Business Planning
Whether you’re a current or prospective business owner, the decisions you make will have far-reaching consequences — not only for your company but also for you and your family. Throughout its lifespan, a business consumes a significant amount of your resources, time, and attention, and the financial security of your family may be dependent on its success.
Planning ahead can help you protect the company you’ve worked so hard to develop, reach your business goals, and ensure your long-term success. Wherever you are in the tough and rewarding journey through the life cycle of your business, your experienced legal, tax, and investment advisors are there to assist you to make the essential decisions.
Key Items to consider business planning are:
The structure of your business:
- Sole Proprietorship
- Partnership
- Corporation
And the pros and cons through each of these lenses:
- Administrative costs
- Level of control
- Legal Liability
- Convenience
- Business Continuity
- Investment Capital
- Tax Considerations
- Protection from Creditors
- Risk Management
- Selling the business
The information contained herein has been provided for information purposes only. The information has been drawn from sources believed to be reliable. Graphs, charts and other numbers are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change which may impact the information contained in this document. Wellington-Altus Private Wealth Inc. (WAPW) does not guarantee the accuracy or completeness of the information contained herein, nor does WAPW assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Before acting on any of the above, please contact your financial advisor.
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