How we can help:
1. Moving money out of harm's way
When your business generates profits beyond what you need to run it, leaving that money inside the operating company exposes it to business liabilities. Working alongside corporate tax and legal experts, we can help you explore holding company structures so you can move surplus capital into a separate entity without paying personal tax. It is there that the capital can be diversified to grow independently and is better protected.
2. Getting your pay structure right
How you pay yourself from your business has a bigger impact than most founders realize. Salary and dividends are taxed differently, affect your personal contribution room in distinct ways, and change how much the business retains. A tax professional can run the numbers specific to your situation, and we can help translate those numbers into a wealth/legacy plan that fits your current lifestyle requirements and future goals.
3. Timing your ownership structure for maximum exit benefit
If you ever plan to sell your business, there may be changes in ownership structure required, which need time to unlock their optimal tax benefits. For example, setting up a Family Trust (a legal structure that lets multiple family members benefit from the business' growth) typically needs to be done at least two years before a sale to benefit from certain lifetime tax exemptions. Our exit planning process helps you identify this timing early, and connect you with the right legal and tax professionals to help you take action.
4. Seeing your full financial picture
Founders may have an idea of what their business is worth, but do not have a clear view of how it fits into their full financial picture. We can help build a dual financial model that identifies both your business’ value and growth, and what you personally own that isn't tied up in the company. This gives you a complete, honest picture of where you stand from a total wealth perspective, and what your projected future could look like.
