Business Continuation Planning | Business Owner Solutions
Business continuation planning – It is a process of planning financial security to ensure that:-
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You have enough income in retirement to support your desired lifestyle.
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You are currently maximizing the tax planning opportunities available to you.
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You have a savings plan in place to cover anticipated future expenses, for example- children’s education, wedding, recreational property purchase.
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The financial needs for you and your family including your estate are met in the event of disability, critical illness or premature death.
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You have an estate plan in place that ensures that your estate assets go to your intended beneficiaries and minimizes taxes.
Business continuation planning is woven into the larger issue of ongoing financial security for you and your family. It makes sense to examine these other larger issues of financial security planning at the same time. Your planning focus will also shift as your business moves through the stages of the business cycle – survival, growth and maturity.
Process involves-
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Risk Management – premature death, will, disability, critical illness.
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Retirement planning – Registered plans, Asset allocation, Non-registered savings plan.
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Other savings goals – children’s education, Tax minimization.
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Key person protection, buy sell agreements, business loan protection, benefits planning.
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Ownership transition, Management transition, Retirement planning.
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Power of attorney, Tax planning, Trust planning.
To receieve your - Business Continuation Planning Kit, at no cost, please contact us.
Please have your Advisor Contact Me
