Calgary Business Succession Planning
There are different ways a business owner exits their business. The first is through the sale or transfer of their company. Other ways include premature death and disability. A proper succession plan addresses both desired and unforeseen events to minimize tax implications and ensure a smooth transition.
Business succession planning can be a complicated topic.
Similar to a retirement, there are many things to consider and one size fits all. Your company has a unique corporate structure, with its own set of business goals and desired exit strategy.
The best time to start thinking about the succession of your business is now. It is important to identify all of your options and protect against any unforeseen circumstances. Our Advisors can help you establish the right team to ensure a smooth transition out of your company. Whether that is selling to a third party, transferring the business to a family member, or selling the assets and winding up the business; we are here to ensure success and avoid unnecessary complications.