Business Transfers

Business transfer

A business transfer is not a typical sale

  • How can I chose someone trustworthy?
  • How can I transfer my business without creating discord within my family or staff?
  • Is transferring my business to a stranger more profitable?

The business transfer and the succession are part of a package that favours a successful transition. Regardless of whether you are a seller or a buyer, your concerns, your experience and your intuition will take you out of your comfort zone and, at some time, you will ask yourself if this is really the right thing to do. Don’t be afraid. This is entirely normal. That’s why it is important to consult experienced people to guide you in your approaches.

In a context where only three out of ten businesses survive a business transfer, it’s essential to be well-prepared to ensure the sustainability of your business, based on a succession plan:

  • Plan at least two years ahead;
  • Cover the human, fiscal, legal, strategic and financial aspects.

To do this, you need to work with professionals who will adapt their interventions to assist you.

A personalized and successful approach for the seller, the buyer and the organization must include:

  • A multidisciplinary team to assist you with the human, strategic, financial, and legal aspects throughout the process
  • A collaborator who supports you and serves as contact point with specialists
  • A balanced approach between the seller and the buyer to align your visions
  • A phased retirement to ensure effective knowledge transfer and provide access to cash resources for other projects

Contact our expert in your region or call us at 1-844-390-4300.