Note: The information between brackets describes the visual and audio content of the video that is not dialogue or narration.

[On-screen text: Plan today for a successful business transfer tomorrow.]

[On-screen text: Financing and accounting]

Narrator: Building your business was your life's work. But when it's time to retire, will you make the right decisions to ensure the survival of your business?

[On-screen text: Only 10% of small business owners have a succession plan.]

You'll probably only transfer a business once in your career—so you need to do it right.

For Desjardins, it's one of our specialties. And we'll be happy to guide you through every step in the process of transferring your business.

[On-screen text: Seller and buyer
1. Assessment of current situation
2. Vision of the future
3. Business valuation
4. Transfer scenarios
5. Transfer plan
6. Financing
7. Continuity and retirement]

[On-screen text: Business transfer process and management:
Business valuation
Legal aspects
Tax rules
Financing
Accounting]

For example, what are the different types of financing available?

[On-screen text:
Financing:
Term loans
Cash flow
Subordinated debts
Sales balance
Government programs
Equity/Share capital]

How do you optimize your financing package based on your specific situation?

Another important part of transferring your business is the accounting side of the transaction.

[On-screen text:
Business transfer process and management:
Business valuation
Legal aspects
Tax rules
Financing
Accounting]

This aspect requires the utmost of care. Are you really equipped to navigate all the ins and outs?

[On-screen text:
Financing scenario
Breakdown
Amortization
Fair market value
Liabilities
Assets]

We'll be there to help you answer all these questions.

Plus, you can count on our guidance at every step of the way when transferring or buying a business, including choosing outside professionals, regardless of whether or not you're a Desjardins member.

To find out more about the Desjardins guidance process for business transfers, watch our 2 other videos today.

[On-screen text:
Business transfer and valuation process
Legal aspects and tax rules]

[On-screen text: Desjardins Business. Cooperating in building the future.]