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Business Valuation and Succession Planning

by Maurice | February 5, 2023

Amount:

$7,500.00

Type of Program:

Grants


Description:

The Business Valuation and Succession Planning is available for commercial businesses in Newfoundland and Labrador. Professional valuators will be engaged directly by CBDCs and small businesses in rural communities to estimate the economic value of an owner's interest in a business in order to help businesses determine the sale price of an existing business. 

Comments on Funding:

Funding is 75% of eligible costs to a maximum of $7,500 to conduct business valuations.


When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants must:

  • be small businesses operating in a CBDC governed region in Newfoundland and Labrador, that are actively preparing to transfer ownership of the business,
  • be businesses in good standing with CRA, ACOA and Government of NL
  • work with a qualified consultant,
  • agree to share the opportunity on businessatlantic.ca.

Application Steps:

Applicants must:

1

contact the CBDC personnel for further details,

2

pay an application fee of 3%, to a maximum of $300.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

No other details available.

Program Contact:

Business Valuation and Succession Planning | CBDC

Related posts:

How to Start a Business in Newfoundland and Labrador: Step-by-Step Guide for New Entrepreneurs
Best Business to Start in Newfoundland & Labrador: Growth Industries + Top Business Ideas
Businesses for Sale in Newfoundland & Labrador: Best Places to Buy + Mistakes to Avoid
How to Incorporate a Business in Newfoundland & Labrador: Step-by-Step Guide for New Entrepreneu...

About Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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