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Succession planning for your farming business

Did You Know: 92 per cent of Canadian farms don’t have a transition plan ready for the future?*

It’s important to have a succession plan for your family farm or farming enterprise in order to help protect your equity and the business you worked so hard to build.

On Thursday, April 5, 2018 the York Small Business Enterprise Centre and BDO Canada invite you to attend the East Gwillimbury Sports Complex to discover a proven approach to planning for a future change of ownership and leadership.

Register for this complimentary event now

Legal staff from BDO will review many of the highlights of their step-by-step planning process including:

  • Ownership options for protecting and transitioning family and farm assets
  • Creating financial independence for both the exiting and successor generations
  • The key components of an effective shareholder agreement
  • Tax management strategies that support affordable entrance and exit strategies
  • Planning for the transition of farm management
  • Equipping a roadworthy communication vehicle for the journey

Participants will walk away with a better understanding of the three types of capital that are fundamental to creating the choice for either an internal sale to a family member or manager, or an external sale to a third party.

The event is hosted in partnership with the York Region Agricultural Advisory Liaison Group.

Source: CBC, Statistics Canada



York Region; farming; succession planning; family farm Did You Know: 92 per cent of Canadian farms don’t have a transition plan ready for the future?* The Regional Municipality of York en-US News

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