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Business Succession

Last updated on November 6, 2024

Succession planning is the process of identifying and developing a buyer to takeover a business. Preparation by the buyer, seller and community are critical to ensuring the success of a business transition.

A well developed succession plan will assist in the smooth transition of a small business and will help to ensure its continued success. 

The Business Match-Making: Good Practices Checklist is a useful tool when planning for the transfer of a small business.

To learn more about succession planning for the small business owner watch:

Facing the Demographic Shift in Rural Business

This video was produced in partnership by the B.C. government and Community Futures

 

Trade and Invest British Columbia

Find opportunities in B.C. or submit a new investment and partnership opportunity.

  • Resources for business owners to close, transfer or sell their small business operation
  • The Community Futures Network of BC provides loans, technical assistance and training to businesses in rural B.C.