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Business Valuation and Succession Planning

CBDCs in Newfoundland and Labrador have a pilot business valuation program available for commercial businesses. Professional valuators will be engaged directly by CBDCs and small businesses in rural communities to estimate the economic value of an owner's interest in a business. These valuations can be used to help businesses determine the sale price of an existing business. Succession planning and the successful transfer of businesses is an integral part of community development. CBDCs strive to ensure that existing businesses can be prepared for the transition, and potential business owners are aware of new opportunities.

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Funding Amount

7500
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Eligible Applicants

Small businesses operating in a CBDC governed region, actively preparing to transfer ownership of the business, in good standing with CRA, ACOA, and Government of NL
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Eligible Activities

Business valuation, succession planning, seeking interested buyers
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Deadline to Apply

2024-03-31

Apply for Funding

88%

Approval rating across all Canadian funding programs

93%

Average time savings to our clients, compared to
businesses that apply for funding in-house
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