(587)999-9555
admin@gregsmyth.ca
Facebook
Twitter
LinkedIn
Greg Smyth

Business Succession

Business Succession

Business succession planning is a process designed to assist the business owner to transition out of business and transfer ownership of business at the time of retirement while maximizing the business owner’s personal financial security.

Who's this for?
Benefits
Who's this for?
  • Key Person
  • Shareholder
  • Buy Sell Arrangement
  • Business Loan/Overhead Risk
Benefits
  • Value of your business can represent a substantial source of income in retirement, therefore proper succession planning can ensure that the risks to your lifestyle in retirement is minimized.
  • If your hope is to have your business continued by one or more family members, then you will likely need to coordinate your business plan with your estate plan and explore any tax deferral opportunities.
  • Any unforeseen events could lead to problems in your business without proper planning. Advanced planning can ensure that you, your business and family are protected.
Contact

Latest News

The Changing Face of Health Care in Canada

January 15, 2013import

  By BrighterLife.ca Canada’s aging population is going to have a significant impact on our health care needs and costs. According to The Sun Life Canadian Health Index, 90% of Canadians anticipate a financial impact if they were to experience a major…

The Stability of the Life Insurance Industry in Canada

January 14, 2013import

Given the problems encountered by some large financial institutions in the United States, how concerned should we be about the state of the life insurance industry in Canada?  It is a fact that over the past decade the number of…

Family Business Succession, Estate Equalization and Wills Variation Act

December 1, 2012import

Most parents feel strongly about ensuring that their children are treated equally in their will. For many, this is a moral obligation, and, on the surface that would seem easy to accommodate.  Often, however, this is not the case.  Most…

Posts navigation

< 1 … 56 57 58 59 60 61 62 >
© 2017 Financial Tech Tools