Selling Your Business Doesn’t Mean You Qualify for the Small Business Capital Gains Exemption As a business owner, you may be aware that when you dispose of shares in your business, you could receive an exemption on all or a portion of the capital gains that ordinarily would be taxable. This is due to the Lifetime Capital Gains Exemption which … Read More
10 Strategies to Minimize the Emotional Toll of Selling Your Business
10 Strategies to Minimize the Emotional Toll of Selling Your Business Running a business is stressful. Selling a business can be equally daunting. It’s important to acknowledge and prepare for these changes as a former business owner. There are several similarities between business owners when dealing with company succession plans. There often isn’t a complete succession plan in place. There’s … Read More
How 6 Factors Will Help Your Business Survive and Thrive Through Succession Planning
For many entrepreneurs and business owners, their business represents their single largest asset. Depending upon the size of the business, it likely dwarfs the value of their home or other assets. Like selling your home, to attain the most significant selling price, you will have to invest some upfront time, money and energy into fetching the best asking price possible. … Read More
8 Tips To Make Your Family Business Succession Plans Successful
Family Business Succession Plans Strategies If you are an owner in a family enterprise, the likelihood of your business successfully transitioning to the next generations is not very good. This has not changed over the years. Statistics show a failure rate of: 67% of businesses fail to succeed into the second generation 90% fail by the third generation With 80% to … Read More