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Planning your succession
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Strategic Business Planning

Planning, the key to business success

With the baby boom generation set to retire, 70% of businesses in Quebec will experience a labour turnover in the next few years.

Companies accumulate considerable wealth, but what happens when the company founder or key director steps aside to retire? Too few companies account for the time between the founder’s retirement and the next generation settling in, i.e. the transition period.

This lack of planning can lead to several unfortunate consequences:

  • Family conflicts
  • Loss of know-how
  • Departure of key employees
  • Business closure
  • Poor choice of successors
  • Clash of values
  • Will partnerships be maintained?

This fundamental step in the strategic planning process often allows the founder to retire with peace of mind and ensure the survival of their company. Succession planning has to be strategic and implemented strategically, to maximize

Strategic succession planning involves analyzing each and every aspect of the company:

  • Legal
  • Financial
  • Tax issues
  • Marketing
  • Human resources

Strategic succession planning means guiding the entrepreneur in handing over a very important part of any entrepreneur’s life—the company they founded—and setting them up for a well-deserved retirement.

Service Offer – Incorporating a company

To help small companies in the startup stages, our firm has a service offer to meet the specific needs of such companies. We have developed three different plans to guide companies through the incorporation process:

Economic Plan

This plan offers services that are adapted to the budding entrepreneur who wants to keep all startup costs low, while benefitting from the advice of seasoned experts.

Transmission of information for the following purposes:

  • Open the company, by email or fax;
  • Draft the statutes of incorporation;
  • Incorporation;
  • Company books;
  • Schedule meetings with clients.

Small Business Plan

Transmission of information for the following purposes:
  • Open the company, by email or fax;
  • Draft the statutes of incorporation;
  • Incorporation;
  • Company books;
  • Schedule meetings with clients;
  • Register for GST, QST and DAS.

SME plan

  • Initial client meeting to set up the company’s legal structure;
  • Draft the statutes of incorporation;
  • Incorporation;
  • Company books;
  • Meet with the client to sign the incorporation documents;
  • Register for GST, QST and DAS;
  • Update the company’s books for the first fiscal year (including a meeting with the client).

These new plans are offered in addition to our very competitive client offer to update the company’s books, prepare the next generation of leaders or to assess the company’s value for a potential acquisition, merger or sale. 

Need more information? Just contact us!