Whether you’re buying a business, selling your business, or passing it down to a family member, certain steps must be taken in order to minimize the tax implications.
If you are buying a business, we will guide you through the process of due diligence. We will help you assess the strength and viability of the business based on its financial performance, and, if needed, will refer you to business valuators and other experts to help you. Once the business is yours, we will advise you on business structure, streamlining your operations, and filing your year-end taxes.
We were approached by an interested party who wanted to buy our business. KWB was instrumental in making sure we received the best value for our business and supplying an excellent tax strategy. Peter Moss, AGS Business Systems
If you are selling a business, we will walk you through the process, from taking advantage of capital gains exemptions to creating an exit strategy that will keep your staff and customers comfortable. We also provide estate planning advice, helping you maximize the proceeds from your business sale.
Transitioning in or out of a business can be a smooth process as long as the proper steps are taken. At KWB, make the process simple, stress-free, and positive.
If you would like to guidance on buying or selling your business, please contact us.
Blog posts about Buying & Selling a Business
Protecting Treasured Family Assets with Life Insurance
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The Value of a Unanimous Shareholders Agreement (USA)
The financial wealth of many individuals is represented by the shares of a privately-held corporation, and, as such, a shareholder agreement is an invaluable legal instrument when the corporation is being continued by other shareholders or family.
Cost of Being Found to be a Personal Services Business (PSB)
We often hear about individuals who decide to incorporate while working as an employee for a business. But is it really beneficial to do so?
Let’s look at an example. Joe works as an employee and earns employment income (a T4 slip) in Alberta. On July 1, he incorporates. Although he has incorporated, he continues
Changes to the Eligible Capital Property Rules Effective January 1, 2017
Eligible capital property (ECP) includes items such as goodwill, patents, trademarks, customer lists and other intangibles with no fixed lifespan.
As of January 1, 2017, the new rules for eligible capital property will come into effect and will have a significant impact on tax deferral opportunities for companies that dispose of eligible capital property.