Skip to main content
Sarnia-Lambton Economic Partnership SLEP logo
  • Search
  • Facebook
  • Twitter
  • Youtube
  • LinkedIn
  • Business Directory
  • Shop Lambton
    • Shop Lambton Map
    • Shop Lambton Map Submission Form
  • News & Events
  • Real Estate
  • Resources
  • Newsletter
  • Contact
  • Why Sarnia-Lambton?
    • Value Proposition
    • Community Overview
    • Location
    • Key Sectors
    • About SLEP
    • Partnerships
    • Discoveries That Matter Brand
  • Locate
    • Our Advantage
    • Market Access
    • Labour Market
    • Key Sectors
    • Infrastructure
    • Tax Advantages
    • Research & Development
    • Training & Education
    • Industrial & Business Parks
    • Real Estate Links
    • Mapping
    • Data/Statistics
  • Start
    • Business Enterprise Centre Services – Startups
    • Starting a Business
    • Training & Education
    • Data/Statistics
  • Grow
    • Business Enterprise Centre Services – Growth
    • Business Counselling
      • Starter Company Plus
    • Export Assistance
    • Strategic Planning
    • Succession Planning
    • Employer Resources
    • Research & Development
    • Real Estate Links
    • Data/Statistics
  • Live
    • Why Sarnia-Lambton
    • Community Amenities
    • Municipalities
    • Community Resources
    • Retirement
  • COVID-19 Government Programs and Resources for Business
    • COVID-19 Government Programs and Resources for Business
    • Sarnia-Lambton COVID-19 Business/Economic Taskforce
    • Shop Lambton Map
    • Shop Lambton Map Submission Form
    • COVID-19 Frequently Asked Questions
    • COVID-19 Local Resources
    • COVID-19 Provincial Resources
    • COVID-19 Federal Resources
  • Why Sarnia-Lambton?
    • Value Proposition
    • Community Overview
    • Location
    • Key Sectors
    • About SLEP
    • Partnerships
    • Discoveries That Matter Brand
  • Locate
    • Our Advantage
    • Market Access
    • Labour Market
    • Key Sectors
    • Infrastructure
    • Tax Advantages
    • Research & Development
    • Training & Education
    • Industrial & Business Parks
    • Real Estate Links
    • Mapping
    • Data/Statistics
  • Start
    • Business Enterprise Centre Services – Startups
    • Starting a Business
    • Training & Education
    • Data/Statistics
  • Grow
    • Business Enterprise Centre Services – Growth
    • Business Counselling
      • Starter Company Plus
    • Export Assistance
    • Strategic Planning
    • Succession Planning
    • Employer Resources
    • Research & Development
    • Real Estate Links
    • Data/Statistics
  • Live
    • Why Sarnia-Lambton
    • Community Amenities
    • Municipalities
    • Community Resources
    • Retirement
  • COVID-19 Government Programs and Resources for Business
    • COVID-19 Government Programs and Resources for Business
    • Sarnia-Lambton COVID-19 Business/Economic Taskforce
    • Shop Lambton Map
    • Shop Lambton Map Submission Form
    • COVID-19 Frequently Asked Questions
    • COVID-19 Local Resources
    • COVID-19 Provincial Resources
    • COVID-19 Federal Resources
  • Business Directory
  • Shop Lambton
    • Shop Lambton Map
    • Shop Lambton Map Submission Form
  • News & Events
  • Real Estate
  • Resources
  • Newsletter
  • Contact

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.


For more information, contact:

Fraser Parry

Senior Business Counsellor

  • (519) 332-1820
  • smallbusiness@sarnialambton.on.ca

Latest News

Learning for Life: Entrepreneurship Series Launching This Winter

Dow Redefines Employee Volunteerism During Pandemic and Delivers Close to 3,000 Hours

Lambton College 1st in Ontario, 2nd in Canada for Research

Sarnia-Lambton Launches Digital Service Squad to Help Small Businesses Adopt Online Technologies

Global Manufacturer Investing $5M in New Sarnia-Lambton Expansion

More News

Upcoming Events

Learning for Life: Entrepreneurship Series 2

February 20, 2021 - March 13, 2021

Learning for Life: Entrepreneurship Series 1

January 27, 2021 - February 17, 2021

Strange Brew: Five Skills for Entrepreneurship and Innovation

January 19, 2021

Discoveries That Matter

Discoveries That Matter

In Lambton County we create the right chemistry for discoveries that matter.

Find Out More

Explore our local business directory

Smart 21 Community Logo

Subscribe to stay up-to-date with business in Sarnia-Lambton

  • Sitemap
  • Terms of Use
  • Privacy
  • Contact
Discoveries That Matter logo

© Sarnia-Lambton Economic Partnership 2021. All rights reserved.