Practice Area · Selling a Business

Selling — or succeeding — your business.

Flat-fee legal help for owners selling a business or planning what comes next: sell with or without a broker, get your business ready to sell, or sell to your employees through an Employee Ownership Trust. Ontario-wide, for a flat fee you agree to before any work begins.

Most Ontario owners will never find a business broker — there aren't enough to go around. You can still sell, and sell well. What you need is a business that's ready, a serious buyer, and a lawyer who does this work every week. The fee is flat, and you agree to it before we begin.

Selling a business is the largest transaction most owners ever make, and it usually happens once. It runs on paper: a confidentiality agreement, a letter of intent, a purchase and sale agreement that can run 40 to 80 pages, and the tax, employee, and closing documents around them. Get those right and you're protected for years; get them wrong and the problems surface a year or two later, when it's too late to fix. This practice does that legal work, on fixed fees, for owners across Ontario — part of Smutylo Law+ and its 25 years of Canadian business and M&A experience.

A wave of owners heading for the exit.

The numbers behind why preparation, not luck, decides how a sale goes — and why most owners sell without a broker.

76%
of Canadian owners plan to exit within 10 years (CFIB)
9%
have a formal succession plan in place
$2T+
in Canadian business assets changing hands this decade
<5%
of sellers will ever be represented by a business broker

Where are you in the process?

Do you need a broker to sell?

No. A broker's job is to find you a buyer, and if you don't have one, a good broker earns their commission. But most sales don't start with a stranger — they start with a competitor who's been asking, a manager who wants to buy in, or your own family. If the buyer is already at the table, what you need is preparation, the right structure, and paperwork that holds up. That's a lawyer's job, and it shouldn't cost a percentage of your sale price.

We work on flat fees, put in writing before we start. And we work alongside brokers every day — they refer deals to us, and we send owners who need brokerage back to them. Brokers are partners here, never competitors.

Selling a business, answered plainly.

Do I need a lawyer to sell my business?

Practically, yes. Even a simple sale involves a purchase agreement, representations and warranties, tax elections, employee obligations, and third-party consents. Mistakes in any of these follow you personally for years after closing. A broker is optional; competent deal counsel is not.

Can I sell my business without a broker?

Yes, and most Canadian owners do, because there are only a few hundred business brokers in all of Ontario. If you already have a buyer, a fixed-fee lawyer-led process covers everything from the letter of intent to closing.

What does it cost to sell a business with a lawyer?

We work on fixed fees scoped in writing before we start: individual quotes for each sale, plus a flat-fee Sale-Readiness Review and a flat-fee Employee Ownership Trust feasibility assessment. You will know the number before you commit, and it will not change without your agreement to a change in scope.

Read the full owner FAQ →
Let's Talk

Thinking about selling? Talk to us early.

A 20-minute call costs nothing and usually saves owners months. Tell us where you are — buyer in hand, a few years away, or just wondering what your business might be worth.

Book a 20-Minute Call
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