Whether it’s a transaction advisory or valuation mandate, Ian’s vast skill-set offers a well-rounded perspective.

Claude Lessard

CPA, CA
A man of genuine experience and profound expertise, Claude Lessard has worked in financial services for over 25 years. As Richter’s CFO, he is head of the Finance Function and takes a leading role in Richter’s business improvements process.

Vanessa Velentzas

CPA auditor, CA
A big-picture thinker who is well known at Richter for her analytical, organized and detail-oriented thinking, Vanessa Velentzas is calm under pressure, resourceful, and has the kind of work ethic that makes her a favourite with clients. While she is a perfectionist, she is also witty and sociable, so working with her is always an agreeable experience.

Josee Delli Colli

CPA, CA
Cheerful and lively, but calm under pressure when it counts, Josee Delli Colli is a quality professional whose expertise extends beyond service lines into emerging technology. Josee is a firm leader in this space and is driven to help Richter adapt to processes and platforms which will increase efficiency, productivity, and client service.

Clayt Cornell

CPA, CA
Whatever the challenge may be, Clayt Cornell is full of practical, pragmatic solutions. He is also someone who prides himself on attention to deliverables and seamless execution.

Guy St-Georges

CPA, CA, CFF, CFE
Working with Guy St-Georges is a real pleasure. He is a dedicated team player who makes sure that everyone’s talents are employed to the maximum. Guy is also someone who takes his clients’ needs very much to heart. He wants them to be confident that he is their go-to guy, and to this end goes all out to meet their expectations.

Asif Mohammed

MBA, CISA, CRISC
Composed, yet infectiously lively, Asif Mohammed is known for sharing his professional insights with passion and vigour.  He always makes a point of developing genuine connections with colleagues, clients, and almost everyone he meets.

Natasha Lobo

CPA, CA
The very definition of a hard worker, Natasha Lobo goes about her job with quiet determination. Her clients know that they can rely on her and her team knows that she is there when they need guidance and reassurance.

Sudharshan Sathiyamoorthy

Ph.D., MBA
Approachable and insightful, Sudharshan Sathiyamoorthy brings an incredible academic pedigree and a wealth of practical due diligence experience to Richter Family Office.

David Lachmansingh

CISA, CISSP, CRISC, Splunk Certified Administrator
David is passionate about making sure his clients succeed. An inveterate enthusiast, he helps his clients become more innovative and effective in their operations by evaluating and adopting the right cutting edge technologies to meet their needs.

Matthew Goldsmith

CPA, CFE
Matthew Goldsmith’s approach to work is action-oriented, responsive and attentive. He is absolutely committed to the success of his clients. Something of a human-Swiss Army Knife, he is extremely versatile and is able to demonstrate strong leadership and intimate knowledge of his mandates.

Warren Levine

CPA, CA, MBA
When Warren Levine undertakes a project for a client, you can be sure that he will do everything possible to optimize that project’s results.

Bradley Zrihen

CPA
Dedicated and committed to his client’s needs, detail oriented while able to maintain a clear view of the bigger picture, Bradley Zrihen has a flexible and creative approach to his work.

Justine Delisle

CPA, CA, Pl. Fin.
Justine Delisle has a work style based on excellence, empathy and experience. She enjoys teaming up with people with different fields of expertise for collaborations that provide unique, lasting results. She describes herself as having a holistic perspective on situations and challenges, one that helps her provide personalized solutions for her clients.

Martin Gilbert

LL.B.
Calm, business-oriented, and creative in his approach, Martin Gilbert says that working as closely as he does with clients has given him a refined approach to communications and service excellence. This, along with his sense of humour, makes Martin a real pleasure to work with.

Clayton Spahn

CPA, CA
Passionate about everything he does, Clayton Spahn is experienced and naturally instinctive when it comes to separating fact from fiction pertinent to the mandates he oversees. Hard working and honest, he prides himself on presenting ideas in clear and easily understood language, and thinks creatively in order to find the right solution at the right time for his clients.

Greg Moore

CFA
Accomplished, driven, yet known for his kindness, Greg has big ideas that match the scope of his ambition. A great people connector he loves to build durable, effective business relationships. His enthusiastic nature means that he is ready to jump whole-heartedly into every project he takes on.

Jenny Cheong Hin

With Jenny Cheong, it’s all about positivity. Calm, patient, caring, reliable, and dedicated to the firm and her staff, she brings a wide range of desirable qualities to the work environment. A hard working, determined team player, she is an outstanding mentor and an inspiration to all.

Laurent Carlier

CISA, CRMA, CISSP, ASC
Laurent is known for his calm, serious, approach to work, but it is also common knowledge that he knows when to apply a lighter touch. Organized and meticulous, he is a star when it comes to finding comprehensive solutions to complex problems.

Andrew Michelin

CPA, CA, CBV, CFF
This most affable of colleagues, Andrew applies his quick wit, intelligence and smarts to every aspect of his work.
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