Avoiding the Pitfalls of a Family Business

Approximately 80% of all businesses in Canada are family owned. Ranging in size from behemoths like Bombardier and McCain Foods Limited, to small mom and pop corner stores, these companies form the backbone of the Canadian economy and face the same challenges as any other. However, more personal relationships exist within a family business and create many different considerations, especially when things go awry.

Using a Family Trust for Tax Planning

There are many reasons to start, grow and maintain your small business, but no matter why you’ve started it, it’s undeniable that you need to profit to survive. That’s why it’s so important that your business be structured in an appropriate manner to maximize the amount of after-tax cash that […]

The 9 Key Players of Succession Planning

To make a plan successful, the right players need to be involved. This includes a variety of stakeholders from both inside and outside the business. Each one will play a critical role in helping to ensure a smooth transition. Below, you’ll find the 9 key players when it comes to […]

Planning for the End: Why You Need an Exit Strategy

Writing an exit strategy might be compared to writing a will; you know you should do it, but you don’t really want to think about it. That said, you’ll want to take the now time to consider life after business, even if your entrepreneurial journey is just beginning.

How to Plan Your Exit

Exiting a business is not usually as simple as closing your doors. Here’s guidance on how to write your operations plan around your exit plan.

Meet Nerissa Allen, Black Business Association of BC

The pandemic has shone a light on the inequalities that disproportionately hurt Black Canadians, and has underscored the need to restart our economy in a way that allows all Canadians an equal chance to succeed Justin Trudeau, Prime Minister of Canada.

Across Canada, Black entrepreneurs face barriers to starting […]