Atlantic Canada's Business Transition Specialist

SINCE 1998

Succession Planning

All business owners know that they will one day exit their businesses and that it is imperative that they plan an exit strategy that will enable them to leave on their own terms. Despite this, only about 10% of owners of small and medium size businesses have a written exit plan. The reasons for this are many but the most commonly stated are the owner’s lack of time and not knowing where to start.

Fortunately, members of the CBI team have worked with many business owners to develop exit plans that maximize the value of the business, minimize the taxes paid on leaving and enable the owner to achieve his or her personal, family, and financial goals.

In our comprehensive exit planning process, an experienced CBI associate functions as the exit planner and, keeping the “big picture” in mind, coordinates the efforts of professional advisors who contribute parts of the plan to ensure that the various parts, when combined, form a coherent and workable plan that meets the owner’s needs.

Working with you in the CBI process the CBI exit planner will:

  • Develop an understanding of your personal, family, and financial need and goals
  • Review the exit options available
  • Determine the present value of the business
  • Select the most advantageous exit option
  • Determine which professional advisers (technical specialists) are required
  • Develop a contingency plan in case of illness, disability or death
  • Develop a wealth preservation strategy
  • Coordinate the efforts of the technical specialists
  • Assemble the written Plan

"Success in business is measured not only by how well the business operates or by the benefits it provides to you now but by the rewards it will bestow when you leave."