Succession Ontario - Succession Planning - United Counties of Prescott and Russell

Succession Ontario is an online hub that provides centralized free resources and tools for selling and buying a small business in Ontario, with a focus on preparing businesses for smooth ownership transition.

Succession Ontario is a free business transition planning hub that helps Ontario’s small business owners prepare for what is next. Whether selling to a third party, transferring the business to family or employees, or winding down, Succession Ontario provides practical tools, self-paced modules, virtual workshops and a free business valuation estimate to help owners plan ahead with confidence.

As part of Succession Ontario, the Prescott and Russell Entrepreneurship Centre (PREC) offers one-on-one succession planning consultations to help our local business owners take the first step toward their future.

Whether you’re planning to sell, transfer your business to employees or family, or wind down, the future of your business deserves a plan.

As your local Ontario Small Business Advisory Centre, the PREC is proud to be part of Succession Ontario, the province’s first centralized succession planning hub, created to help small business owners take their next step with confidence.

OSBAC programs and services are delivered by the Prescott and Russell Entrepreneurship Centre and are funded in partnership with the Government of Ontario.

Succession planning is the process of preparing for the eventual transition of your business. It covers everything from understanding what your business is worth, to assembling the right team of advisors, to mapping out a realistic timeline for your exit.

The majority of Ontario’s small business owners expect to transition out of their businesses within the next decade, yet only one in ten have a formal succession plan in place. Planning early gives you options, protects the value you’ve created, and helps ensure your business as well as the jobs and community connections that come with it continues to thrive.

Through Succession Ontario, you have access to a growing library of free, self-paced resources designed specifically for small and micro-business owners:

Online learning modules that walk you through the succession planning process step by step, at your own pace.
A free business valuation estimates to help you understand what your business may be worth in today’s market.
Practical planning tools for building a transition roadmap, preparing your financials, and assembling your advisory team.
Guidance on your exit options, including transferring to family, selling to employees or a third party, and wind-downs.

Everything is free, practical, and built to meet you wherever you are in your journey.

As part of Succession Ontario, the PREC offers free, confidential one-on-one succession planning consultations with a local business advisor.

During a consultation, we can help you understand your options, identify relevant resources and begin developing a plan that reflects your goals, timeline and business. Whether you are years away from a transition or ready to take action now, we are here to help you move forward with greater clarity and confidence.

Ready to start the conversation? Complete our Client Intake Form to book a consultation with us and learn more.

Thank you to our partners

OSBAC programs and services are delivered locally by the Prescott and Russell Entrepreneurship Centre and funded in partnership with the Government of Ontario.