2. Business Ownership Guide
Your guide to starting, running, and expanding your business!
Mitigating Risk!
And other resources available for you!

3. Disclaimer
Presentations are intended for educational purposes only and do not replace independent professional judgment. Statements and opinions expressed are those of the speaker and participants individually and, unless expressly stated to the contrary, are not the opinion or position of the Advisor.
The information contained herein has been prepared to assist prospective business owners in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information a prospective or existing client may desire. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data set forth in this information. We make no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) regarding information contained in, or for any omissions from, this information or any other written or oral communications transmitted to the recipients in the course of this presentation.

4. Structure Taxes Responsible for Partners Unlimited Liability Defer Tax
Sole Proprietors & Partnerships
Limited Partnership & Incorporated
Taxes
Responsible for Partners
Unlimited Liability
Defer Tax
Segregation if set up right
Limited Liability

5. Work from home vs Office
Potentially reduce overhead
Requires Motivation & Discipline
Are you prepared?
Room for resources?
By-law requirements?
Aware of health, safety & tax regulations?
Increased Overhead
Costs Go up
Coworkers/Employees
Supplies

6. Incorporation Equity financing Income control Income splitting
Small business tax deduction (possibly)
Increase in costs
Less tax flexibility
Comes with a cost

7. Funds Invest retained earnings Permanent Life Insurance Policies L.O.C
Family & Friends
Crowdfunding
Working capital advance
Factoring
Private Equity Investors
Bridge Financing
Equipment financing & leasing

8. Liability Partners Debt Sickness Disability Retirement
Buy-Sell agreements
Segregated Funds
Critical Illness & LTC Insurance
Group Benefits
Business Overhead Expense Insurance
Health Spending Accounts (HSA)
Group Retirement
Individual Pension Plan
Personal H&D Plan

9. Succession Planning Part 1
Build Value for your business
There’s always decisions
Training
Estate Planning
Contingency Planning
Why should you start now?
Protect your Legacy
Can be forced
Funding mechanisms
Involve family if appropriate
Conflict resolution
Successor

10. Succession Planning Part 2
Transfer to a family member
Identify candidate(s)
Discuss the plan
Make arrangements for the transfer/sale
Sell to a partner, management team, or employee
Someone who knows the business, and is interested in seeing it continue
Sell to a third party
Due diligence. Find a buyer, finalize the sale

11. Remember, we are not the “bad guys,” we are here to help YOU SUCCEED!
Contact your key advisors such as Accountant, Financial Advisor and Lawyer when developing your succession plan. 
Keep us up to date, and current on your situation
Set regular appointments
Make adjustments to your plan when required (it’s a living, breathing organism)
Follow up regularly!
Remember, we are not the “bad guys,” we are here to help YOU SUCCEED!

12. Implementation & Follow up
REVIEW REGULARLY
1x yearly as a BARE minimum
Insurances up to date?
Too little? Too much?
Properly funded?
Investments on track?
“Key people” living up to obligations