Sponsored by Meridian Credit Union
Connect is a workshop series developed in 2015 where we discuss business topics
through local speakers and follow that topic up with group brainstorming where
in teams, you practice and apply a principle that you've just been taught. The
purpose of the event is to create synergies with local businesses to allow them
to become a part of a family of mentors and mentees alike and avoid social
isolation of being in business by yourself. Connecting is the best form of
learning, join us as we work together to make your business successful.
Business success to business succession - Prompts and
pointers for entrepreneurs
From a lawyer’s estate planning view, the business is the
object or the ‘what’ in a succession, but the subject is the ‘who’. That
obviously starts with the entrepreneur, but as importantly it encompasses those
people close to that central figure. Whether you’re prompted by
developments in your business market, challenges in your own operation, or your
age … if you’re within 5 years of (hopefully) waving good-bye, it’s time to
• Stepping back for perspective
• Coordinating with your professionals
• A cold, hard look at your skills
• Everyone loves their kids, but ...
• Equalizing or equitizing?
• Trust in negotiating a buy-sell
• How might the money flow?
• What if you check out early?
• .. or can't carry the mental load?
• The best laid plans
Speaker Bio: Doug Carroll is Practice Lead - Tax
Estate and Financial Planning with Meridian Credit
Union. Meridian is Ontario’s largest credit union, helping more
than a quarter of a million Members in communities from Windsor to
Ottawa grow their lives and businesses. In his role, Doug researches case law,
legislation and financial media, in order to prepare support material
for Meridian wealth advisors, and in turn for Members. The
balance of his time is spent writing articles for financial media, speaking on
financial industry conferences and public seminars, and consulting directly
with Members who have complex needs, particularly business owners.