Business Succession Planning

Guidance for Your Business Transition

Business succession planning enables individuals to transfer ownership of their business successfully while minimizing personal risk. A well-thought-out succession plan enables business owners to transfer their business in a tax-effective manner.

There are several ways to pass on your business, including transitioning it to family members or selling it to a third party.

Ownership Transfer

Our knowledge and experience will help ensure a smooth transition. Our team is experienced in assisting clients with the various steps involved in business succession planning, including ownership transfers, sale of the business and assets, reorganization of corporate structure and navigating the tax implications.

Family Business Succession

Advising families and privately owned businesses, both small and large, on succession planning involves more than just understanding the law. We get to know you and your business to develop a plan that suits your unique needs.

Estate Freezes

We utilize family trusts, professional corporations, and estate freezes tailored to your specific needs to maximize tax savings and finance your retirement. When developing succession plans, we include reorganization of corporate structures and holdings to ensure the business is structured in a tax-efficient manner now and for the future.

Tax-Efficient Succession

Selling or transitioning your business can carry significant tax implications; therefore, by developing a succession plan early, you can ensure that you benefit from the tax advantages when you decide to sell, including maximizing personal capital gains exemptions.

Buy-Sell Agreements

These agreements should include dispute resolution provisions and mechanisms to address the death, disability, or bankruptcy of shareholders, ensuring smooth transitions when triggering events occur.