200,000 Unsold Business in Quebec and 20,000 in New Brunswick.
Buying a business in Quebec
Eighty percent of businesses never sell, they are wound up. The owners, owned their jobs and the jobs were incorporated. Quebec holds the motherlode of merger taget companies for New Brunswick businesses.
Many companies in the trades desire a fair crack at Quebec construction business. Buying an existing company may solve the red tape from the over twelve entities you must satisfy to do business in Quebec.
A few thoughts; if you execute an asset sale you will not side step previous labor obligations and complaints.
Further if you are planning to start a new entity and crawl through the requirements and regulations from the twelve, easy to identify, gatekeeping organizations, note that three to five years industry tenure may be required.https://www.osler.com/en/resources/cross-border/2024/guide-to-doing-business-in-quebec
A merger with a Quebec company may not give you the compliance you are looking for if they are not compliant. Due diligence derisks your plans. There are dozens of check lists on line and numerous professionals to help.
So, asset sales, experience and professional help aside with reasonable English literacy and reading comprehension one can understand not to fight but comply. There are 25000 business in NB and 250000 in Quebec. Ten X your market!. Do business in Quebec.
