Succession planning: maximizing value, common pitfalls and tax implications

Join TD, KMB Law, and MNP for a practical discussion about exiting your business and common pitfalls to avoid as you prepare to sell or transfer to the next generation. Together, we’ll walk through the entire succession process — stopping at critical points to ensure you’re ready to embrace the next chapter of your business journey.

Our discussion topics will include the following:

• Increasing enterprise value and key strategies to improve profitability: A long-term path to profitability is critical for maximizing your succession options. We’ll look at the steps you can take to ensure your finances are predictable, sustainable, and on a trajectory that will benefit you and your potential successors.
• Common mistakes sellers make while selling their business: You’ve put everything into your business, and it’s easy for emotions to get in the way of good judgment when it’s time to sell. We look at common pitfalls you need to be aware of and proven steps you can take to avoid them.
• Tax planning opportunities when exiting your business: Selling to a family member or an arm’s length party can be done tax efficiently — if you properly structure your business and the transaction. We’ll highlight these opportunities along with the planning you’ll need to maximize your savings throughout the process.

Register now