Tel: 437-221-7174
Tel: 905-830-1315

Address

BMO Nesbitt Burns
16775 Yonge St
Suite 221
Newmarket, ON
L3Y 8J4
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Contact Us

Business Succession Advisory Services

We will work with you and the BMO Business Advisory Team to create very detailed business or practice succession plans. Our considerations can include: 
  • Calculating how much you would need to be able to step away from the business or practice and retire.
  • Estate equalization solutions to help you bequeath a fair amount to each of your children, whether they are involved in your business or not.
  • Liaising closely with your accountant, we will coordinate your tax planning, estate planning, family trusts, wills, second wills for your company or practice, and more.
  • We provide services you will need if your kids are not able to, or interested in, taking over the business:
    • Help hiring business valuators to assess the value your business (at least a ballpark number to use in wealth planning).
    • Guidance in finding the right buyer to get the best value:
      • Assistance to interview and consult with prospective buyers.
      • Guidance in negotiating.
      • Insights on what you should look for.
    • We will help you to prepare the company for sale to maximize its worth. 

The BMO Business Advisory Team can assist you with multiple considerations, including:
  • Planning before ownership transfer, sale or transition
  • Education on the sale process
  • Pre-sale strategies and structuring
  • Insights on industry trends and values
  • Transaction planning and support
  • Potential risk exposure
  • Buy-sell agreements
  • Blue-sky multiples and underlying factors
  • Valuation considerations and insights
  • Macroeconomic indicators
  • General advisory, exit strategies and risk management
  • Sophisticated wealth transfer, estate and succession planning strategies