At Scotiabank, we can help you effect a smooth and successful transition from your business, and manage the proceeds of sale, whether you are transferring ownership within a family or otherwise.
Finding the right approach to exiting from your business will depend on your own expertise, the complexity of personal financial situation and the time and desire you have to manage your transition. Whatever you do, don't go it alone. There are many sources of objective advice you can turn to for help in creating and implementing an effective succession plan.
For additional information on business succession planning, you may want to visit these websites.
Canadian Association of Family Enterprise
The voice of family business in Canada, CAFÉ is dedicated to helping families build their business and provides some excellent succession planning resources.
Canadian Federation of Independent Businesses
With over 100,000 members, the CFIB has been representing small and medium sized businesses at the federal, provincial and local levels of government for over 35 years.
Canadian Institute of Chartered Business Valuators
The pre-eminent business valuation organization in Canada can help you find a Chartered Business Valuator.
Business succession planning can seem a little overwhelming, however the best time to take that first step is now. Arrange to speak with a representative who can help you get started or provide further information.