The fact is:

Business owners are busy with the day-to-day operation of their company. This is the main reason thinking about succession gets neglected until it becomes urgent. To make things more difficult, not only do you need solid legal and tax structures in place but business owners need to train up the next generation of human and intellectual capital - and this demands good planning and plenty of time!

Another aspect of the problem is that the vast majority of business owners lack the knowledge of how to put a succession plan together, as well as how to approach the subject to their family. Timely and clear communication is at the core of a successful succession plan.

For family owned businesses, succession planning is critical, since just like every company they need to secure the best possible talent in every position. This puts a lot of pressure on family members, and coming up with the appropriate roles, responsibilities and career paths. In addition, questions frequently come up such as

  1. What is the role of the family?
  2. What limitations are imposed on the family members in relation to the company management?

Considering 8 out of 10 businesses in Canada are owner managed or family owned and that only 30% make it to the second generation and 10% survive to the third generation, it is vital to prioritize the execution of a succession plan, making sure the family harmony and inter-generational wealth transfer is preserved.

We look forward to serving you and helping you identify your options and the benefits of an integrated succession plan.

These are some of the benefits that a well thought strategy can heap:

  • Minimize the corporate tax bill;
  • Fund a buy-sell agreement;
  • Creditor proof owner's wealth;
  • Fund a capital gains liability
  • Company valuation analysis;
  • Owner retirement planning;
  • Provide a source of supplemental retirement income for key employees;
  • Business Governance setup;
  • Financial Literacy

 By helping you to have a clearer view of where your business is today, the next steps you need to take, and by supporting you with expert advice when necessary, your level of stress, anxiety and worry about the future goes down. This will make you more confident and in control of your future. We have been helping business owners face the most challenging times in their lives by providing timely and constructive counsel and advice.

 

What make us different?

We listen and we wait for our turn to speak.

We are committed to establishing a relationship based on keeping promises, respecting boundaries, communicating and understanding what you want to accomplish in life.

We design and implement financial plans that integrate cash flow and debt management, insurance and investment planning, as well as retirement and estate planning.

Moreover, we will create a financial plan that coordinates the work of financial, banking, insurance, investment, accounting and legal professionals.

Check the About Us page for more details.

 

Getting Started:

Contact Jose Cid at 604 229 2332 or fill the contact form below.



Or focus is on you, our client. Our focus is to help you understand the possible outcomes of the different options available to you, inspiring you to think beyond where you are now; helping you move into action and supporting you along the way. Insurance products are provided through Customplan Financial Advisors Inc Mutual funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc. The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed have not been approved by and are not those of Investia Financial Services Inc. This website is not deemed to be used as a solicitation in a jurisdiction where this Investia representative is not registered. Privacy policy: https://ia.ca/privacy-policy

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  • 1090 West Georgia Street Unit 1160,Vancouver, BC, V6E 3V7