Jim Nairn – Maximizing Your Business Value in Canada
In today’s episode with Jim Nairn, we explored the intricacies of maximizing business sale value in the Canadian market, focusing on the differences between share sales and asset sales. Jim highlighted the significant tax benefits of share sales under Canadian law, with potential savings up to $300,000 through the lifetime capital gains exemption. He also debunked common myths about liabilities in share sales, stressing the importance of proper asset management and legal advice to avoid common pitfalls and ensure a successful business transition. For any business owner looking to navigate the complexities of selling a business, understanding these key differences can lead to more informed decisions and optimized sale outcomes.
