End It

Giving up a small, private business is something business owners usually do not give a lot of thought to. However, it is an important consideration given the complexities involved when relinquishing ownership.

There are many reasons why people give up their business. The owner could be retiring. Or, the sale is the result of death, disability, divorce, the departure of one of the partners or poor market conditions. Some owners may have no option but to consider filing for bankruptcy.

The following resources offer information on ending your business. We highly encourage those entrepreneurs who have no desire to sell or give up their business to read the information as well and make allowances for these possibilities in their business plans.

Bankruptcy

• Office of the Superintendent of Bankruptcy
• Bankruptcy Protection: Options for Businesses Not Named Air Canada

Selling a Business

• Selling a Business
• 8 Tips for Finding the Best Business Broker
• The Four D's of a Business Exit Strategy

Succession Planning

• Business Succession: A Game of Options
• Farm Succession
• Succeeding with Succession
• Succession Planning for Family Business
• Succession Planning for Family Owned Businesses - Making the Tough Calls
• Succession Planning Issues for Family-Run Businesses
• Transition Planning

Tax Issues

• Employer restructuring / Succession of employers and CPP/EI
• Retirement or Death of a Business Owner
• Receivership / Bankruptcy
• Selling a Business
• Suspend, resume, or stop operations