Secure Your Future
Beyond Your Business
Business Succession Planning For
Entrepreneurs in the Greater Toronto Area
Secure Your Future
Beyond Your Business
Business Succession Planning For
Entrepreneurs in the Greater Toronto Area
The Challenges of Selling Your Family Business
Delaying Planning for Your Exit Could Impact Your Future
Recent research shows that:
76% of family business owners plan to transition their business in the next decade, but only 9% have a written plan in place. Over 50% feel the next generation is unprepared, and 39% worry they're not interested.
Three in four family business owners plan to retire, and 30% see their business as a primary source of retirement funds.
70% of business transitions fail!
Given what's at stake, it is crucial to be aware of some of the challenges.
Finding a suitable buyer
Next generation preparedness
Selling at fair value
Managing tax consequences
Creating a lifetime income stream
Protecting family legacy
Any delay in planning can have long-term unwanted ramifications. We can help you navigate the complex world of transitioning your business.
The Challenges of Selling Your Family Business
Delaying Planning for Your Exit Could Impact Your Future
Recent research shows that:
76% of family business owners plan to transition their business in the next decade, but only 9% have a written plan in place. Over 50% feel the next generation is unprepared, and 39% worry they're not interested.
Three in four family business owners plan to retire, and 30% see their business as a primary source of retirement funds.
70% of business transitions fail!
Given what's at stake, it is crucial to be aware of some of the challenges.
Finding a suitable buyer
Next generation preparedness
Selling at fair value
Managing tax consequences
Creating a lifetime income stream
Protecting family legacy
Any delay in planning can have long-term unwanted ramifications. We can help you navigate the complex world of transitioning your business.
The Greater Toronto Area
Business Succession Planning Team
Professionals | Educators | Public Speakers | Authors
You’ve built a successful business; we help with what happens next. Our practice has served family businesses accumulate wealth and transition successfully since 1993.
Our corporate, tax and estate lawyers, wealth managers, financial planners, actuaries and business financing professionals helped countless clients successfully transition their businesses using our technology driven SuccessWise360 process.
Let us help you sell your business or transfer it to family members, plan for retirement, and protect your wealth. Contact us to achieve your business succession goals.
Corporate Wealth and Business Succession Planning
We are an integrated team of seasoned professionals, with a focus on value, downside protection and tax minimization.
To know more about us, click here.
The Greater Toronto Area Business Succession Planning Team
Professionals | Educators | Public Speakers | Authors
You’ve built a successful business; we help with what happens next. Our practice has served family businesses accumulate wealth and transition successfully since 1993.
Our corporate, tax and estate lawyers, wealth managers, financial planners, actuaries and business financing professionals helped countless clients successfully transition their businesses using our technology driven SuccessWise360 process.
Let us help you sell your business or transfer it to family members, plan for retirement, and protect your wealth. Contact us to achieve your business succession goals.
Corporate Wealth and Business Succession Planning
We are an integrated team of seasoned professionals, with a focus on value, downside protection and tax minimization.
To know more about us, click here.
SuccessWise360 For Business
Planning to sell your business or keep it in the family – are you sure you’re ready? We can take your financial equation and crash-test it on paper.
1. ASSESS
We start by conducting a thorough evaluation of your business and personal situation and ensure we have a clear understanding of your needs and objectives before proceeding to the next stages.
2. STRATEGIZE
At this stage, we leverage our technology and expertise to compare possible scenarios and arrive at a tax-efficient and risk-managed strategy focused on maximum value, while crash-testing for every downside.
3. EXECUTE
In the final stage, we execute a step-by-step transition and succession plan that aligns with your personal and financial objectives. We then follow up with monitoring changes and adjusting your plan as needed.
With our technology driven SuccessWise360, our team will help you make informed choices at the right time and secure your best outcomes without second guessing.
SuccessWise360 For Business
Planning to sell your business or keep it in the family – are you sure you’re ready? We can take your financial equation and crash-test it on paper.
1. ASSESS
We start by conducting a thorough evaluation of your business and personal situation and ensure we have a clear understanding of your needs and objectives before proceeding to the next stages.
2. STRATEGIZE
At this stage, we leverage our technology and expertise to compare possible scenarios and arrive at a tax-efficient and risk-managed strategy focused on maximum value, while crash-testing for every downside.
3. EXECUTE
In the final stage, we execute a step-by-step transition and succession plan that aligns with your personal and financial objectives. We then follow up with monitoring changes and adjusting your plan as needed.
With our technology driven SuccessWise360, our team will help you make informed choices at the right time and secure your best outcomes without second guessing.
Business Succession Planning Guide
Download our Free Guide and Learn How to Prepare
Get Your Copy Now!
Business owners sometimes say, “My business is not complex or big enough to warrant a written succession plan.” But quite often this is not the case – when a plan is implemented, its value is maximized even before it is truly needed. Think about it. If we do not worry about creditor protection until there is a known creditor threatening to sue, or we do not plan for the succession of the business until there is a medical emergency, fewer planning opportunities may be available. Our free guide, "Business Succession Planning" offers valuable insights and practical tips to help you navigate this important process.
Business Succession Planning Guide
Download our Free Guide and Learn How to Prepare
Get Your Copy Now!
Business owners sometimes say, “My business is not complex or big enough to warrant a written succession plan.” But quite often this is not the case – when a plan is implemented, its value is maximized even before it is truly needed. Think about it. If we do not worry about creditor protection until there is a known creditor threatening to sue, or we do not plan for the succession of the business until there is a medical emergency, fewer planning opportunities may be available. Our free guide, "Business Succession Planning" offers valuable insights and practical tips to help you navigate this important process.
See the Difference a Successful Business Transition Can Make
When it comes to what happens next, it’s important to understand that everything is connected.
Outcomes of SuccessWise360 in action:
Peace of mind
Independence
Clarity
Assurance
See the Difference a Successful Business Transition Can Make
When it comes to what happens next, it’s important to understand that everything is connected.
Outcomes of SuccessWise360 in action:
Peace of mind
Independence
Clarity
Assurance
CONTACT US
IG Wealth Management
Office: 416.491.7400
Cell: 416.524.0332
Fax: 416.491.7416
300-200 Yorkland Blvd.
Toronto, ON M2J 5C1
Avrum.liederman@ig.CA
Written and published by IG Wealth Management as a general source of information only. Not intended as a solicitation to buy or sell specific investments, or to provide tax, legal or investment advice. Seek advice on your specific circumstances from an IG Wealth Management Consultant. Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc.
(in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Trademarks, including IG Private Wealth Management, are owned by IGM Financial Inc. and licensed to subsidiary corporations.
© Investors Group Inc. 2019. EST2031MA_E (09/2021)
CONTACT US
IG Wealth Management
Office: 416.491.7400
Cell: 416.509.7371
Fax: 416.491.7416
300-200 Yorkland Blvd.
Toronto, ON M2J 5C1
catalin.zetu@ig.ca
Written and published by IG Wealth Management as a general source of information only. Not intended as a solicitation to buy or sell specific investments, or to provide tax, legal or investment advice. Seek advice on your specific circumstances from an IG Wealth Management Consultant. Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc.
(in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Trademarks, including IG Private Wealth Management, are owned by IGM Financial Inc. and licensed to subsidiary corporations.
© Investors Group Inc. 2019. EST2031MA_E (09/2021)