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For summaries of the most recent regional, national and international news stories pertaining to chartered accountants and the Alberta CA profession, please see the articles below.
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Nearly half (49%) of Canadian family business owners have not chosen their next business leader, exposing a lack of succession planning, according to the Canadian results of PwC’s latest Global Family Business Survey. Among those who have planned for the future, many are making non-traditional decisions about their business with many opting to sell or choosing not to pass the company along to family. The study found less than half (48%) of Canadian family business owners plan on passing their family business onto the next generation—a significant drop from 90% in 2007. Within the next five years, the survey found 27% of owners anticipate a change in ownership of their businesses. Among those who predict a chance of ownership, 33% plan to sell to a private equity investor, up from 14% in 2007, while 22% plan to sell to a management team. http://www.newswire.ca/en/releases/archive/March2011/14/c2324.html
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