Closing or Selling a Business Halifax NS

Deciding to close or sell a business can be difficult for a business owner. Here are some things to consider, if you're thinking of selling, closing down your business or passing it on to the next generation.

Mexycan Connection Consulting
(902) 444-6399
Halifax, NS
 
David Craig Consulting Ltd
(902) 477-8751
326 Milsom St
Halifax, NS
 
Kpmg Llp
(902) 492-6000
1500 Purdy's Wharf Tower One
Halifax, NS
 
Boardworks Consulting Inc
(902) 425-0036
Halifax, NS
 
Black Business Initiative Society
(902) 426-2224
1575 Brunswick St
Halifax, NS
 
Icon Interactive Inc
(902) 445-0856
14 Belle
Halifax, NS
 
Southwick Trask Productions
(902) 420-9630
Halifax, NS
 
Pyra Management Consulting Service Inc
(902) 444-3690
5558 Sullivan St
Halifax, NS
 
People Development Limited
(902) 425-6800
2050 Gottingen St
Halifax, NS
 
Woodbury Management Solutions Inc
(902) 404-3933
6680 Quinpool Rd
Halifax, NS
 

Closing or Selling a Business

Provided By:




By Sarah Roger

(NC)-Closing or selling a business can create a sense of loss. You've spent years of hard work and dedication building it up. It can be difficult for a small business owner to decide the correct course.

Here are some things to consider, if you're thinking of selling, closing down your business or passing it on to the next generation:

One: Use the help that is available to you. Take advantage of professional services available. It is possible you will need the knowledge and expertise offered by lawyers, insurance brokers, accountants or bankers.

A call to the Canada-Ontario Business Service Centre will help you find numerous programs and services to help you navigate the process. Specially trained staff can provide for you business information needs in an effective and user-friendly way, and the services are free. For more information on this and other topics, visit www.canadabusiness.ca/ontario or call 1-888-576-4444 (TTY: 1-800-457-8466) weekdays between 8:30 a.m. and 6 p.m. EST.

Two: Do your homework. Investigate the selling prices of similar businesses in your area to provide you with an indication of what you can expect to receive.

Three: Look at all the options. Consider succession planning, with an eye to eventually handing your business over to somebody else. Think of this as the transfer of knowledge, skills, labour, management, control and ownerships of a business between the founder generation and the successor generation.

Maybe you're ready to close down the business altogether. While this may be a shorter process than a sale of your business, you should consult with an expert to help you through the process.

- News Canada