Successorship Manual, Canadian Federation of Independent Grocers (CFIG)
As many of Canada's independent retail grocery operations are family run, the issue of successorship is extremely important to many of our members. For this reason, in 1990 CFIG produced a successorship manual created specifically for independent grocers.
As many taxation laws have changed since then, CFIG has contracted Aron Pervin of Pervin & Company, one of Canada's most respected successorship experts, to create an up-to-date manual for 1997.
The new manual is the most comprehensive successorship package we have ever offered. In addition to including the latest taxation changes and they relate to independent retailers, the manual will also examine the latest in valuation methods, estate freezes, gifting, and retirement planning for owners, managers, etc.
The manual, although comprehensive, was created to be user friendly. Thus, the language is easily understood and meant for retailers, not lawyers. The manual is also formatted to make it easy to flip through and locate specific sections. Readers will find the use of examples helpful illustrating many of the financial practices common to successorship planning. For instance, the manual's use of a financial statement from a fictional independent grocer store helps to illustrate how valuation methods can work.
We all know that successorship planning is a lot more than just dollar and cents, it also has a great deal to do with relationships between family members. For this reason, we've added an extensive and entirely new section to the CFIG Successorship Manual for 1997. The new section entitled Family Owned Business Success: A Planning Guide, addresses the issues specific to family-owned businesses, with emphasis on "Professionalizing the Business", "Preventative Maintenance", and "Transition Management".
To order the 1997 Successorship Manual, please contact CFIG directly.
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