Business Owners

Business Succession Planning: Why plan now?

A business often represents a lifetime of work and vision. However, despite almost three-quarters of business owners wanting to transfer control or exit ownership within the next decade, barely a third have a formal succession plan in place. Lack of a plan is also the most common reason family businesses fail to survive first-to-second generation ownership.  Read more about this topic.

Business Succession Planning: Elements of a Plan

Succession planning does not take place in isolation from the larger issue of your overall financial security. An effective succession plan will examine all aspects of your financial situation. Read more about this topic.

Business Succession Planning: The process

A business often represents a lifetime of work and vision. Yet, many business owners wanting to exit ownership barely have a formal succession plan in place. Leaving business succession to chance could allow someone else to decide what happens to your business, and potentially at significant cost. Read more about this topic.

Maximize the success of your business, today and in the future, with proper succession planning

If you’re self employed or the owner of a business, planning for business succession can be like writing a Will – you know it needs to be done, but you don’t really want to do it. Read more about this topic.

Optimizing risk and reward for business owners

Business owners have a significant opportunity to build financial security for themselves and their families. The trick is to maximize this opportunity while also minimizing risk. Read more about this topic.

Protecting your family and your business

If you are a business owner, your focus is likely on the long-term viability of your business. Decisions you make today may impact your business tomorrow and thereafter. Think back to the last time you made a major purchase for your business. Before making that decision, you probably examined all your options and evaluated the costs and benefits of making the purchase. Read more about this topic.

Keyperson Protection

Business owners are usually the most important employees of the business. They provide the organization with direction, leadership, and management; but they also provide the history: how the business got started, who the people were, and how the business has grown. Read more about this topic.

Understanding Flow-Through Shares and Limited Partnerships

Flow-through shares and flow-through limited partnerships (LP’s) offer investors both a tax benefit and the potential for capital appreciation in the resource sector, typically in oil & gas and mineral exploration. Read more about this topic.

Using life insurance to unlock trapped assets

If you’ve worked hard to build up a successful business, you certainly don’t want to lose the company’s assets to corporate and estate taxes, but without adequate planning that is what may happen. However, there is a powerful financial strategy available that can help you maximize the value of your company’s assets, and transfer them to the next generation with a minimum of taxation. Read more about this topic.