Small business owners say it’s best to have a plan well in advance of making a big change like ceding a business to someone ...

Mr. Morrow advises small business owners to start the process early: three to five years or more – and that’s in the case of ...

Fortunately, there are many options available today than there were 10 or 20 years ago. Today you have the choice to sell ...

Preparing to step away from a family business wit ...

Starting a small business is hard. Figuring out what to do with a small business when an owner is ready to retire can be even more difficult. Small business owners say it is best to have a plan well ...

Over two thirds (69%) of family business owners do not have a succession plan detailing what will happen to the business and ...

A streamlined sanity check that highlights the key areas every business owner should assess. If any of these points raise ...

Transition is inevitable; planning for it is essential. Whether you’re considering succession, selling, or passing your business to the next generation, having a well-crafted exit strategy can ...

SP: One distinguishing feature affecting Canadian law firm succession planning is the regulatory restriction on alternative business structures, or ABS, which precludes ownership by non-lawyers. As a ...

The tendency to fixate on financial structures rather than leadership preparation stems partly from the discomfort of ...

The most common options for exiting a business include creating a succession plan for a family member or someone already involved in the business; selling the business to an outsider; or simply ...