Keep or Sell – Vine and Partners LLP

Chartered Professional Accountants

Take the Keep or Sell Test as featured on News Talk 1010 Radio

Knowing when to act and when not to act is a key component in all important decisions. Likewise, knowing when to keep your business and when to sell it can make a significant difference in the success of your exit and your future financial security. Take the following test and find out if the timing is right to keep or sell.

Have you had your company valued by an independent, knowledgeable party? *YesNo

Have you and your financial advisor determined how much money you would need to invest to support your current life style if you retired? *YesNo

Are you able to take a vacation and not call the office for a week or more at a time? *YesNo

What is the primary source of new business for your company? *

What has been the trend for your revenues and profits over the last five years? *

What are your annual sales? *

Do you have a specific plan regarding what you would like to do after you sold your business? (playing more golf doesn’t count) *YesNo

Do your top 5 customers account for more than 30% of your revenues? *YesNo

Have you identified which exit option is the most appropriate for you? *YesNo

Do you know how much you would net from the sale of your business? (after taxes and transaction fees) *YesNo

Do you have job descriptions for each of your key employees? *YesNo

Have you documented your office, service, manufacturing, and marketing processes? *YesNo

How is your health? *

How is your energy level? *

Have you set a date for when you would like to retire? *YesNo

What is the outlook for your industry? *

All information on this form is kept strictly confidential and will not be shared or sold to others.

ACCOUNTING SUPPORT SERVICES

Vine and Partners provides the knowledge and experience for all accounting and bookkeeping related services. Our Accounting Support Services division has friendly technicians ensuring all records are accurate and client expectations are exceeded.

Business Valuation

Whether you are planning to sell, merge, finance or grow through acquisition, the Chartered Business Valuators at Vine have the industry experience and specialized training to expertly value your business and to provide you with the market insight needed to gain an invaluable advantage during important negotiations.

TAX STRATEGIES AND PLANNING

The magnitude of wealth is not determined by what people make, but rather by what they keep. Vine and Partners specialize in helping our clientele preserve and transfer wealth through effective personal tax and estate planning.

Transition Planning

Small business is the backbone of the Canadian economy, but experts say that small business owners rarely pay enough attention to business transition planning. In fact, without a transition plan in place, many businesses close instead of being sold or passed on to the next generation.

VINE AND PARTNERS LLP, 1 HUNTER STREET EAST, SUITE 100, HAMILTON, ON L8N 3W1 TELEPHONE: (905) 549 8463 FAX: (905) 549 6020 admin@vine.ca