Collins Barrow announces Baker Tilly International launch of succession planning research

TORONTO, Feb. 1, 2013 /CNW/ - Collins Barrow, an independent member of Baker Tilly International, today announced that it is participating in a global research project on succession planning and is inviting owners of privately-held and family-owned businesses to participate via an online survey.

"Succession planning is a key issue for businesses in Canada and around the world," says Dan Longlade, Chairman, Collins Barrow National. "In the next decade an unprecedented number of owners will retire, leading to a massive shift in wealth, ownership and control."

"Such is the scale of impending succession that the way in which the ownership of these businesses is transferred will determine not just the wealth of the individual and family involved, but the future prosperity of the economies in which they operate," he adds.

"Many of those retiring currently have no exit strategy and need to understand the many complex family, individual and business issues that must be addressed in the succession process if they are to realise the best value possible for their business," says Rob Kolton, Marketing and Branding Liaison, Collins Barrow National.

How to take part

Business owners who would like to take part in the research can click here to access the questionnaire, which should take around 15 minutes to complete.

Those completing the survey will receive a copy of Succession Planning, a Baker Tilly International guide for closely held and family businesses. They will also receive, early next year, a copy of the report based on the survey findings, supplemented by high-level analysis and commentary, which will provide valuable insight into the succession planning challenges in Canada and allow regional and global comparisons.

The closing date for submissions is March 15, 2013.

To find out more about succession planning or the survey, please contact our National office at [email protected].

SOURCE: Collins Barrow National Cooperative Incorporated