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- Adds a competitive edge
- Enables business continuity
- Keeps the momentum on business growth
- Increases value for your business
- Opens the range of options
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- Prepares you for the next stage in your life
- Ensures sufficient level of income in your retirement
- Helps minimize the tax impact on the sale of your business
- Addresses family members’ interests and concerns
- Puts you in control of your future and the future of your business
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| 1. |
Creating your Team of Advisors |
| 2. |
Your Exit Options - Explore your options to make the right decision for you, your family and the business |
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| 3. |
Determining the Value of Your Business – Factors that can influence the value of your business. |
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| 4. |
Maximizing the Business Value – Enhance business performance to get the greatest value. |
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| 5. |
Financing the Business Transition |
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| 6. |
Handling Tax and Legal Issues – Protect your business with proper estate planning, will planning, tax planning |
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| 7. |
Preparing For Your Retirement – Calculating how much you need to retire, taking care of your financial future |
With industry-specific advice and experience, your RBC commercial account manager is available to help you get started on your business succession plan. Working together, we can provide advice specific to your business and individual needs and introduce you to a financial advisor for personal retirement planning, or to our extensive industry and professional network, if you require.