Selling a Business in Ontario: What Should You Prepare?
Selling a business in Ontario starts with preparation—not just finding a buyer. This quick guide shows what to organize before sale talks and how to compare possible deal structures with professional advice. Follow a practical path: review corporate records, contracts, leases and intellectual property; spot issues that may arise in buyer due diligence; and discuss asset versus share structures with a tax accountant and corporate lawyer before settling on terms. A brief fictional example shows why early preparation can help an owner have more time to address questions. Then, use a compact checklist to consider the handover, including customer and supplier introductions and operational knowledge. The right structure and transition terms depend on the deal, so this is an overview—not a promise that contracts, licences or employees automatically transfer. Lamba Law shares this Ontario business-law explainer to help owners know what to discuss as they plan a sale.
