Discussions can involve:

  • Determining how much you would need to be able to step away from the business or practice and retire comfortably.
  • Estate equalization solutions to help you bequeath an equitable amount to each of your offspring when some of them are involved in your business and others are not.
  • If you are not transferring the company or practice to a family member, working with BMO Private Wealth business succession planners, estate planners and business valuation experts to help you find the right buyer to get the best value for all your sweat equity:
    • Hire business valuators to assess the value your business
    • Prepare your business or practice for sale
    • Plan for a smooth succession to help you get the best possible return for the time and sweat equity you have invested:
      • Interview and consult with prospective buyers, and
      • Guide you through negotiations and provide insights on what to look for.
  • Once the business or practice has sold or transferred, we will help you to:
    • Create a reliable income stream for retirement from the proceeds of your liquidation event.
    • Transition smoothly from driving forward as a business leader or professional to moving actively into the next phase of life.
    • Transfer your wealth to your heirs tax-efficiently.