Family Business Succession

We recognize the unique dynamics of family ownership. Over the past 30 years, Veracap’s Principals have gained extensive experience facilitating family business succession plans. As active members in the Canadian Association of Family Enterprise we bring an awareness to the process that enables us to work productively in a multi-disciplinary environment. Veracap employs the principles established in its Circle of SuccessionTM to facilitate the transition. Our involvement begins with an assessment of both financial and interpersonal/cultural aspects of the subject company to determine appropriate approaches given the family’s business and personal objectives. Thereafter we:

• Facilitate negotiations between family members
  Establish transaction structures that meet the requirements of all parties to the transaction
• Assist in tax & estate planning matters
  Advise in establishing the most tax effective means of transitioning ownership and reflect appropriately the intent of the remaining owners within the shareholders agreement
• Work collaboratively to ensure that the transition proceeds smoothly
• Assist in documentation and closing