Buying or Selling a Construction Business, Transitioning to Management and other Business Succession Issues (Breakfast Session)

Buying, selling, transferring a commercial operation is a complicated and multifaceted challenge, no matter how small or large your business is! There are many aspects to consider to avoid the decision becoming frustrating or even legally difficult. What steps can an owner take that will help the business run more efficiently, and make it easier to sell? How does the process of transitioning a business work?

Topics covered:

• Understanding your business and corporate structure
• Reviewing and consolidating business assets in preparation for sale
• Understanding, mitigating and dealing with liabilities in preparation for sale
• How good employment practice makes a business transition easier
• What options does an owner have for a transition?
• Overview of the deal process
• Key agreements: MOU, LOI, purchase agreement, non-competition
• Financing options

Presenter: Brian E. Rudy (B.Sc. McGill 1989, LL.B. UBC 1994), Partner, Synergy Business Lawyers LLP
Brian is an experienced corporate lawyer who practices corporate commercial law, with a focus on privately-held corporations and entrepreneurs. Brian assists clients with mergers and acquisitions, business succession, technology licensing, distribution channels and franchising, internet and software law, corporate governance, private equity financing, employment law, commercial leasing, foreign worker recruitment, and other legal matters that arise in the course of business. Brian regularly lectures throughout British Columbia on the topics of structuring businesses, purchasing businesses and preparing businesses for sale. Brian’s clients range from professionals and emerging software companies, to construction companies and multinational resource companies.

Disclaimer: The content of this presentation is for informational purposes only and should not be construed as legal advice.