Providing Wealth Security
for Your Business & Family

Business Succession

Succession planning is the process of determining how you are going to transfer your business ownership in the future while preserving your financial security. Depending on the size of your business, we collaborate with other professionals to help best plan your succession.

A successful succession plan includes:

    • Ownership Transition
    • Management of Transition
    • Retirement Income Planning for the business owner
      • Individual Pension Plan (IPP)
      • Insured Retirement Plan (IRP)

An important part of your succession plan is tax minimization. The amount you, your business and your estate pays in taxes depends on how you structure your financial plan. Tax minimization strategies should be an integral part of your business planning process.

The tax minimization strategies we help you with include:

  • Taking advantage of tax exemptions upon selling your business
  • Deferring tax liabilities
  • Reducing any probate fees that might be charged to your estate upon your passing
  • Help to ensure funds are available to cover tax liability
  • We work with yours or our network of professionals to ensure full integration and implementation of suggested strategies

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