News & Resources

Check out the latest news on Welch Capital Partners
July 21, 2023
Is the sale of your business subject to HST?

Have you ever wondered if the sale of your business or the acquisition of a target’s business (including its goodwill) is subject to GST/HST? Well I asked Mona Tessier, Partner of Indirect Tax at Welch LLP and she said the “simple answer is yes, however, there is a special election that the seller and buyer can enact to avoid collecting/paying this tax”.

June 20, 2023
M&A Definitive Agreement Terms

After weeks or months of discussions with targets about selling your business and following the entry into a non-binding letter of intent, a substantial (50–70 pages) definitive binding purchase agreement will be delivered to you. For many business owners, this may be the first time they have seen a purchase and sale agreement. Many will be overwhelmed by the sheer size of the document and its legalization.

June 12, 2023
What is a Quality of Earnings Report?

A quality of earnings (“QoE”) report forms part of the due diligence process in a mergers and acquisitions (M&A) engagement. The objective of the report is to assist investors and analysts in understanding the true profitability and overall health of a company, as well as the company’s ability to generate sustainable earnings in the future. 

June 12, 2023
Advantages and Disadvantages of Debt Financing

The most common type of debt financing that many of us live with is a mortgage on our house. This provides a good example of the biggest advantage of debt financing. It allows us to make a large purchase that we would otherwise have to wait years to make by saving up. It is an investment that provides us the opportunity to enjoy living in our home without having to pay for it all upfront.

June 12, 2023
What You Can do as a Business Owner to Prepare for Continued Tough Economic Times

There seems to be a consensus that Canada and North America will be under tough if not recessionary times in the latter half of 2023. Having weathered the rollercoaster of the past two years, we appreciate the concern business owners are feeling as they will no doubt face yet more twists and turns in the new year.

June 12, 2023
Exiting a Minority Shareholder - Liquidity for Illiquid Investments

Investments in certain private companies are inherently illiquid for shareholders. They are even more illiquid for minority shareholders who, unlike majority shareholders, are often subject to restrictive covenants that prohibit them from selling their shares without the consent of the majority shareholders.