Shareholder Agreements: Why have One?

Shareholder agreements are crucial for the success of any business. They serve as a bridge between financial planning and legal documentation, outlining the rights and obligations of each shareholder, clarifying the management structure of the company, and setting out procedures for decision-making and dispute resolution.
Corporate Owned Life Insurance – A Waste of Money or a Valuable Asset?

Successful businesses have one thing in common – they earn more money than they need to run the business. With this success, it can be beneficial for businesses to leave some of this surplus cash in their corporation. Active business income has favorable tax treatment (lower tax than personal tax rates in many cases). This […]
When Is a Good Time to Incorporate?

You have started a new business and are excited about the obstacles and opportunities that are before you. You have a vision to execute a product or service to market and you have officially embarked on the journey of an entrepreneur. Business licenses are in place and your operation as a sole proprietorship is in motion. How […]
Succession Planning – have you planned your exit strategy?

You may have built a successful business but have you planned your exit strategy? Preparing for succession may not be at the forefront of every business – but it should be. Having a succession plan allows for employees, owners and the company itself to have a clear direction on how the company will move forward […]
Business Owners Fail To Plan

Prepare Your Business For Sale Only 9% of business owners have a documented transition plan in place and yet 70% of small business owners plan to transition in the next 10 years*! As a financial planner I continue to meet business owners who are planning to sell or transition their company but they do not […]