Step 5  Transfer Ownership

In this final step, you and/or the buyer choose the best way to finance the transfer, taking into account the taxation, financial and legal implications.

What should you do during this step?

You have several options at this stage, depending on whether you have decided to sell your company to family members, key employees or an outside party.

• Transfer to family members or key employees may require financial planning and estate planning.
• Transfer to an outside party involves selling the company’s shares or assets, each of which has a different taxation impact.

The issue of financing will also need to be addressed at this stage because corporate acquisitions rarely occur without some form of financing. To ensure the success of this crucial step, the financial products offered by National Bank may prove extremely useful, especially as they can be adapted to your particular situation.

What resources might you require?

Your transfer manager, together with your commercial banking manager, can propose solutions that are certain to satisfy both you and the new owner of the company.