"Over $2 trillion in business assets are at stake as the majority
of small business owners plan to exit their business over the next decade."
What do we do?
CoActive helps preserve your legacy, commitment to community and customer loyalty while helping you sell the business to your employees. Successful transitions could benefit from the Federal government’s Capital Gains Exemption and we are poised to work with your tax professionals, lenders and other trusted business advisors through this process. We offer feasibility analysis, financing assistance, business and succession planning and transition and incorporation as noted below.
Stages of a Business to Cooperative Conversion (BCC)
Feasibility Analysis
Is Employee Ownership the right fit for the business and is the business viable?
Financing Assistance
We will assess the situation and connect you to the financing you need.
Business and Succession Plans
Development of Employee-owners, to facilitate the purchase and continued operation of the business.
Transition and Incorporation
Executing these plans; may involve legal and accounting professionals to help with business structure and tax exemption.
Who is CoActive?
CoActive was formed to bring a different solution to the obstacle of business owner retirement by creating opportunities for Employee-Owned Businesses to form and flourish under a collective approach to entrepreneurship. These business succession gaps are well documented and much research has been developed around Employee-Ownership in Canada. CoActive provides this service offering to bridge the gap between business and co-operative development in BC.
Daphane Nelson
Business Analyst
With the incorporation of CoActive, Daphane's focus on business succession planning through transition to worker-owned enterprises has allowed her to emphasize the benefits of collaborative decision-making, shared values, and equitable practices. The icing on the cake is the owner's legacy of an employee-owned business, allowing them to retire comfortably knowing their achievement has been left in good hands.
Marty Frost
Cooperative Developer
A champion for the co-op model, Marty has served as a worker, a manager, a director and an adviser in and to organizations that populate all levels of the cooperative ecosystem. For the past 45 years, Marty has devoted his energies to the development and promotion of cooperatives and non-profit enterprises. During that time he has had the privilege of working with some 240 groups of people to develop their ideas for strong community-based businesses, with a high launch/operation success rate.
Chris Galloway
Financial Strategist
Chris is the financial strategist at CoActive, specializing in guiding businesses through the financial complexities of employee ownership transitions. With over a decade of experience in Canada's financial cooperative sector, Chris brings a unique blend of financial acumen and passion for the cooperative movement.
Chris is dedicated to crafting sustainable financial pathways that empower businesses to thrive under employee ownership, ensuring a smooth and successful transition for both owners and employees.