Metro Business Opportunities (MBO) Business Valuation and Succession Planning

Amount:

$7,500.00

Type:

Grant

Description:

The Business Valuation and Succession Planning is available for commercial businesses in St. John’s/Mount Pearl area. Professional valuators will be engaged directly by CBDC and small businesses in rural communities to estimate the economic value of an owner’s interest in a business in order to help businesses determine the sale price of an existing business.

Comments on Funding:

Funding is a contribution of 75% of eligible costs to a maximum of $7,500.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. be small businesses operating in St. John’s/Mount Pearl area, that are actively preparing to transfer ownership of the business;
2. be businesses in good standing with CRA, ACOA and Government of NL;
3. work with a qualified consultant;
4. agree to share the opportunity on businessatlantic.ca.

Application Steps:

Applicants must:
1. contact the CBDC personnel for further details,
2. pay an application fee of 3%, to a maximum of $300.

Documentation Needed:

For details about documentation requirements, applicants must reach out to Metro Business Opportunities team through:
Phone: 709-738-1MBO (1626)
https://www.cbdc.ca/contact.

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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