Ownership Succession Plan for Family Business

Plan for the future of your small business - learn what you need to know about Business Succession Planning in Canada with this 8-page expert guide.

The guide describes the different types of business structures under Canadian laws, the pros and cons of each type of corporate entity. In addition, it discusses:

• how to extract value from your business,
• corporate investing,
• exit strategies,
• family businesses,
• tax planning and estate freezes.

Business Succession Planning in Canada is intended for Canadian businesses and is provided in PDF format.

Sell your business to an employee with this downloadable Agreement for Purchase of Business as Going Concern.

• The Agreement for Purchase of Business as Going Concern is a great succession planning tool if you have no family members able or willing to take over the business.
• The transaction will take place upon the winding up of current business operations by the present owner.
• The agreement terminates the employee's employment, and establishes an agency relationship between the employee as buyer and the owner as seller with respect to ongoing contracts and obligations of the business.
• The buyer, as agent for the seller, will pay the outstanding liabilities and will perform any required warranty or service work under existing contracts with clients.
• This is a generic legal contract template which does not contain references to the specific laws of any country or jurisdiction.

Plan for the future of your business with this 8-page guide entitled Succession Planning 101 - Building 'Success' Into Your Succession Plan.

• events that trigger a succession crisis,
• various succession planning options, including passing the business on to family members, senior management, or outsiders,
• common mistakes and pitfalls,
• a checklist for doing it right.

Get expert advice with this valuable guide, written by a lawyer who specializes in succession planning.

"Succession Planning and the Family Business" will guide you through the issues to consider when planning your succession ⁄ exit strategy so that you can retire and pass on your business to the next generation.

• examining the reasons for leaving the business to family members,
• the most common mistakes in family-based succession plans,
• determining what is best for succeeding generations,
• tips for a successful succession plan.

Every family business should have a succession plan in place. This expert guide, written by a lawyer who specializes in succession planning, is a great tool to help you build yours.