Business Succession Planning

Like every business owner, you must plan for your succession. Sooner is always better. Few closely-held or family businesses transfer ownership successfully. We help you weigh your options, ask key questions and help you plan wisely. Are you ready to step away and/or sell, and to whom? Is a family member interested in and capable of assuming management? Are you procrastinating with succession because your plan will favour one family member, potentially causing resentment in others? We sensitively help you have difficult conversations constructively and offer mediation. The longer issues linger, the harder they are to address – we help you take action before real crisis brews.

Viewing your business through a buyer’s lens, we help you prepare it for sale to maximize the value you’ve worked so hard to build. We’ll collaborate with you and your trusted advisors for a smooth, fruitful succession. We have in-depth experience with family businesses and are active supporters of the Canadian Association for Family Enterprise (CAFE). If you need a new partner to take your place, we can also help you find the right individual.

Houser Henry & Syron LLP helped our business by providing sound legal advice as we grew into a major Canadian operation. They assisted us in the transfer of ownership from the first generation to the second. We trust them for sound legal assistance and advice as our business grows.
George Brown, President
Habco Beverage Systems Inc., North York, Canada