SUMMERSIDE, P.E.I. - French-speaking entrepreneurs who are thinking about the succession of their business, along with those who provide support services to businesses, can take part in a free forum next week.
“Preparing for the Succession of Our Business” will be held Wednesday, May 23, from 9:30 a.m. to 2:30 p.m. at the Centre Belle-Alliance in Summerside.
Participants will hear testimonials from two Island businesses that have recently gone through the sales and succession process.
Henri Gallant from HMS Office Supplies in Summerside will explain the steps he took to transfer his company to his son Pierre.
Réjeanne Arsenault will share the process she went through to sell her Bottle Houses tourist attraction in Cape Egmont to Angie Cormier.
Another topic will be the concept of succession by the co-operative method. In New Brunswick and Quebec, more and more groups of workers are incorporating themselves as worker co-ops to buy businesses from their retiring bosses.
Organizers also want to present the various succession options to creditors, accountants, bankers, lawyers, consultants, economic development officers, union representatives, civil servants and community leaders.
A lunch will be served.
