Québec is in danger of losing thousands of companies. This will be a growing problem in coming years, since 30% of business owners are planning to retire within the next decade, and half of them have no plans to sell or transfer ownership of their business.
For this reason, the Board of Trade of Metropolitan Montreal and the Fonds de solidarité FTQ have unveiled an important study and, from June 3 to 5, held a series of activities in three Quebec regions to raise awareness of, promote, and facilitate the transfer of businesses.
Lavery, a proud partner of Rendez-vous relève Inc.TM, has dealt with the legal issues surrounding the various types of business transfer. In its June 5 edition, La Presse published a special feature on the subject. Click here to learn more about business succession.