Business Succession Planning
Business Succession Planning Lawyers in Toronto, Ontario
McMaster, McIntyre & Smyth, LLP - business succession planning lawyers in Toronto, serves clients throughout the Greater Toronto Area (GTA), including the communities of regions of Peel, York, Durham, Halton, Etobicoke and surrounding areas.
A business is an asset just like anything else in an estate plan, but it is a special class of asset. Businesses and professional practices have many obligations — obligations to partners, shareholders, employees, vendors, clients, lenders, creditors and others. Businesses are also taxed differently than other assets.
Proper planning can allow successors to minimize or avoid disputes with these varied interests in your business. At McMaster, McIntyre & Smyth, LLP, we advise clients throughout the Greater Toronto Area on the efficient and effective transitioning of responsibilities to the next generation or to whomever they would like to name as their successor(s).
With the roots of our law firm dating back to 1902, we have extensive experience in all aspects of estate planning and business law. We have helped family and small businesses, incorporated and unincorporated businesses, and others facilitate the longevity of their hard work just as we have done with our own business through three generations.
Reliable Planning to Protect and Transfer Your Business
The work of our experienced lawyers will maximize and protect the value of your investment. Once your intentions are clear, we can help you work to keep everyone involved with your succession plan on the same page and reduce risks. We can also implement strategies to help you retain control of your business if you only desire to transfer ownership and/or operating responsibilities to your successor(s).
Our lawyers will also help you consider and resolve a number of additional issues in business succession planning, including:
- Management structure and responsibilities
- Business restructuring
- Asset protection
- Family succession planning
- Retirement planning
- Business tax efficiencies
- Stock protection for your children
- Exit strategies
- Sale or acquisition of a business
- Other aspects of business law
One thing that applies to all planning is that you do not want any surprises or unforeseen issues. We strive for certainty in all results.
Contact Business Taxation and Succession Planning Lawyer