Exit strategies
During the course of a business’ life there are various points where an exit strategy is considered.
Some of these scenarios include:
- Succession / transition of a business to other family members;
- Succession / transition of a business to an employee or group of employees;
- Sale of a business or business segment to a third party;
- Winding down of business operations due to retirement;
- Winding up business operations due to shareholder disagreement;
- Reorganization of business operations due to cash flow difficulty
Regardless of your particular situation, we can provide you with guidance and in some cases referrals to trusted colleagues who can help you with an exit strategy that would be best for you.
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" Michael has been associated with my corporate and personal financial matters for the past 25 years. His knowledge and his attention to details have allowed me to run my two business ventures with greater confidence and ease of mind. He is always been there with constructive advice when I needed it. If you ever need a firm who takes a personal approach to your financial matters be they personal or business, I highly recommend Mike and his staff. "
George Stevens - President | Exclusive Education Products Ltd. / Edubar Holdings Inc. -
" Michael’s firm has handled my tax and accounting needs for many years. He walked me through a difficult and complex corporate buy out, as well as advised me many times on various business activities. I can call anytime to get assistance with HST, payroll, tax planning and retirement planning. Some of my business dealings are not typical and Michael and his team always provide prompt answers and welcome challenging business and tax situations. Helen, Lynda and the rest of his staff are pleasant and accommodating. I know I have minimized my taxes because of Michael's vision and exceptional ability to plan for the future. All this is provided with at a fair and reasonable cost. I will continue to be a long time client of Michael’s firm. "
Ruth Sommers - RESE Holdings Inc -
" During the past several years Michael and his team have come across client situations that developed operational challenges for which our expertise and guidance was sought. We have worked together with Michael and his clients to provide realistic, timely and cost beneficial solutions. This collaborative process has resulted in resolving the client’s problems and ensured their continued success. We have found our collective working relationship has paid significant benefits to us, Michael’s clients and to the Michaels firm. "
John Morgan, CPA, CA, CIRP, CFE, CBM - President | Morgan & Partners Inc. -
" I was referred to Michael's firm by a fellow associate and I have appreciated the referral. Mike’s team are always there to assist and answer all of my questions whenever needed and I have always felt very comfortable in knowing and trusting that whatever advise or counsel given is assured to be both qualified and in my best interest - I appreciate all the advice and knowledge the Mike's firm gives me. I would have no issues with recommending this firm to any fellow associates. "
Dennis McIntaggart - Canadian Storage Systems International