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Small Business > Resource Center > Definitive Guides > Business Succession Planning

How to Succeed with Business Succession Planning

You’ve spent years building and growing your business; it’s become a source of great pride. Now you’re looking to the next stage in your life and considering how to prepare both you and your business for this transition. Whether you’re planning to gradually step away from your business, explore personal interests or pursue new business ventures, having a business succession plan that clearly outlines your intentions and goals helps make this transition easier for you, your family and your business.

This guidebook can help get you started in the succession planning process. At RBC Royal Bank®, we’ll support you through your planning process with advice and solutions that match your business and personal needs. From business transition advice to wealth management, personal retirement and estate planning, we can help you through this process that will benefit both you and your business.

In this Definitive Guide, you'll learn about:

  • How to get started
  • Considering your exit options
  • Determining the value of your business
  • Financing the acquisition of your business
  • Tax strategies
  • Your personal retirement plan