Mississauga Business Succession

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MISSISSAUGA BUSINESS SUCCESSION PLANNING LAWYER

Effective business succession planning begins many years in advance of your actual exit from the business and with skilled and knowledgeable professionals.

Business succession planning is really about preparing your business for its future sale or transfer, allowing you to exit the business exit with the highest return from your efforts and investment while having confidence in the business' continued operational success.

What is amazing about succession planning is how little time and preparation is often dedicated by the current ownership to its pursuit.  Instead, far too many owners simply believe that the value is there and they will be able to take it when they decide to retire or pursue an alternate venture.  That is rarely, if ever, the case.  Effective succession planning requires considerable preparation that should begin many years in advance of the actual transition.  It transforms an operational business into a transitional business, which is tweaked and modified to obtain the most value from its disposition.

By waiting until the last minute to transition out of your business (which is a horrible plan given all the time and effort you've expended to make the operational business a success), you will in most cases be taking a massive cut in your realizable financial return.  It is astonishing how much upside business owners throw away because they fail to adequately plan their exit years-in-advance.  Advanced planning that is undertaken with the right team of experienced professionals (lawyers, accountants, investment advisors, business consultants), whose knowledgeable advice is implemented, pays serious financial dividends.

For more information or to schedule an appointment with Mississauga business lawyer Christopher Neufeld, call 905-616-8864 or email Chris@MississaugaBusinessLawyer.com.  

 

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Mississauga Business Lawyer Christopher Neufeld is a corporate solicitor admitted to practice law in both Ontario and New York State.  Christopher's legal practice focuses on business law, in particular corporate commercial transactions. Providing legal services to the Regional Municipality of Peel, including Mississauga, Brampton, Caledon, Streetsville, Clarkson, Bramalea, Port Credit, Cooksville. The content of this website is purely for informational purposes and should not be relied upon - as you should consult a lawyer with respect to the specifics of your particular matter.  Please review our legal disclaimer and privacy policy prior to contacting us and be advised that contacting us does not create a lawyer-client relationship. COPYRIGHT 2009-10.

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