Successful entrepreneurs are often on the hunt to acquire other businesses for strategic reasons. Acquiring a competitor to increase market share or buying out a supplier to add synergy to an existing business are just a few of the reason entrepreneurs seek acquisitions. When a business is up for sale negotiation, the seller of the business has a huge advantage over the buyer. The seller, being the current operator of the business, has intimate knowledge of the environment he operates ... Read More
Tax Structure When Buying an Incorporated Business
A very quiet and painful spring 2020 comes to an end in BC. As the BC economy reopens pieces at a time, the impact of the Vancouver covid-19 pandemic lockdown on different sectors of the economy will become more evident. For young or mature business owners, this past spring was a time of inner reflection. There was plenty time for planning, whether to acquire existing business to bolster one’s market share or exit an existing business and spend more time pursuing activities that are ... Read More
When Are My 2019 Income Taxes Really Due?
The week of March 16, 2020 will be forever remembered by all Canadians. For many of us, whatever Spring Break trip planned along with everything else entertainment was cancelled that week.
