A wealth manager provides advice on how to structure your finances to minimize your tax liability. This is especially important if you own your own business.
Corporations Are Interesting And Exciting Tax Entities
Both for entrepreneurship but also for tax and succession planning. From start-up to wind down, the ability to guide income, access certain tax incentives and more are ever-changing and can seem endless at times.
For active businesses, many questions need to be considered: what benefits package will retain your talent? Do you have a person who is so vital to your business that replacing them due to illness, disability or death would be an expensive prospect? Do partners have a funded buy/sell agreement?
Is Your Business Unusual?
For inactive businesses or holding companies, the questions are different: How tax efficient is the investing? What is the succession plan for multi-generational assets? What’s the share structure that will efficiently pay out income for retirement?
At Worby Wealth Management we have the experience and knowledge to know the right questions to ask and where to go for the solutions.
Business Planning With Worby Wealth
No matter what size or stage your business is at, you need a plan.
Planning to prepare for sale or succession is critical.
Contact Worby Wealth Management Regina to get your personalized business planning started today.