On the Shoulders of Atlas: A Story About Transitioning A Family-Owned Business - Hardcover

Susan Latremoille; Peter Creaghan; Frank Archibald; Linda Betts; Arnie Cader; Sheila Crummey; Tony Ianni; Steve Landau; Ron Prehogan; Pearl Schusheim

9780978140120: On the Shoulders of Atlas: A Story About Transitioning A Family-Owned Business

Hardcover

ISBN 10: 0978140125 ISBN 13: 9780978140120

Publisher: The Latremoille Group, 2010

After a lifetime of success, Victor Banks faces his toughest challenge yet -- what to do with Atlas? Victor has spent the last 40 years building his company into a thriving enterprise, but now it's time to pass the reins to someone else. Who will carry on? Should he sell the company or keep it in the family?

Transitioning a family business is a daunting process that involves not only complex financial planning but also emotional issues and family dynamics -- issues for which many business owners are untrained and unprepared.

This is the story of the Banks family and the independent advisors who work together to help the Banks solve their issues and figure out their future. You'll learn how Victor:

* lays the groundwork for transition
* sells his business
* minimizes his taxes
* gets the deal done and makes it legal
* ensures wealth for the future
* manages family issues

Along the way, you'll see how you, too, can prepare for a successful business transition.

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About the Author:

Susan Latremoille is an award-winning wealth management and investment professional with more than twenty-five years of industry experience.

Peter Creaghan is a founding partner of CMG, a boutique financial firm that helps business families with their transition plans.

Frank Archibald is a partner at McMillan LLP and chair of the firm's Toronto business law group. Frank has been an advisor to family-owned businesses throughout his legal career.

Linda Betts is a family wealth strategist and coach, and founder of The Heritage Wealth Strategy Group.

Arnie Cader practiced corporate and business law for twelve years, and served for seven years as executive vice president of Four Seasons Hotels. For the past twenty years, he has acted as a corporate director and chairman of several organizations, and as a trustee and executor for some of Canada s leading business families.

Sheila Crummey is a partner at McMillan LLP and has been certified as a specialist in estate and trust law by the Law Society of Upper Canada.

Tony Ianni, president of Ernst & Young Orenda, brings over twenty years of experience in corporate finance services to public and private entities. Linda Betts is a family wealth strategist and coach, and founder of The Heritage Wealth Strategy Group.

Steve Landau is a partner in the Transaction Tax group in Ernst & Young LLP's Toronto office and has extensive experience with the tax aspects of mergers, acquisitions, divestitures, and restructurings.

Ron Prehogan is a lawyer and the president of Equitas Consultants Inc., which he founded to address a gap in services provided by traditional Canadian estate planning professionals.

Pearl Schusheim is a partner of Couzin Taylor LLP (allied with Ernst & Young LLP) in the Transaction Tax practice in the Toronto office, with more than twenty-seven years of experience in the public and private sectors.

"About this title" may belong to another edition of this title.