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Sell or keep it? That’s a key decision of business owners and largely dependent on whether there are family members who have demonstrated interest and /or been groomed to take over. If you are looking to transition your business to family, a business valuation will typically be used to assist in completing an estate freeze … Continued
Every business owner will exit their business either voluntarily through a planned departure (i.e. the passing of the proverbial torch to the next generation, or via a sale to a third party) or involuntarily through death or disability. Taking the time now to plan for this eventuality provides control and ensures that as an owner, … Continued
A 2012 report by economist Benjamin Tal stated that “Canadians over the age of 50 are the fastest growing segment of the startup population, owning nearly 30% of new businesses.” As baby boomers move towards retirement, those that have their own business need to start thinking about what they are going to do with what … Continued
Separating business needs from emotional responses. That’s the challenge facing family business owners…
A recent case study on Toronto’s Elixir Organic Spa reveals the challenges of finding buyers in an unpredictable economy.
Given the current economic climate, where we are seeing increased M&A activity within our client base, it is important for business owners to start to think about and focus on activities that they can undertake to enhance the value of their business.
This article appeared in Succession Planning, a publication of The Bottom Line & The Lawyers Weekly, vol. 3, no. 1, in 2013. One goal, different approaches A business sale is fraught with complex legal and accounting considerations, including valuation Buyers and sellers of businesses, beware: A cadre of professionals, including lawyers, accountants, business valuators and … Continued
Every business owner wants to reduce the tax they pay, but many have not created a plan that minimizes overall personal and corporate taxes for themselves or their families.