BUSINESS SOLUTIONS
RISK MANAGEMENT
No matter how hard you work, there will always be things beyond your control.
That doesn't mean you can't or shouldn't prepare for whatever might happen.
We can help you develop and implement a strategy to be well-prepared for the joys and challenges of owning a business.
A company must not only sell a great product or service in order to be competitive and successful in the long-term. It must also be well-managed and forward thinking. This includes having adequate capital, maintaining stability in day-to-day operations, and offering attractive compensation packages to hire and retain the best talents.
How can your business still run smoothly should you or a key employee be unable to work? How can you attract and keep good people to work at your company? How can you be tax efficient in allocating and growing your company’s funds?
If your business partner dies, you may not want to be in business with your deceased partner’s heirs. If your partner becomes ill or disabled, you may not want him to remain part of the organization. Meantime, the heirs or disabled owner may prefer to not be part of the business and just sell their share of the business. If an owner retires or if the owners have a falling out, will the business continue or be “wound up” in an orderly manner?
These are some of the important questions we shall answer, as we help you put together the pieces needed to be a successful business owner. We can protect you and your company against uncertainties and help you sustain a stable business no matter what happens.
To know more about our business solutions or book an appointment, please contact us.
Wise business owners take steps to ensure that sudden and unforeseen changes won’t disrupt their operations.
We can guide you to become better prepared in handling the risks and uncertainties of having a business.
how we can help you and your business
GROWING YOUR BUSINESS
We can help you find access to the capital you need to expand your business or streamline your operations.
Attracting good employees
We can help you set up benefit and retirement plans that would encourage good talent to work for you.
Managing risks
We can help you offset financial losses and keep your business stable should you or any of your key employees become disabled, suffer a major illness, or pass away.
Protecting personal assets
As a business owner, your personal assets are at risk of creditor claims should your business fail. We can help you protect your personal assets and develop a creditor protection plan.
Preparing for retirement
Inevitably, you need to face the complexities of saving and planning for retirement. We can help you be well-prepared for the time to retire from your business.
Passing on the business
You may want to transition your business to your children or sell it to an outside party. We can help you develop a succession plan, so you can be better prepared for the financial and emotional repercussions of transitioning.
Our customized solutions can help your business run smoothly
no matter what happens over time.
group benefits
A benefits program gives your business a competitive edge in the job market, a cost-effective method to protect employees and their families, and a tax efficient form of compensation. We can design a program which is affordable, flexible and tailored to your specific needs.
Our innovative solutions can help you balance costs, enhance plan performance and optimize the health of your employees.
Most government health care plans don’t cover dental expenses, but it’s a key benefit for your employees and their families.
An extended health care benefit supports your employees with coverage for medically necessary expenses not provided by provincial plans. These include vision care, chiropractic and massage services.
business continuity
Successful companies survive tough times and stand the test of time. They have the wisdom to see different scenarios and the foresight to be ready for undesirable events. We can provide you with solutions to help you maintain continuity and stability in your business no matter what happens.
By insuring your key employees, your company shall receive a guaranteed lump sum amount when an injury, an illness or death stops an important employee from performing his functions. This is a cost-effective way of preventing or minimizing the losses your business might suffer should something unfortunate happen to your key employee.
Should you be forced to stop working due to a short or long term disability, your business revenue may slow down, but your company’s regular expenses – such as rent, supplies, salaries and taxes – must still be paid in order for your business to keep operating. Having business overhead insurance can help your business pay its fixed monthly expenses while you are disabled, so your business can continue to run smoothly even if you are not in the workplace.
Buy-Sell agreements provide for the smooth transfer of the ownership of the business in different circumstances. Having a buy-sell funding agreement in place clarifies how certain situations shall be resolved before they even take place and thus protects the interests of the owners and the business itself.
group retirement savings plans
Whether you’re looking for a simple plan that requires minimal effort on your part or a more comprehensive plan with greater choice in plan options and added flexibility for your employees, we can set up a customized Group Retirement Savings Plan for your company.