Family business succession

Transferring a business from one generation to another, or to internal stakeholders, can involve a number of considerations and objectives not necessarily the same as with a sale to an unrelated third party. We understand the nuances and the possibility of varying objectives and aim to provide advice and direction for practical results.

Some of the things we do for our clients:

Provide advice and direction for overall business succession planning.
Assist with structuring and consider corporate vehicles, trusts, etc. as appropriate.
Integrate with your succession plans with your estate planning including updating your will if needed.
Assist you to comply, and negotiate as applicable, with third party requirements such as franchisor agreements and lending arrangements.
Consider and advise on the implications of Canadian tax laws and work to structure your plans to achieve tax efficiencies.
Create all applicable documentation including inter-family purchase and sale agreements, shareholder agreements, etc.
Assist you to execute all documents give effect to the planning.

See our other service areas – Business acquisition and sales, Corporate law, Estate planning, Tax planning and dispute advice.