Who'll step up when you step down? If you're over fifty and running a privately owned business in Canada, chances are, you can't answer that question.

• Position: Roynat Capital services - Brief Article

A RoyNat research study has shown that more than 80% of private business owners are ignoring or avoiding the question of succession even though half of them will step down over the next 10 years.

As a group they have traditionally found it difficult to face retirement and pass on to others what they have built. They delay, often at severe costs to themselves and sometimes to the detriment of an orderly transfer of ownership.

In contrast, a well crafted business and Succession Financing plan allows owners to take all or part of their equity years in advance of retirement while maintaining control and preparing the ground for the next generation of owners or managers.

A Succession Financing plans says how and when owners can be paid out. It answers...