Shareholder Buy-Sell Agreement - Hybrid Method | Canada

Plan for the future of your small business - learn what you need to know about Business Succession Planning in Canada with this 8-page expert guide.

The guide describes the different types of business structures under Canadian laws, the pros and cons of each type of corporate entity. In addition, it discusses:

• how to extract value from your business,
• corporate investing,
• exit strategies,
• family businesses,
• tax planning and estate freezes.

Business Succession Planning in Canada is intended for Canadian businesses and is provided in PDF format.

Have you started succession planning for your business? Ensure continuity of ownership and management with this Criss-Cross Shareholder Buy-Sell Agreement for Canada.

• The Buy-Sell Agreement provides for the purchase of one shareholder's interest by the other shareholder upon the death of the first shareholder.
• The purchase is made by a method called the 'criss cross' method. That means that each shareholder holds a life insurance policy on the other shareholder, and the deceased shareholder's shares are purchased using the proceeds of the life insurance.
• This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
• Governed by Canadian tax laws and ntended to be used only in Canada.

Plan ahead for the continuation of your business upon the death or retirement of an owner with this Shareholder Buy-Sell Agreement (Promissory Note Method) for Canadian companies.

• The corporation will hold life insurance policies on each of the shareholders and use the proceeds to redeem and acquire its own shares from a deceased shareholder's estate.
• If a shareholder dies, the surviving shareholders can purchase the deceased's shares on a pro rata basis (proportionate to their current shareholdings) by issuing the corporation a promissory note for the purchase price.
• The corporation will loan the purchaser the amount of the purchase price from the insurance proceeds, and then makes an election for a deemed dividend to be paid from the capital dividend account if possible.
• This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
• Governed by Canadian tax laws and ntended to be used only in Canada.

Make sure that your small business continues on after you retire with this sample Ownership Succession Plan for Family Business.

• This sample Succession Plan is designed to assist the owners of a family operation or other small business in planning for the future of the business following the retirement, disability or death of the principal owner(s), through:
  • training other members of the family or company team in management roles,
  • granting stock options as incentives,
  • setting up a board of advisers with expertise in financial, legal and other areas,
  • developing business plans and initiatives to grow the business and protect the owners' interests.
• If you run a family business and you haven't put together a succession plan yet, don't put it off any longer. Download and complete this template.

Plan for the future of your business with this 8-page guide entitled Succession Planning 101 - Building 'Success' Into Your Succession Plan.

• events that trigger a succession crisis,
• various succession planning options, including passing the business on to family members, senior management, or outsiders,
• common mistakes and pitfalls,
• a checklist for doing it right.

Get expert advice with this valuable guide, written by a lawyer who specializes in succession planning.

"Succession Planning and the Family Business" will guide you through the issues to consider when planning your succession ⁄ exit strategy so that you can retire and pass on your business to the next generation.

• examining the reasons for leaving the business to family members,
• the most common mistakes in family-based succession plans,
• determining what is best for succeeding generations,
• tips for a successful succession plan.

Every family business should have a succession plan in place. This expert guide, written by a lawyer who specializes in succession planning, is a great tool to help you build yours.