Building a Legacy That Lasts BLOG
Your business is more than numbers on a balance sheet. It’s years of hard work, sacrifice, and the foundation of your family’s future.
If you’re planning to transition out of your business in the next decade through a sale, Third party buyer, employee buyout, Employee Share Trust or family succession, how you exit matters. The right strategy ensures your legacy continues, protects your wealth, and secures your loved ones.
Explore practical insights, proven strategies, and meaningful ways to make your next chapter as impactful as the one you built. Because true success isn’t just what you leave behind, it’s who you leave it for.
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13 Jaw-Dropping Statistics About Selling Your Business That Will Shock You
Strategize your business exit: 80% unsold, 30% family survival, 20-50% price boost, 80% lack plans, 75% exit in 10 years, 70% wealth tied, minimize stress with plans. #ExitPlanning
From Napkin Dreams to Multimillion-Dollar Realities: One Entrepreneur's Odyssey
Embark on a 23-year odyssey from a humble start-up fueled by a $5,000 line of credit to a multimillion-dollar enterprise. This entrepreneur's journey, encapsulated on a framed napkin, epitomizes resilience, vision, and triumph. Discover the untold tales behind the framed aspiration as success whispers through a legacy of mentorship and giving back.
How Can Early Tax Planning Save You 75% Taxes on the Sale of Your Business?
Secure your business future! Plan for the unexpected, reduce taxes on your sale, and ensure a solid retirement. Estate planning is your financial safety net. Don't wait—start now for a stress-free future! 💼🚀 #BusinessPlanning #EstateSuccess
Ready to Elevate Your Business Strategy? Discover the Power of a Holding Company
Discover the magic of holding companies – your business superheroes! They save money, reduce risks, and simplify transitions.
Why Should the AMT be on Every Business Owner’s Radar?
The Alternative Minimum Tax (AMT) is undergoing changes that could impact business owners selling their businesses or capital assets in 2024 and beyond. These changes include increasing the capital gains inclusion rate to 100%, potentially resulting in higher taxes for business owners. Understanding the implications of the AMT changes is crucial for business owners, as it may affect their tax liability and the planning of business sales. Consulting a tax advisor is recommended to navigate the complexities and develop a strategic plan tailored to individual circumstances. Stay informed to make informed decisions.
If an Unlimited TFSA Existed Through your Business, Would You Use It?
Discover the potential of an unlimited TFSA through your business. A tax-free and flexible investment opportunity that grows and withdraws tax-free. Learn how it can help reduce your tax bill and maximize your passive income. Explore the benefits and find out more today!
"Unlocking the Small Business Capital Gains Exemption: Is Your Business Eligible?"
Learn about the Small Business Capital Gains Exemption (SBGE) and the conditions that must be met for business owners to qualify. Understand the rules regarding ownership of shares and the use of corporate assets. Discover remedies for corporations that don't meet the 90% rule, such as purification and asset distribution. Be aware of the implications of selling shares to non-residents or public corporations. Obtain professional advice for complex planning and ensure compliance. Contact us for assistance and share this valuable information with others.