Jim Nairn – Business Working Capital and Tax Implications in Canada
In today’s episode with Jim Nairn, we dove deep into the complexities of working capital and tax implications when selling a business in Canada. Jim provided invaluable insights on the necessity of leaving adequate working capital during a business transaction, how it varies massively depending on the industry, and the strategic importance of preparing accurate financial statements. He debunked common myths around inventory management and stressed the long-term benefits of clean financial practices over short-term tax savings. If you’re considering selling your business, understanding these financial nuances is crucial for a smooth transition and to ensure you get the right value for your enterprise.
