Advice for your family business and business families
Insights to help you make the most of your family business throughout every stage of its lifecycle
Choose a stage below that best fits your business
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Foundational
You’re at the beginning of your business journey and you need support to turn your concept into a reality. You may be considering how to develop a business strategy, establish a corporate structure, or meet regulations as your business enters a new competitive marketplace.
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Growth
Your business is growing, and its revenue, market reach, and customer base are all expanding. You now may be wondering how to introduce new technology to scale with the growth of your business, increase the performance of operations, or secure funding to cement your presence in the market.
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Established
You’ve worked hard to create stable and substantial business value in a competitive marketplace. You now may be considering how to meet the needs of your shareholders, develop an action plan for succession, or strengthen your business resiliency to secure its long-term future and protect what you’ve built.
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Transition
You’ve built a successful business and are ready to move to what’s next — and realize maximum value on your terms. You may be looking for guidance on divestitures or succession planning to ensure that your exit strategy helps you capitalize on what you’ve worked so hard to create.
What is top of mind for you and your family?
Navigating complex family dynamics Preparing the next generation for leadership Develop a financial framework to achieve life goals Building or updating my estate plan Exploring the sale of my business Planning for my retirement Understanding my investments Preparing for the unexpected
Take the ExitSMART™ Assessment
Is your succession planning on the right track? Find out with our ExitSMART™ assessment tool.
Succession Fireside Chat Series
Advisors answer your questions and address your succession struggles.
Transition Management Checklist
Develop a succession strategy that will help you capitalize on what you’ve built.
Transition management and succession planning
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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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Thinking of selling your company or practice? Here are the advantages and disadvantages of each option
Get a clearer understanding of the four most common options for selling your business or professional practice — and which might be best suited to your goals.
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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.
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Succession: Navigating the transition of a family business to the next generation
Learn how Peter and Joan navigated the complex emotions and expectations in transitioning their family business with the help of MNP’s Family Office Services team.
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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.
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What Canada’s aging population could mean for your succession plan
The unexpected impacts on your business, and its sale, as Canada’s population continues to get older.
Financial roadmap
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What do tax changes on intergenerational business transfers mean for you?
Budget 2023 is set to tighten the current rules on intergenerational business transfers. Here’s what you need to consider before new rules take effect in 2024.
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Smooth transitions Making the most tax efficient exit through advanced business planning
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Managing your future wealth today - legacy capital
Who are you passing your legacy on to and how do you determine what goes to them?
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Maximizing the multiple: How savvy business owners get top dollar for their business
Discover how successful entrepreneurs Tim and Jamie made a tax-efficient exit from their manufacturing company with the help of MNP’s Succession Services team.
Family legacy
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Practical tips on completing your will and estate plan
Entrepreneurs spend a lifetime building a successful business. So why do so many avoid planning for what will happen when they’re gone?
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Nurturing a legacy: Empowering your children through planning and education
Learn how Maggie used a family trust to structure her wealth and secure her family’s legacy. Our Family Office Team provides insights and strategies for long-term success.
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The power of giving: Creating a philanthropic family legacy
Discover how successful lawyers Amar and Anju created a lasting legacy through charitable efforts with the help of MNP’s Family Office Services team.
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Family ties: sustaining legacy in family business through clear governance
Discover how the McPherson family navigated the complex transition of their family business with the help of MNP’s Family Office Services team.
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Who will your executor be? Making the right choice
Who will be responsible for executing your will after your death? Here’s what you need to know before choosing a family member, friend, or a corporate trustee.
