Business Transfer: 7 Key Tips Part 2
201912.13
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Business Transfer: 7 Key Tips Part 2

Here is the second half of our article to help you build strong governance at all levels, for a smooth business transfer! To read part 1 of this article, click here.   4. Create a Transfer Management Team One of the main obstacles to a business transfer is the proximity of the transferor’s person to…

The Family Council
201911.19
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The Family Council

According to Emily Griffiths-Hamilton, author of Your Business – Your Family – Their Future, 70% of family businesses fail to transfer the business from one generation to the next. This means that only one company out of ten survives until the third generation! According to Ms. Griffiths-Hamilton, 60% of these failures are due to a…

The secret for a successful business transfer? Planning.
201911.12
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The secret for a successful business transfer? Planning.

Half of family business owners intend to pass their business on to family members, but 74% do not have a thorough or even a basic succession plan. In an article published on April 10, 2019 the website www.conseiller.ca reports that private and family businesses account for 60% of Canada’s GDP. Among family businesses, about half…