To most small business owners, their business is one of their most significant assets. They are depending on a successful sale to fund the next chapter in their lives. By not knowing the answers to key questions about their business they are putting their future at risk. Avoiding these issues becomes their elephant in the room.
CASE STUDY: Unique challenges for owner-operators wanting to plan for retirement and exit from their business -- especially if there is no opportunity for a family succession. This case study shows challenges, solutions and results for the owner of a specialty wood manufacturing business.
Michael Carter’s article offers ideas as to why the next 10 years are a race and a challenge for the financial services industry that has never been seen before. Business owner wealth transfer is a generational opportunity where advisors and firms will be made or lost.
Achieving a better exit — a more strategic succession — starts with due diligence, done early. Discovery, planning and action makes it so.
For small business owners with passive income inside a corporation, a permanent whole life dividend paying policy can safeguard wealth and save on taxes.
Understanding where you are at business-wise gives you a reality check: what company's value is, what's working and what's not. We call this pre-due diligence.
Owner of a profitable company? Here’s how to reduce taxes & safeguard wealth. Because of changes to Canadian tax laws combined with lower than optimal returns on fixed return asset classes like GIC’s or bonds savvy investors looking to participating insurance as a way to get their money working for them in more ways than one.
I am pleased to announce my strategic alliance with Ryan Witmeyer. As a wealth strategist, Ryan can create situations to simultaneously minimize tax and accelerate wealth accumulation while achieving risk management objectives. I look forward to introducing you to him. Contact me if you want to know more.
The value of your business is a discoverable fact. Knowing that number allows you to plan ahead. If you are like 98% of the other small businesses in this country, you don’t know the answer. Here are 12 reasons to get a valuation well before you are ready to sell.
As part of a business value-building strategy, permanent insurance plays a key role in value enhancement by bolstering the balance sheet. Click through to a CPA-authored Whitepaper on the topic.
Baby boomers are - or are soon to be - selling their businesses to retire. The headwinds owners will face is the gap between the numbers of businesses that will come available for sale vs. the numbers of likely business buyers. The impact? Business owners need to focus on building value in their companies to ensure they are both saleable and fully optimized to realize the best sale outcome.
How to simplify the risk management process for lenders when business owners’ assets are insufficient as security and they don’t want to trade equity for cash. Both lenders and business owners can benefit from a deeper understanding of how this process can work. And, how working with an insurance advisor with deep connections to underwriters can save time, money and headaches.