The Small and Medium Enterprise Committee of the Indo-Canada Chamber of Commerce organized a speaker series on Succession Planning. The speakers included Larry S. Rudner, CPA, CA; and Leigh Somerville Taylor, BA Hons JD, Principal, LST Tax Law. A part of ICCC-RBC Royal Bank small business series, the event, held in Brampton, witnessed enthusiastic participation from professionals and entrepreneurs.

Brij Sharma, Director, Trade, SME and Sponsorship, ICCC , introduced the evening by emphasizing the need for all businesses to think seriously about succession planning. Sunil Heda, investment advisor with the RBC Royal Bank, introduced the speakers for the evening.

During his presentation, which dealt with all aspects of succession planning, Larry S. Rudner, asked a rhetorical question: “When does Planning and Preparation for the exit succession start?” Answering the question himself, he said, “Succession planning should commence even before you start your business.”

Leigh Somerville discussed the taxation implication of the process of success planning. These sessions were followed by a lengthy Q&A where participants sought explanations to the processes involved in succession.

Naval Bajaj, President, ICCC, presented the speakers with mementos and proposed a vote of thanks.