Regardless of the type of the transition, the critical components of any proper business transition plan include ensuring you clearly understand the timelines involved and that industry experts are consulted regarding the various aspects of the transition. Every business transition should include a wheelhouse of experts who can assist the business owner with accounting, legal, financial, and other specific elements. Depending on the type of industry, economic landscape and transition plan required, seeking out seasoned expertise could potentially save you hundreds of thousands of dollars in tax, while also increasing the likelihood of a successful transition.
Succession Matching has a partnership with Community Futures Saskatchewan. Together, we’ve put together an overview on selling your business, including a step by-step process for doing so successfully. Additional resources can be found on the tabs to the right. Paid members have access to additional resources, including a very helpful “Due Diligence Checklist.”
NEW Download this free step by step guide to selling a business.
Step By Step Guide to Selling a Business