Eastern Ontario Succession Services
You’ve worked hard to build a successful business. We’ll help you build a plan so you can exit on your own terms.
Succession Planning that works for you
Exiting a business is a process, not an event. Having a plan and a strategy in place for the eventual transition out of your business will unlock financial efficiencies and, more importantly, peace of mind.
At MNP, our team has the expertise and skill to help you build a succession plan that meets your needs. We take the time to fully understand the unique circumstances of your business and your family — that includes your goals, tax situation, ideal retirement, and educating the successors who will manage your business going forward.
From tax planning to employee share options to performance improvements, a succession strategy will help you capitalize on what you’ve built up — and ensure you exit on your terms.
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Succession Checklist
Our succession checklist can help you determine whether it’s time to enhance your succession strategy.
Succeeding at family business succession planning
Developing a successful succession plan means taking nothing for granted. Follow four key principals to achieve your goals.
Why grooming your successors is critical to the family business
A formal grooming plan helps ensure your successors have the requisite skills to effectively manage and lead the family business.
Family focus: The non-technical or family component of succession
The best succession plans focus on the non-technical component such as family communication, family values, family dynamics, and family expectations.
Your next chapter starts sooner than you think
But the day-to-day responsibilities of managing a successful organization can hold you back from developing a thorough succession strategy. Our team can help.
Insights
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Confidence
October 03, 2024
Succession Planning Basics: How to get what you want for your business
Knowing what you need and what your options are is difficult to do on your own and often the reason business owners fail to plan for their own exit.
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Progress
September 25, 2024
Choosing the right talent: A guide to employee ownership and profit sharing plans
Boost business growth and employee loyalty with a well-structured ownership or profit-sharing plan that aligns with your goals and rewards top talent.
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Confidence
August 23, 2024
Case Study: Steps in estate planning
Retirees Phillip and Martha faced challenges in ensuring their estate wishes were honoured due to differing family opinions.
