How can a Calgary financial planner prepare my business for succession or sale?

For many business owners, the enterprise represents the greater part of their net worth, and its transition is the most consequential financial event of their lives. Preparation ideally begins three to five years in advance, well before a buyer or successor is identified. A financial planner works alongside your accountant, legal counsel and valuation professionals to address:
  • the structure of the sale or transfer, and the tax consequences of each alternative
  • access to the lifetime capital gains exemption, including for family members where appropriate
  • estate freezes and family trusts that shift future growth to the next generation
  • the reinvestment of sale proceeds to sustain your lifestyle for decades
  • continuity for the business and alignment within the family