Scotiabank

MNP Succession Services

Your Next Chapter Starts Sooner Than You Think

To get the most out of your business or operation, you need a comprehensive succession / transition plan. Succession strategies can increase the value of your business or operation, minimize risk, and secure the future you’ve worked so hard to build.

But the day-to-day responsibilities of managing a successful business or operation can hold you back from developing a thorough strategy. Exiting or transitioning a business is a process, not an event, and the right opportunity or an unexpected event can arrive at any moment. With a proper plan, you’ll be ready.

Building the right succession strategy requires clear goals and thorough planning. Our team brings deep experience to help you create a plan that works for you and your situation. Whether you operate in private enterprise or in the agriculture industry, MNP has the succession solutions to ensure you exit or transition on your terms. Let’s get started.

Take the TransitionSMART™ Assessment

TransitionSMART™ is the most comprehensive succession program available for farmers. Why? Because we address everything you need to ensure you transition your farm on your terms, never leaving anything to chance. From effective tax strategies to estate planning, family consulting to wealth and asset management, there are so many things you need to take into consideration to ensure the most successful transition for you and your successor.

Take the TransitionSMART assessment

Take the ExitSMART™ Assessment

ExitSMART™ is a comprehensive succession program that accounts for every aspect of the transition process — all designed to meet your personal objectives. Whether you plan to sell your business to an outside buyer, transfer ownership to family or close down altogether, your ExitSMART™ advisor will guide you through each phase of the process to determine the most viable strategy unique to your situation — so your future turns out just as you imagined it would.

Take the ExitSMART assessment

Planning your exit delivers many rewards

Explore your options and select the best transition strategy for you, your family and your business.
Integrate your personal and business strategies and goals.
Implement your succession plan with end-to-end solutions.
Gain more control over how and when you will exit your business, because you can assess your financial goals against market realities with greater accuracy

Proper timing is key

Time is your ally: Business owners should start developing their exit or transition plan during the critical window of time before they want to leave their business or retire, between 10 years and three years prior to desired exit date. Don’t delay, contact one of our advisors today.