news – iBC Business Brokers

New platforms easier for investors to get data

itg2016-05-30T17:53:44-08:00May 30th, 2016|News & Updates|

“When worried investors ask the management of a privately held company how it’s doing financially, there’s often a scramble to provide them even the most rudimentary information. ‘We call it ‘interns and Excel’ – people will get on the phone and say, ‘I haven’t heard from you in three quarters,’ and they’ll send them a PDF or a Google spreadsheet,” said Raymond Luk, founder and chief executive officer of Hockeystick.co, a financial-technology startup that helps companies share financial and other relevant data with investors. ‘When you add it all up, there are hundreds of millions of dollars being discussed as if [...]

1.7 million Canadians work from home

itg2016-05-25T12:14:25-08:00May 25th, 2016|News & Updates|

"Like many Canadians, Carla Holub has gladly given up commuting for the ease and comfort of working from home. The 41-year-old WestJet sales agent says she has no regrets since she made the change three years ago to work from home. Telecommuting affords her the time to take her children to dance lessons and hockey while reducing her lunch, coffee, gas and car insurance costs, she says." As the world continues to change, and the ways in which business uses technology change, it stands to reason that the way employees will interact with that business will change, or even the way that [...]

Beer business shares sold by Beau’s Brewery

itg2016-05-23T13:35:21-08:00May 23rd, 2016|News & Updates|

East-Coast based Beau's Brewery has announced that they will begin to sell their beer business; though the sale is not taking place in the most traditional way. Rather than sell out-right the beer business is selling in shared, to the 150 employees of the brewery. "The plan is expected to take years to implement, but will see a portion of the company's privately held shares transferred to participating employees every year. Employees can pay for their shares either through payroll deductions or lump-sum payments." It's certainly an uncommon move, and one that stands to benefit for everyone involved. As owner Steve [...]

Deadline looms for businesses planning to sell

itg2016-05-20T19:14:08-08:00May 20th, 2016|News & Updates|

There is a feature in the new federal budget that has private business owners making the decision to sell their business. According to the budget, private businesses will pay more taxes on the sale of their business starting January 1st, 2017. According to The Globe and Mail, "tax experts say the move, which was intended to simplify the tax system, is inspiring some business owners readying for a sale to finally pull the trigger" to sell. Have you been thinking of selling your business? Maybe this is just the motivation you needed, and there really isn't that much time left until [...]