Entrepreneur
It takes an entrepreneur to understand the needs of an entrepreneur. At Summit Private Wealth, we help manage your wealth so that you can focus on what you do best, running your business. With the pace of business today, planning often falls by the wayside; we are here to pick up the ball so that you can keep running.
Drawing on our experience, these are some of the key risks faced by business owners, and the questions you need to ask to avoid them.
Organizational planning
- How should I own the shares of my company?
- Do I have a need for a holding company?
- Do I need an inter-vivos trust?
Taxation liabilities
- Do I take a salary or a dividend?
- Do I utilize the capital dividend account correctly?
- Am I income splitting with family members?
Passive investments
- Am I utilizing a corporate structure?
- Are my investments giving me the best tax treatment given my global situation?
- Is an IPP or an RCA in my best interest?
Insurance & creditor protection
- Can I benefit from a corporate estate bond?
- Have I protected myself from my partners’ estate?
- Have I creditor proofed my assets?
Succession matters
- Do I need an estate freeze?
- Will I need to purify my company?
- How do I transition my assets most efficiently?
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