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?

I.

Sell without a broker

You've found your own buyer — a competitor, a key employee, a family member. We run the legal side from letter of intent to closing so the deal actually closes.

Flat-fee sale help →
II.

Sell with a broker

Already listed with a broker? We're the deal counsel brokers refer to — fast turnarounds, fixed fees, and no surprises that stall your closing.

Broker-led deal counsel →
III.

Get ready to sell

Selling in one to three years? Buyers pay more, and close faster, for a clean business. Our flat-fee review finds and fixes the legal problems before the buyer's lawyers do.

Sale-Readiness Review →
IV.

Sell to your employees

Canada's Employee Ownership Trust rules let qualifying owners sell to their team with a significant capital-gains exemption. New, powerful, and few lawyers know it well.

Employee Ownership Trusts →
V.

Buying the business you work for

We act for employee and management buyers too — management buyouts, earn-ins, and EOTs. One side per deal, never both.

For employee buyers →
VI.

What's my business worth?

A free estimate from your owner earnings and typical industry multiples, plus a plain look at what moves the number up or down.

Try the free estimator →
VII.

Sell only part of your business

Take money off the table or bring in a partner without selling the whole thing — selling shares vs. issuing new shares, valuing a minority stake, and keeping control.

Selling a partial stake →
VIII.

Sell to a partner over time

Your buyer is a partner, employee, or family member who can't pay all at once. Staged buy-ins, vendor take-backs, and the security that protects you until you're paid.

A gradual, protected sale →

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
Free & no obligation·20 minutes·Fees quoted up front
British Columbia
California
By Appointment
Ottawa, Ontario
Remote & in-person available