Whether you’re retiring, passing your insurance agency on to family, or considering other endeavors, selling or transitioning your business can be a complicated and stressful process. If you are considering transitioning out of your insurance agency, make sure to take...
As an owner of an insurance agency, it is important to prepare well in advance for your exit from the business. One of the most important decisions you will make during the exit planning process is how you will exit your business. Whether you are passing on the family...
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: Not knowing...
Many business owners believe they can successfully sell their own business. After all, they are the key salesperson for their company and believe they know it better than anyone else. While this may be true, selling your business is not like selling your product or...
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...
