Toronto Corporate Lawyers Advising Business Owners on Succession Planning

A well-thought-out and carefully drafted business succession plan can help you preserve the legacy of the business you have worked so hard to build, provide financial security for your family and loved ones, help you hold on to key employees and business partners, and generally prepare for the future.

At Baker & Company, we take care to ensure all your wishes are accurately reflected in a custom-drafted business succession plan. We rely on our combined expertise in both corporate law and wills and estates to advise owners of businesses of all sizes and across all industries to ensure their risk is managed and the business is prepared for continued growth and success.

Why Baker & Company? 

The Toronto business succession planning lawyers at Baker & Company have been helping business owners protect their ventures and plan for succession for more than 30 years.

We are here to understand the ins and outs of your business and discuss your short-term and long-term goals in order to craft a business succession plan specifically tailored to your needs. We will ensure that your business succession plan maintains your business’ growth, maximizes wealth transfer to your dependants, and minimizes potential legal and financial risks.

Specialists in Corporate and Commercial Law 

Our very own Mark G. Baker, LL.M. (Cornell) is the founder of Baker & Company and is certified as a Specialist in Corporate and Commercial Law by the Law Society of Ontario.

Factors to Consider When Creating Your Business Succession Plan 

There is a vast range of factors to consider when creating your business succession plan. Some of the most important factors include:

• Your retirement goals;
• Conflict resolution mechanisms;
• Selecting a successor to take over;
• Training the successor;
• Tax implications of transitioning your business;
• Transfer methods;
• Business valuation; and
• Your exit strategy and timeline.

At Baker & Company, our highly skilled team of lawyers can help you think through and answer the critical questions. With our help, you can ensure your business is ready to continue when you are ready to step away, or in the event that something unexpected happens to you.

Contact Baker & Company in Toronto for Guidance and Assistance with Business Succession Planning 

At Baker & Company, our Toronto business succession planning lawyers can help you establish a business succession plan tailored to your needs. We have extensive experience and expertise providing clients with corporate law and estates law advice and can guide you in implementing your desired plan. Call us at 416-777-0100 or contact us online for a consultation.