Business Succession Planning: From Start to Finish

There is a lot involved with planning a business succession as well as planning for how your life is going to look after a transaction. Hosted by Bridgeport Asset Management’s Senior Vice President, Mark Yestrau, this panel will give you an idea of some of the opportunities, challenges and issues involved with planning a business transition.

The Canadian Federation of Independent Business recently completed a study which indicated that over $2 trillion of business assets are expected to change hands within the next decade and that ¾ of small business owners are planning to exit their business during that time period. Unsurprisingly, retirement was the top reason for planning a transition, cited by 75% of business owners. Notably however, only 10% of business owners say they have a formal business succession plan in place.

This gets us to why we are here today – there is a lot involved with planning a business succession as well as planning for how your life is going to look after a transaction. Hopefully, this panel gives our viewers today an idea of some of the opportunities, challenges and issues involved with planning a business transition.