Business Succession

I WANT MY KIDS TO TAKEOVER THE FAMILY BUSINESS

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

Purpose

Addresses all eventualities including the possibility of death, critical illness or disability of a business owner.

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.

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Latest News

British Columbia Training and Education Savings Grant Information

Jul 19, 2018

Families in British Columbia are encouraged to start planning and saving early for their children’s post-secondary education or training programs. To help, the B.C. Government will contribute $1,200 to eligible children through the B.C. Training and Education Savings Grant (BCTESG).

2018 Financial Calendar

Jun 05, 2018

Financial Calendar for 2018 - All the deadlines you need to know to maximize your benefits!

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