Succession Planning

Whether selling business shares to a partner, selling the business outright, or transferring the business to family members, business owners must carefully examine issues and opportunities related to succession planning. Blackfish Accounting recommends the business’s current and future financial picture be closely reviewed to simplify the succession planning process. In particular, attention should be paid to investigating tax implications, how the transition between managers will go, and what the value of the business is in the current market – both financial and in terms of goodwill.

To learn more about how Blackfish Accounting can help evaluate options for selling the business, hire and train key personnel to replace long-term managers, or smoothly transition the business from one family member to another, phone 604-437-1978 or contact us.