Did you know that you can recover up to $0.68 of every $1.00 in wages spent on qualified Research and Development activities? That’s a fantastic investment for your money!
Succession Planning
Secure the Future of Your Business with SBLR’s Succession Planning Services
Almost two-thirds of independent business owners in Canada are planning to exit their business within the next decade, but only 10% have a formal, written succession plan in place. This is a recipe for disaster.
At SBLR, we work with clients to help them explore their options for exiting the business so they can protect the value of their investment, minimize family discord, and pay as little tax as possible. Perhaps you’ll sell to an outside investor or a highly capable employee. Maybe you’ll pass the business down to your children. In any case, the best time to plan for your business succession is well in advance of your expected retirement date. Five years is good, ten years is even better.
Our succession planning services include:
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Identifying the needs and desires of key stakeholders (i.e. you, your business partners, your family members, key employees, etc.)
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Developing an action plan to increase the ‘transferable value’ of the business
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Addressing potential issues regarding family management succession
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Investigating the options for exiting the business (i.e. liquidation, transfer to family member, third-party sale or management buy-out)
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Strategic tax planning to maximize the proceeds of business disposition and after-tax cash to your family
For more information about succession planning with SBLR, or to schedule a complimentary consultation, please contact:
Jordan Gould, CA – Partner
416.488.2345 x 281
