BUY and SELL
It’s always difficult to know exactly what your business is worth and how to maximize its value for resale. Conversely, for the buyer, it is just as difficult to ensure that they pay the right price.
As SMEs are all unique and distinct from each other, it is imperative to seek professional advice in order to take advantage of this crucial step. Several elements must be taken into account during a business purchase or sale process in order to ensure that the transaction will be carried out properly. Financial and fiscal factors must be considered, but also social and distinctive factors such as the reputation of the company, the quality of the employees, etc.
In the current context, shareholders of SMEs are faced with a difficulty in finding potential buyers. We can support you in this process.
Succession Planning
Did you know that the majority of SME owners in Quebec are between 45 and 70 years old and that about 95% of Quebec businesses are private companies? We know that it is difficult to sell a business without having prepared well for it, because the buyer pool is rather limited. This is why good succession planning is important.
At JT Accounting CPA and Consulting Inc., we can help you set up this succession plan with you.
Organization of an initial meeting, with all the parties concerned to analyze current and future needs and objectives
Analyze the different possible solutions such as :
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Transfer to children or another family member
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Sell to a current employee
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Sell to a third party
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Establishment of the transfer plan according to the chosen solution. There may then be certain changes to the corporate structure to be adopted, such as the creation of holding companies and / or trusts, tax rollovers, etc.
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Being present from the beginning to the end of the process to ensure complete satisfaction
It is never too early to plan for succession. The sooner this is planned, the greater the chances of success and longevity for the company and current and future shareholders.
Business Start-up
During a start-up, the quality of the product or service offered is what matters most. However, at the organizational level, certain decisions must be made in order for the structure to be optimal.
You must be able to choose the right corporate structure such as an incorporated company, partnerships, sole proprietorship, etc. Which tax declaration method to adopt: traditional method, quick accounting, etc. ? Do I have all of my authorizations and registration with the various authorities? Is my financial structure adequate to meet my current and future needs?
This process is unfortunately all too often underestimated and this is one of the reasons why some new companies are not even able to get through their first year.
To make the most of your luck, make JT Accounting CPA and Consulting Inc. your business partner before you even start.