MRC Beaharnois-Salaberry — Company succession

• The applicant must be an entrepreneur receiving financing from a Fonds local d’investissement (FLI) of an MRC or a municipality with MRC powers.
• The business to be acquired must be legally constituted under the laws of Quebec or Canada and have a physical establishment in Quebec.
• If the successor is not incorporated, they must be a Canadian citizen or permanent resident.
• The project must have obtained funding from the FLI of the relevant MRC or municipality, and can also be supported by the Fonds local de solidarité (FLS).

Who is eligible?

• Entrepreneurs interested in acquiring a legally constituted business in Quebec
• Family members, employees, or external buyers, including collective succession projects

Who is not eligible

• Businesses not legally constituted under the laws of Quebec or Canada.
• Companies without an establishment in Quebec.
• Entrepreneurs not linked to a project financed by a Fonds local d’investissement (FLI) or equivalent municipal fund.
• Applicants seeking funding for expenses incurred before the application is submitted.
• Projects attempting to accumulate public aid of the same nature for the same initiative.

Eligible expenses

• Costs for due diligence to determine the fair market value of a business.
• Preparation fees for the business succession agreement.
• Professional fees for specialists such as accountants, lawyers, notaries, or human resources experts involved in the business succession process.

Eligible geographic areas

• Companies located in Quebec.

• Public aid of the same nature from multiple sources for the same project will not be approved.
• The professional engaged for business verifications must have proven expertise relevant to business succession projects.
• The program provides a model personal balance sheet as a useful document for application preparation.
• Additional supporting documents may be requested by the program administrators during the application process.