The sale of a business to a third party is a great business succession strategy. While a sale is a complex and time consuming process, a business owner needs to know when to push the negotiations and when to hold back. One issue that can derail a negotiation is whether or not the seller of a business should insist on a deposit, a break fee or neither.
Firstly, what’s the difference between a deposit and a break fee? A deposit is one way of confirming that a buyer is serious.
Private M&A purchase and sale agreements in Canada follow a very familiar pattern and typically include what can be described as the ‘usual representations and warranties’. ... Continued
Don’t miss Don Sihota’s business succession seminar on Thursday, September 29th. During the half-day seminar you’ll learn how to: > Prepare your business for sale ... Continued
The budget proposed changes to extend capital gains tax exemptions where the proceeds from the sale of private company shares and real estate are donated to charity