Business Acumen
Success in Succession – Part Two
Canadian business owners will soon have a new avenue for succession planning. Proposed as part of Budget 2023, EOTs will allow owners to effectively sell their businesses to their employees, without the employees having to pay directly to acquire the shares. EOTs present a powerful alternative to existing exit strategies and have already been successfully implemented in countries such as the U.S. and the U.K.
NVS Professional Corporation
December 12, 2023
