Privately-owned small and medium-sized businesses are the backbone of the Okanagan economy, yet a study by the Central Okanagan Economic Development Commission showed that only 40% of local businesses have any kind of succession plan in place.
Transferring a business to a family member or the outright sale of a business, are commonly thought as the only options available. But successful businesses have other options. Even if succession is still a number of years away, there may be ways the owner of a successful business can take cash off the table, while still retaining a significant stake in the company.
If you are the owner or majority shareholder of a private business, join us on November 4 to learn about options such as divestiture, management buyouts, recapitalization, and the unique benefits of Employee Share Ownership Plans.