Clever Uses of Life Insurance by Business Owners

Clever uses of life insurance

Not many people say they love buying or the process of buying life insurance.  Who wants to discuss about the eventual demise of oneself?  There are certain situations which are reliant upon life insurance to create an insurgency of cash into a business when weathering the loss of a business owner.  There are however, clever uses of life insurance by … Read More

8 Tips To Make Your Family Business Succession Plans Successful

 Family Business Succession Plans Strategies If you are an owner in a family enterprise, the likelihood of your business successfully transitioning to the next generations is not very good.  This has not changed over the years. Statistics show a failure rate of: 67% of businesses fail to succeed into the second generation 90% fail by the third generation With 80% to … Read More

Does your Business Qualify for the Small Business Capital Gains Exemption?

Small Business Capital Gains

Selling Your Business Doesn’t Mean You Qualify for the Small Business Capital Gains Exemption As a business owner, you may be aware that when you dispose of shares in your business you could receive an exemption on all or a portion of the capital gains that ordinarily would be taxable. This is due to the Lifetime Capital Gains Exemption which … Read More

Are Your Business Succession Plans in Place?

7 succession planning best practices for business owners In my dealings with business owners over the years, there are a number of similarities that consistently are apparent in dealing with company succession plans: there often isn’t an absolute succession plan in place; not enough time exists between planning an exit strategy from their business and executing upon it; and part … Read More