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Business Succession Planning 101
Corporate • Apr 10, 2020
Selling a business or passing it on to the next generation can be the most important financial event in an entrepreneur’s lifetime.
But Canadian small business owners are not succeeding when it comes to succession planning, reveals a new IPC Private Wealth poll. According to a poll of 300 business owners with 50 or fewer full-time employees,
42 per cent are uncertain about their retirement and almost half – 48 per cent – have no plans to seek the help of a financial advisor regarding business succession planning.
The good news is that the poll’s two most startling findings: uncertainties around retirement and financial advice – are linked and, fortunately, quite solvable.
Download our e-book Business Succession Planning 101 to understand what you should know before you sell or wind down your business.
Speak to your advisor or contact one of our advisors to see how we can help.
Canada’s Federal Government released its new budget for the year ahead providing key details on important support programs. Our budget Infographic provides the key highlights.
The third week of February marked a crucial period for IPC Private Wealth clients, featuring up to four major portfolio events.
In his Q1 update, Rana notes that the financial markets have started 2024 on a strong note, with the S&P 500 climbing approximately 13% (CDN), marking the most robust start since 2019. This surge brings us to his topics for discussion: the psychological phenomena’s of FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, and Doubt).
