{"id":1563,"date":"2021-02-11T08:29:36","date_gmt":"2021-02-11T08:29:36","guid":{"rendered":"https:\/\/www.sunbeltcanada.com\/kingston\/?page_id=1563"},"modified":"2025-01-30T09:55:27","modified_gmt":"2025-01-30T09:55:27","slug":"seller-faqs","status":"publish","type":"page","link":"https:\/\/www.sunbeltcanada.com\/kingston\/seller-faqs\/","title":{"rendered":"Seller FAQs \u2013 Selling a Business in Kingston"},"content":{"rendered":"
[vc_row css=”.vc_custom_1610976584019{padding-top: 16px !important;padding-bottom: 24px !important;}”][vc_column width=”1\/2″][vc_column_text]You likely have many questions about selling a business in Kingston<\/a>, and we are happy to provide these FAQs for your consideration.<\/p>\n

Selling a business in Canada can be complex as access to capital is limited, tax issues can be complicated, and there are a limited number of buyers due to our smaller population.<\/p>\n

If you want to maximize your chances of success, hire the best Business Broker in Kingston<\/a> you can find. They will add value, streamline the process, source capital for buyers, maintain confidentiality, and reduce your stress, risks, and time commitment.<\/p>\n

We also recommend downloading our book \u2013 Insider Tips on Selling a Business in Canada<\/a> \u2013 for more insights.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_single_image image=”2515″ img_size=”full” style=”vc_box_rounded”][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1620129561262{padding-top: 16px !important;padding-bottom: 16px !important;background-color: #f9f9f9 !important;}”][vc_column][vc_column_text]\n

Frequently Asked Questions About Selling a Business in Kingston<\/h2>\n[\/vc_column_text][vc_tta_accordion style=”outline” c_icon=”chevron” active_section=”1″ collapsible_all=”true”][vc_tta_section title=”How to Exit a Business in Kingston, Canada” tab_id=”how-to-exit-a-business-in-canada”][vc_column_text]There are many ways to exit a business in Kingston. In the past, transferring a business to your children or grandchildren was common. However, that is no longer the case. Many in the next generation(s) may lack the required skills, capital, or passion to take over the business. As a result, business owners today often seek alternative exit strategies to maximize their business value<\/a> and fund their retirement.<\/p>\n

Transferring a business to staff is another option, although it can carry risks. Staff often lack the funding required for a purchase, and securing financing may be challenging. If the transition fails, it can result in negative outcomes for both parties.<\/p>\n

Selling business assets\u2014such as inventory, equipment, client relationships, and property\u2014may also be considered. However, this approach often does not deliver maximum value or preserve your business legacy, staff, and client relationships.<\/p>\n

The best approach is often selling your business to a third party. This could include:<\/p>\n

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