Neufeld Legal P.C.

Commercial Business Law Firm

Providing corporate-commercial legal advice and strategic direction to businesses in Calgary, Alberta and Toronto, Ontario.

 Main     Business Launch     M&A     Advancement     Corporate Future     Oil/Gas     Email  403-400-4092   416-887-9702

Neufeld Legal P.C.

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BUSINESS SUCCESSION PLANNING

Business succession planning is really about preparing your business for its future sale or transfer, enabling the business owner to exit with the highest return from your investment while having confidence in the business' continued operational success (thereby increasing the certainty of your pay-out, if so structured).

What is amazing about succession planning is how little time and preparation is often dedicated by the current ownership to its pursuit.  Instead, far too many owners simply believe that the value is there and they will be able to take it when they decide to retire or pursue an alternate venture.  That is rarely, if ever, the case.  Effective business succession planning requires considerable preparation that should begin many years in advance of the actual departure.  It transforms an operational business into a transitional business, which is tweaked and modified to obtain the most value from its disposition.

By waiting until the last minute to transition out of your business (which is a horrible plan given all the time and effort you've expended to make the operational business a success), you will in most cases be taking a massive cut in your realizable financial return.  It is astonishing how much upside business owners throw away because they fail to adequate plan long in advance.  Planning that is undertaken with the right team of experienced professionals (lawyers, accountants, investment advisors, business consultants), whose knowledgeable advice is implemented, pays serious financial dividends.

Providing corporate-commercial legal advice and strategic direction to business enterprises, is the central focus of business lawyer Christopher R. Neufeld's legal practice. To advance your business' initiatives, contact Neufeld Legal P.C. at Chris@NeufeldLegal.com or 403-400-4092 / 416-887-9702.

 

Neufeld Legal Professional Corporation. Our mailing addresses are 144 4th Avenue SW, Suite 1600, Calgary, Alberta and 1 Yonge Street, Suite 1801, Toronto, Ontario. Principal lawyer Christopher Neufeld is admitted to practice law in Alberta and Ontario (Canada) and New York (U.S.A.).  Christopher's legal practice focuses primarily on business law, in particular corporate commercial transactions (mergers, acquisitions, divestitures, business purchases and sales, etc.), business development, contract drafting and negotiation, tax and succession planning, financing and commercial real estate.  2014.

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