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  • Why Sarnia-Lambton?
    • Value Proposition
    • Community Overview
    • Location
    • Key Sectors
    • Foreign Trade Zone Point
    • Smart Sarnia-Lambton Video Series
    • About SLEP
    • Partnerships
    • Discoveries That Matter Brand
  • Locate
    • Our Advantage
    • Key Sectors
    • Labour Market
    • Infrastructure
    • Market Access
    • Tax Advantages
    • Research & Development
    • Training & Education
    • Industrial & Business Parks
    • Property Search & Analysis
    • Mapping
    • Municipal Data & Statistics
  • Start
    • Business Enterprise Centre Services – Startups
    • Starting a Business
    • Summer Company Program
    • Training & Education
    • Municipal Data & Statistics
  • Grow
    • Business Enterprise Centre Services – Growth
    • Digital Main Street – Digital Service Squad
    • Sarnia-Lambton Apprentice Job Match
    • Explore Global Talent Tool
    • Business Counselling
    • Starter Company Plus
    • Export Assistance
    • Strategic Planning
    • Succession Planning
    • Employer Resources
    • Research & Development
    • Municipal Data & Statistics
  • Live
  • Business Directory
  • Events
    • ALL EVENTS
    • PetroChem Canada Conference – June 20 & 21, 2023
  • Real Estate
    • Property Search & Analysis
    • Industrial & Business Parks
  • News
    • All
    • SLEP News
    • Headlines
    • Media Releases
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Succession Planning

As in many other communities in Ontario and Canada, some Lambton County businesses are being challenged with the advancing age of their owners. In many cases, there is no defined plan in place as to how, who or when the business will transition to new ownership. Counsellors are available, in their role as impartial third parties, to assist business owners to develop succession plans that suit their individual circumstances and desires. Some points to keep in mind:

  • Preparing for a business succession is typically a multi-year process
  • Are there family members and/or employees that are viable interested candidates to eventually take over the business?
  • How can the business owner maximize the value of the business and ensure its ongoing viability?
  • How will the succession be financed?

Contact the Business Enterprise Centre to further discuss your options with one of our qualified counsellors.


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2023 AGM Sarnia-Lambton Economic Partnership

June 27, 2023

PetroChem Canada Conference 2023

June 20, 2023 - June 21, 2023

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