Product Details
978-0-7798-5394-6
Book
Approximately 250 pages
1 volume bound
softcover
2013-04-29
Carswell

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Business Succession Guide, Third Edition
By: A. Paul Mahaffy, B.A. (Hons.), LL.B., M.B.A., F.I.C.B.
Availability: In Stock
$66.00
Description
As the baby boom generation approaches retirement age, the ownership of many private companies will need to be transferred. While many transfers will be made to family members of the current owners, other transfers will be made to employees, other shareholders or outside parties. Transfers to each of these groups can involve quite different business issues. For the owner who has done little succession planning, retirement from the company may not be easily achieved. The numerous issues related to business succession can seem overwhelming to the owner, who is certainly tempted to deal with them at a later time. The day-to-day problems of the company always seem to be more important and demand immediate attention. This book guides the owner through these various issues. It sets out many of the steps which a current owner might take when attempting to transfer ownership of the company. It looks at how the company might be valued, put into saleable condition, and reorganized to help defer or reduce taxes arising upon the transfer. It looks at how ownership can be transferred to family members, employees, other shareholders, or to outside third parties, along with the process to be followed and some of the main documents to be used. As the process is complicated and the outcome not always certain, this book is designed to manage the owner's expectations, and to let them know what they're getting themselves into.
About the Author

Paul Mahaffy is the author of Business Succession Guide, Private Company Shareholder Guide, Business Transactions Guide, The Private Company: A Legal and Business Guide for Owners and Managers, and Private Company Governance Guide, all published by Thomson Reuters. He maintains the blog Private Company Law: Cases and Comments. Paul has practised business law in Toronto, Canada with emphasis on purchase and sale transactions, business succession, private company governance, technology transfers, joint ventures and financing. He has acted as corporate counsel to the Bank of Nova Scotia and Canadian Pacific Limited, and has served as the President of the New Brunswick and Canada Railroad Company and as a director of BNS Mortgage Corp. and Bluenose Investments Inc. He has been Chairman of the Corporations Acts and Securities Legislation Committees of the Canadian Bankers' Association, as well as Chair of the Business Law Section and Secretary and Treasurer of the Corporate Counsel Section of the Ontario Bar Association.

Paul has a B.A. (Hons.) in Sociology and Psychology and LL.B. from Queen's University, and an M.B.A. in Finance and Marketing from the University of Toronto. He is a member of the Ontario Bar and has been certified as a specialist in corporate and commercial law by the Law Society of Upper Canada. Paul is a fellow of the Institute of Canadian Bankers, and has completed the Canadian Securities Course and Harvard University Negotiation Workshop. He has lectured at the Ontario Bar Admission Course and has been part of the training team for the Canadian Bar Association contract writing course for Cambodia bar admission students in Phnom Penh and for members of the Laos Bar in Vientiane. Paul has chaired a variety of Law Society and OBA programmes and has presented at the Law Society’s Special Lectures on Corporate & Commercial Law.

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