Call Us: 905 268 0150 - Mail: amadan@madanca.com

Purchase and sale of a Business-by expert business consultants Toronto

Purchase and Sale of a Business

Buyers and sellers of businesses usually have conflicting views regarding the structure of business transfers. In order to reach an effective conclusion, one must consult with a trusted advisor in order to ensure the chosen strategy is most advantageous to you.

Tax also plays a major role in the transfer of business ownership. At times selling a business can minimize income taxes, whereas at times buying assets can maximize future deductions. As tax specialists and expert business consultants Toronto, we can ensure the best compromise with large selling and purchasing decisions.

By acting as your advisor, Madan Chartered Accountant (business consultants Toronto) can help you deal with most complexities that accompany purchase and sale of a business including the tax, financial, and administrative aspects:-

  • Properly structuring the purchase or sale to minimize income taxes.
  • Evaluating the financial health of the business.
  • Assessing the reasonableness of the sales price.
  • Obtaining financing to fund the purchase.
  • Completing due diligence procedures.

 

 

 

 

Buying a business in Canada-Business Consultants Toronto explain it all

By: Allan Madan | Oct 3rd, 2010 | Tax, US Tax, Canadian Tax Read more

Are you looking to buy a business in Canada? Do you understand the important implications of your decision? Business consultants Toronto, highlight the important basics for you, telling you the few essential things you must keep an eye out for. Read more.

 
 

Management Buyout and Taxes in Canada

By: Allan Madan | Dec 19th, 2010 | Tax, US Tax, Canadian Tax Read more

Attention all employees who want to be business owners! Business consultants Toronto provide a brilliant way to do so. Read all about management buyouts and associated tax services below and become a business owner.

 

About the Author – Allan Madan

Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.

 

If you find this information useful, kindly +1 and follow Allan Madan on Google Plus by clicking on these two buttons.

 
 

Comments  

 
# Pascal 2014-10-01 15:13
Can you please provide me with some due diligence procedures which would be done?
 
 
# Allan Madan and Team 2014-10-01 15:13
Hi Pascal,

Sure! I order to assess the valuation of property, plant or equipment an appraisal report would be obtained. This will determine the fair market value of the fixed assets which are being obtained as part of the business acquisition.
Additionally, we will observe the fixed assets for existence. Additionally, the assets will be observed to determine whether any foreseeable repairs may be needed. This will need to be included in the valuation.

Feel free to give us a call for more specific due diligence procedures which may be done for your situation.

Thanks,

Best Regards,
 
 
# Antoine 2014-10-16 19:35
I would like to incorporate my business. Would it be best to include my spouse as a shareholder?
 
 
# Allan Madan and Team 2014-10-16 19:35
Hi Antoine,

If you include your spouse as a shareholder, you will benefit from dividend sprinkling in which case your spouse will pay taxes on the dividend rather than you. This will help reduce the overall taxes that you and your spouse will owe to the CRA.



Thanks



Best Regards,
 

Add comment


Free Consultation

  1. Your Name*
    Invalid Input
  2. Email*
    Invalid Input
  3. Phone
    Invalid Input
  4. Message
    Invalid Input


  5.   Refresh
    Invalid Input * - required