Business Owner Sale of Business
For Business Owners considering selling their business now or in the future, it is vital to assemble the appropriate team for your specific needs. We act as the quarterback to our Business Owner clients, helping to source the ideal team of experts required tailored to each specific sale.
We commonly assist our Business Owner clients with understanding what buyers are looking for, as well as how to obtain proper confidentiality before exchanging any information. Increasing the value of the business can be strategically done, ideally five years in advance of a planned sale. Reviewing financial and organizational factors can also help with a smooth transition, and clarify what may need to be restructured or strategically planned in advance.
One of the most important aspects of selling a business is in the valuation. There are several different types that can offer different values. Working with the right professional that is familiar with industry and economics of the particular business may offer much insight regarding the valuation. Once the comprehensive valuation report has been developed, bringing in additional Specialists to help minimize taxes when you sell can be most beneficial.
Often times, it is prudent for the Business Owner to receive a second opinion on tax strategies regarding the sale of the business as this is a highly complex planning need. We partner with top Tax and Legal Professionals in Alberta whom solely focus on advising in the area of Corporate Tax Planning.
Structuring the sale, whether it be shares or assets of the business can also have a significant impact on the amount of tax owing and whether or not one can qualify for the Lifetime Capital Gains Exemption. Again, our Tax Professional partners are highly qualified to have a detailed conversation on this.
Finding multiple buyers is advantageous to the Seller of course. Having the right Advisor on side for Negotiations and completing Due Diligence can potentially go a very long way to help maximize the value at closing.