Benefits Of A Holding Company
Your business is up and running. However, with increasing profits comes the potential for higher capital gains when the business is eventually sold.
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Advantages Of Incorporating Your Small Business
Since our economy is fueled by Canadian business, the government encourages incorporation by providing incentives for Canadian small businesses. The benefits, including limited liability, the opportunity to defer taxes and the relative ease of raising capital, may make incorporation an attractive option. The decision to incorporate a small business, however, depends on a number of factors, and will vary from business to business.
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Business Transition Planning
Establishing a business and making it a success is not easy. Transitioning out of that business can be even more difficult. But, the decision to retire or move away from day-to-day management is one of the most important decisions you will make. A business transition plan is the first step in securing the future of your business and ensuring that your own personal retirement goals are met.
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