Several studies have shown that 30% of business owners are considering retiring in the next decade and less than 10% have a formal business transfer agreement.
In light of this observation, Raymond Chabot Grant Thornton’s business transfer and succession experts participated in a series of activities to mobilize the business community, raise awareness and provide concrete tools to business sellers and successors so they can take action.
Éric Dufour, Regional Vice-President and National Leader, Business Transfers
$10,000 value prize to implement a succession plan
Teaming up with RDV Relève inc. for a second consecutive year, our people gave training and conferences in Montréal, Sherbrooke, Valleyfield and St-Jérôme. This week of activities ended with a Strategic Forum on succession. In addition to this involvement, Raymond Chabot Grant Thornton committed to a prize valued at $10,000 to assist in the implementation of a succession plan for the winner of the Business Transfer Challenge. The Board of Trade of Metropolitan Montréal and Fonds de solidarité FTQ presented these events. Two other RDV Relève inc. events will take place in the Québec City and Saguenay-Lac-St-Jean regions very soon. Moreover, on May 7, 2015, our partners gave a business succession conference explaining the programs developed by Raymond Chabot Grant Thornton to Outaouais business people in Gatineau. In short, during the week of May 4, more than 600 people overall were mobilized to address the major issue of Quebec’s business succession.
Ask Our Experts
To find out more, contact one of our business transfer and succession experts. They have supported more than 200 businesses in developing a succession plan: you can count on them to consider all the issues that apply to you.
20 May 2015 | Written by :