#business-succession tag

Selling to a U.S. company was an endgame for many Canadian businesses. The government is trying to change that | CBC News

Employee ownership trusts (EOTs) let founders sell companies to a trust that makes employees owners, preserving jobs, culture, and Canadian ownership while enabling founder payout.

Non-profit organizations

fromFortune

2 months ago

Following in Paul Newman and Yvon Chouinard's footsteps: There are more ways for leaders to give it away in 'the Great Boomer Fire Sale' than ever | Fortune

Transferring company ownership to foundations, nonprofits, trusts, or employees creates a perpetual philanthropic annuity while preserving the business, workforce, and culture.

Business

fromNon Profit News | Nonprofit Quarterly

3 months ago

Six Ways to Make Workers Business Owners-and Why It's a Good Idea - Non Profit News | Nonprofit Quarterly

Employee-led purchases of at-risk small and midsized businesses preserve local services, jobs, and community wealth.

Food & drink

fromGrub Street

4 months ago

The War at Zabar's

Longstanding family conflicts among Zabar's controlling partners produced persistent public feuding despite the store's strong commercial success.

fromSlate Magazine

5 months ago

My Husband Wants to Leave His Business to My Entitled Stepsons. I Have to Change His Mind.

My first marriage left me a wealthy widow where we had several vacation homes but sadly no children. My second husband has two adult sons and a thriving business that is basically his third child. Despite us both being retired, he is still very involved in the business. Neither of his sons ever showed interest in taking over, so my husband has been approaching his lifelong employee, "Mike," to take over.

Relationships

Startup companies

fromBusiness Matters

7 months ago

Surge in employee ownership as business owners seek tax-efficient exits

Employee Ownership Trusts (EOTs) are increasingly popular among business owners for tax-free company sales amidst changing tax laws.