Unlocking Your Entrepreneurial Legacy BLOG
Are you an entrepreneur contemplating transitioning from your business within the next decade? Whether you envision a third-party sale, employee buyout, family succession, or even winding down, it's vital to approach this pivotal phase correctly.
Discover the art of optimizing your business's purchase price, orchestrating a seamless ownership transition, minimizing tax obligations, and establishing a robust foundation for yourself and your enterprise to thrive.
Within our platform, you'll uncover a treasure trove of ingenious strategies, insightful ideas, and invaluable tips aimed at propelling you and your business toward the finish line and far beyond it.
"Unlocking Success: 5 Key Questions to Ask When Selling Your Business"
Get valuable insights on selling your business. Explore key questions to address before selling, such as determining the right time, assessing personal readiness, understanding buyer preferences, increasing business value, and planning for life after the sale. Prepare your business for a successful transition and maximize its selling price. Don't overlook the psychological impact of letting go and transitioning to new ventures. Find answers to these important considerations to navigate the selling process effectively.
"Unlocking the Small Business Capital Gains Exemption: Is Your Business Eligible?"
Learn about the Small Business Capital Gains Exemption (SBGE) and the conditions that must be met for business owners to qualify. Understand the rules regarding ownership of shares and the use of corporate assets. Discover remedies for corporations that don't meet the 90% rule, such as purification and asset distribution. Be aware of the implications of selling shares to non-residents or public corporations. Obtain professional advice for complex planning and ensure compliance. Contact us for assistance and share this valuable information with others.