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Business Legacy Less Important Than Comfortable Retirement, Say Business Owners

Written by: News Canada

Half of Canadian entrepreneurs worry about retirement and succession planning, finds study

(NC)-About half of Canadian owner-managers say they're concerned about retirement and succession planning, according to a recent study by Grant Thornton LLP. These business leaders say they're most focused on providing adequate financial resources for their retirement. Securing their "legacy" as business owners in the community is less of a worry, they say. Other retirement priorities for entrepreneurs:

• Ensuring a smooth business transition

• Identifying a suitable successor

• Finding the time to develop a succession plan

For more information, read Succeeding at Succession, a management issues paper available on-line at www.GrantThornton.ca/resources. Grant Thornton LLP is a leading Canadian firm of chartered accountants and management consultants with offices across Canada.

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