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MRC du Granit — Business Succession Program
QC, Canada
Supports business succession through specialized financial assistance
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MRC du Granit
grant_single|status
grant_card_status|open
grant_single_labels|preview
The MRC du Granit — Business Succession Program provides financial assistance of up to $15,000 to entrepreneurs acquiring a business in Quebec. The program supports eligible activities such as due diligence, preparation of business succession agreements, and professional fees.
grant_single_labels|terms_and_conditions
- The aid offered covers up to 50% of the total costs, with a maximum limit of $15,000 per beneficiary, excluding taxes.
- Eligible costs include due diligence to determine the fair market value of a business, preparation of the business acquisition agreement, and professional fees from specialists (such as accountants, lawyers, notaries, and HR specialists) who are qualified to engage in business succession projects.
- The sum authorized by the FQM is paid by the MRC or delegated organization according to established terms.
- Expenses incurred before the submission date of the application for financial aid, whether paid or unpaid, are excluded from eligible expenses.
grant_single_labels|projects
- Acquisition of a part or the entirety of a legally constituted business in Quebec by eligible entrepreneurs.
- Preparation of a business takeover agreement.
- Due diligence to determine the fair market value of a business.
- Professional fees for specialists such as accountants, lawyers, notaries, or HR experts involved in a business succession project.
grant_single_labels|admissibility
- The entrepreneur must benefit from financing through a Fonds local d'investissement (FLI) of the MRC or a municipality exercising MRC powers.
- The intention is to acquire a legally constituted company in Quebec.
- The company to be acquired must be legally constituted under the laws of the Government of Quebec or Canada and have an establishment in Quebec.
- If the acquirer is not incorporated, they must be a Canadian citizen or permanent resident.
- The project could also be supported by the Fonds local de solidarité (FLS); however, the accumulation of similar public assistance for the same project is not allowed.
- The involved professional for company verifications must have expertise enabling them to contribute to a business succession project.
grant_eligibility_criteria|who_can_apply
The MRC du Granit Business Succession Program is available to entrepreneurs who are recipients of financing from a Fonds local d'investissement (FLI) of the MRC du Granit. Eligible candidates include those wishing to acquire a legally constituted company in Quebec. The program welcomes applicants who are family members, employees, external buyers, or involved in collective acquisition. In addition, entrepreneurs must either be Canadian citizens or permanent residents if not incorporated. Participants must be linked to an FLI-funded project, and the enterprise to be acquired should have a legal establishment within Quebec.
grant_eligibility_criteria|eligible_expenses
- Due diligence to determine the fair market value of a business.
- Preparation of the business acquisition agreement.
- Professional fees for specialists, including accountants, lawyers, notaries, and human resources experts.
grant_eligibility_criteria|zone
- MRC du Granit, Quebec, Canada.
grant_single_labels|register
- Step 1: Confirm Eligibility
- Ensure you are an entrepreneur benefiting from a Fund local d’investissement (FLI) through the MRC du Granit.
- Verify that you intend to acquire a legally constituted enterprise within Quebec.
- Step 2: Gather Documentation
- Collect all necessary documents outlining the acquisition plan and justification for financial support.
- Prepare detailed verification reports, agreements, and professional service quotes related to the acquisition.
- Step 3: Complete Application Form
- Fill out the financial aid application form available through the MRC du Granit or relevant municipal body.
- Ensure all information aligns with the requirements as stated by the MRC du Granit.
- Step 4: Submit Application
- Send the completed application and all accompanying documents to the MRC du Granit's office.
- Use the contact information provided (address, email, phone) for any application queries.
- Step 5: Await Response
- Wait for the MRC or the designated body to review your application and inform you of their decision.
- Maintain contact with the MRC for updates on the application status.
grant_single_labels|otherInfo
- The entrepreneur must not have incurred or paid any expenses before submitting the application for financial aid, as these are not eligible for reimbursement.
- The maximum financial support available through the program is $15,000 per beneficiary, covering up to 50% of total eligible expenses, excluding taxes.
grant_single_labels|contact
info@mrcgranit.qc.ca
819 583-0181
