When you sell your house, you give it a coat of paint, perhaps hire a home “stager” who will help you show your house at its best. It’s even more important when you sell your business. Preparation can take months or even years. A buyer will want to...
Understanding the legal issues of buying a business is key to making sure you don’t get burned. You and your advisors will need to investigate: Are there any law suits outstanding? What Occupational Health and Safety, W.C.B., environmental and other regulatory...
As a small business owner, you may have heard about some of the recent changes to our Canadian tax laws that stem from Bill C-208, a private member’s bill that passed in the House of Commons recently. The bill, which was granted Royal Assent on Tuesday, June 29,...
In the context of business valuations, “Fair Market Value” is defined as the highest price that a business would fetch in an open and unrestricted market between informed and prudent parties, acting at arm’s length, neither party being under any compulsion to buy or...
Selling your business to an external buyer can be a complex process, and any mistakes made throughout the process can easily jeopardize a successful sale. These are 5 of the most common mistakes we see sellers make when attempting to sell their business: 1. Not...
Financial management is one of the top three internal deficiencies that can lead a business to bankruptcy, according to Statistics Canada. Learning how to understand financial statements and ratios and they will provide insight into the health of your business and...
