Silver and Gold Magazine Winter 2019/2020 | Page 31

• Investment Buyers, such as private equity groups, “are going down-market” (Merrill Data– Sept. 2019) and are seeking add-on acquisitions in the lower middle-market for their investment portfolios. • Blue-collar workers who have been laid off are also looking to “buy a job.” Sustaining Income and Retirement Lifestyles www.GuaranteedIncome4Life.ca If internal conditions, both business and personal, are right, 2020 is the time to consider selling a privately-held enterprise. We realize that the decision to sell is neither purely tax-driven nor even a purely financial consideration. Business sales are usually motivated by personal factors. However, because it can take anywhere from 6 to 12 months on average to sell a private company, we suggest that business owners considering a sale prepare now, so they can take advantage of this exceptional, impermanent window of opportunity. With all categories of buyers in play, historic low interest rates with the government working to make credit more readily available, the capital gains tax rate the most favourable in 30 years.• Mark Borkowski is president of Toronto based Mercantile Mergers & Acquisitions Corp.  www.mercantilemergersacquisitions.com 416.368.8466 x 232 Brian Weatherdon CERTIFIED RETIREMENT COACH CERTIFIED FINANCIAL PLANNER [phone] x 223 [email protected] Let’s get you social! Our team at Silver & Gold can maintain your social media sites, so it works for your business. Let us help you grow exposure in 2020! [email protected] 905.220.0762 silvergoldmagazine.ca Estate Planning: Are you doing enough? Estate planning is an ongoing process, it’s never done. Here are some clues that you haven’t done enough: 1. You don’t have a Will or Powers of Attorney in place. These legal documents are the foundation of every estate plan. 2. You’re not thinking about the “why”. Your legacy is the bigger story about the values and traditions that you are passing on. 3. You’re relying on dangerous assumptions a. “We always thought he’d die first” b. “The kids will be able to figure it out” Assumptions like these create blindspots and mean we are not prepared for a wider range of possible outcomes. Brown Lawyers are purposeful planners taking clients on a journey that will last far beyond their own years. Write your own last chapter. Call Brown Lawyers to book a consultation today. Call us at 905.528.6346 25 Mill Street North Waterdown ON L0R 2H0 brownlawyerspc.com Silver & Gold Magazine ~ WINTER 2019/2020 31