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Synopsis

As the first wave of Canadian baby boomers retire over the next fewyears, succession planning will be vital for the long-term survivalof many businesses. Canada is about to see a huge transfer ofwealth from this generation to the next, yet many businessesstruggle to ensure a smooth transition of business management andownership. For family-owned companies, the ramifications may beeven more sweeping. The personal issues they face, compoundingother day-to-day business concerns, range from planning for incometaxes to maintaining interpersonal relationships with familymembers.

A good succession plan will manage a range of issues, such aspeople and talent, family dynamics, corporate structure, estateplanning, insurance and share transfer, to name just a few. WhoWill Take Over the Business? is for any business owner whowants to retire, sell, or transfer ownership of their business. Itis designed to guide business owners through a comprehensive andstrategic approach to the business succession process to ensurethat the transition is carried out as smoothly as possible. WhoWill Take Over the Business? is a must-have resource for everyCanadian business owner.

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