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MRC Beauce-Centre — Business succession
QC, Canada
Financial aid for entrepreneurs acquiring Quebec businesses
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
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grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
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- MRC Beauce-Centre
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grant_card_status|open
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The "Relève entreprise" grant offers financial assistance up to a maximum of $15,000 to entrepreneurs benefiting from a Fonds local d’investissement (FLI) loan to support the succession or transfer of businesses in the MRC Beauce-Centre. Eligible activities include due diligence for market value assessment, preparation of business transfer agreements, and professional fees for specialists involved in business succession projects.
grant_single_labels|terms_and_conditions
This grant offers financial assistance aimed at facilitating the acquisition or transfer of businesses in the MRC Beauce-Centre area by covering specific service costs. The financing modalities ensure support is provided for specialized services required during the business succession process.
- Co-financing covers up to 50% of the total costs incurred for eligible services, such as due diligence and preparation of business takeover agreements.
- A maximum financial assistance of $15,000 plus taxes is available per recipient, ensuring affordability of essential services during the business acquisition process.
grant_single_labels|projects
This grant provides financial assistance for entrepreneurs engaged in business succession or acquisition projects within the MRC Beauce-Centre. It supports specific activities related to the evaluation and legal acquisition processes of businesses.
- Conducting due diligence to determine the fair market value of a business.
- Preparation of the business acquisition agreement.
- Payment of professional fees for specialists involved in the business succession project, such as accountants, lawyers, notaries, or human resources experts.
grant_single_labels|admissibility
The eligibility for this grant is based on specific requirements related to the entrepreneur and the business to be acquired.
- The entrepreneur must benefit from financing by a Local Investment Fund (FLI) from an MRC or a municipality exercising MRC powers.
- The business to be acquired must be legally constituted in Quebec.
grant_eligibility_criteria|eligible_expenses
The grant covers specific expenses incurred in the process of acquiring a business through financial support for specialized services.
- Due diligence services to determine the fair market value of a business.
- Preparation of the business acquisition agreement.
- Professional fees for specialists such as accountants, lawyers, notaries, and human resource experts involved in the business succession project.
grant_eligibility_criteria|zone
This grant is specifically available to entrepreneurs benefiting from local investment fund (FLI) financing in specific regions of Quebec. Eligible locations are targeted to facilitate business succession or transfer within the MRC jurisdictions.
- MRC Beauce-Centre, Quebec.
grant_single_labels|register
Here are the steps to apply for the Relève entreprise grant:
- Step 1: Validate Eligibility
- Contact Diane Pouliot to confirm your eligibility for the grant.
- Email: diane.pouliot@bceconomique.com
- Phone: 418 397-4354, extension 223
- Step 2: Prepare Application Package
- Gather all necessary documentation demonstrating alignment with the grant criteria, such as proof of FLI funding.
- Prepare documents related to the business you intend to acquire, including legal documentation and valuation details.
- Compile a list of professional services required and obtain corresponding quotes if necessary.
- Step 3: Submission of Application
- Submit your complete application package to the designated contact point or procedure provided by the funding source.
- Step 4: Response from Funding Body
- Await confirmation or further instructions following the submission of your application.
- Address any additional requests for information or documentation promptly.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The aid will cover up to 50% of the eligible expenses, with a maximum of $15,000 plus taxes per beneficiary.
- The grant is specifically intended to aid in the acquisition process of a business, emphasizing diligence and professional advisory costs.
- The public aid for projects of a similar nature cannot be combined, to avoid overlapping financial support for the same initiative.
grant_single_labels|contact
diane.pouliot@bceconomique.com
