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Frequently asked questions > Company > > How to prepare the succession of a business?

How to prepare the succession of a business?

When performing the estate freeze, you may choose to issue new participating shares to one or more children who will take over the business or even a key employee of the corporation. Sometimes, it is difficult to determine which child should take over the business. It is then possible to issue new participating shares to a family trust in which all the children are beneficiaries. The choice of the succession may thus be made later when one of the children will be ready to take over the business. Ultimately, if the succession does not occur within the family unit, you can choose to allocate the shares to the initiator of the freeze and go back to square one.

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