knowledge. tools. resources.
Succession Success
Succession planning is critical for Canadian business owners to ensure a smooth transition when exiting their business, whether due to retirement, health issues, or other reasons.
Succession Success is designed to educate and equip business owners with the knowledge, tools, and resources to properly plan, develop, and implement basic succession plans.
register nowLearn from experienced professionals, including accountants, lawyers, business valuators, and business brokers.
Access tools, templates, and local resources to support business owners in developing personalized succession plans.
Program Outline:
Secure your business’s future, protect your legacy, and ensure stability for employees and communities.
According to the Canadian Federation of Independent Business (CFIB), only 9% of small business owners have a formal succession plan, while 76% intend to exit their businesses within the next decade. Proactive planning is crucial to safeguard business legacies and the $2 trillion in assets at stake.
Succession Success is structured to provide a step-by-step approach, combining theoretical knowledge, practical tools, and real-world examples. The program covers key steps like identifying successors, valuing businesses, navigating legal and tax considerations, and preparing for emergencies.
Program delivery & resources:
Includes 6 expert lead virtual seminars, templates, and access to local resources to support business owners in developing personalized succession plans.
Expected outcomes:
- Participants will develop knowledge of the core components required for effective succession planning
- Acquire the understanding of how to create a basic succession plan tailored to their businesses
- Increased awareness of tax, legal, and ownership considerations
- Enhanced confidence in managing business transitions
- Strengthened local business community through networking
Succession Success Seminars:
Seminar #1: Introduction to Succession Planning
Objective: Understand the importance and scope of succession planning.
Seminar #2: Identifying Potential Successors
Objective: Evaluate options for transferring ownership or management and how to execute successfully.
Seminar #3: Valuing Your Business
Objective: Learn why valuation matters and the methods to accurately value the business.
Seminar #4: Legal Considerations
Objective: Provide a clear understanding of legal frameworks, and key documents.
Seminar #5: Tax and Estate Planning Considerations
Objective: Introduce tax and estate planning for succession, ensuring tax minimization, CRA compliance, and a cost-effective business transfer.
Seminar #6: Expert Panel Discussion & Q&A
Objective: Recap key insights, outline practical steps, and address open questions with clear answers.
