Michael Louie | Succession Today

Ethics and succession, my perspective

Posted by Michael Louie | Mar 6, 2022 | Family Business Succession Planning Guides and comments, Family Legacy, Succession Planning

Does your business have a soul? or does it exist just to make money and provide a comfortable lifestyle for the family, its employees and other key stakeholders? This may sound like a judgmental statement. It is not. Whether or not your business is there for a greater purpose is really up to you. There are many businesses that are there just to make money….take Wall Street for example. Some pundits allege that the greed in Wall Street is one of the reasons why the US economy is in its current state.

An estate freeze, what to do when a child becomes “bad” – my perspective

Posted by Michael Louie | Mar 6, 2022 | Family Legacy, Succession Planning, Tax Planning

What happens or what can be done in the situation where a child who is now an owner of shares of a company has a problem. These problems could include divorce, death or the fact that you do not want that child to be an owner any longer, for whatever reason, of the company.

Valuing the business – a reality check, my perspective

Posted by Michael Louie | Feb 20, 2022 | Family Business Succession Planning Guides and comments, Succession Planning, Tax Planning

The value of your business only becomes relevant when you either wish to sell it or when you pass away. Whether you live in the US with its estate tax or in Canada with its deemed capital gains tax, your heirs will likely pay some taxes upon your passing.

Your children in the business – a variation on a theme, my weekly perspective

Posted by Michael Louie | Jan 30, 2022 | Family Business Succession Planning Guides and comments, Family Legacy, Succession Planning

Do you believe that just because someone was born into the family, they should be entitled to a job within the business? and if so, how much does that family member get paid?

How much to “sell” of the business? – my weekly perspective

Posted by Michael Louie | Jan 23, 2022 | Family Business, Family Business Succession Planning Guides and comments, Succession Planning

A question faced by many business owners, once the owner has decided to begin succession and possibly sell all or a part of a business, is how much to sell of the business? This is not a question to be taken lightly and requires considered thought and input. A minority interest has not only legal […]

Author: Michael Louie

Ethics and succession, my perspective

An estate freeze, what to do when a child becomes “bad” – my perspective

Valuing the business – a reality check, my perspective

Your children in the business – a variation on a theme, my weekly perspective

How much to “sell” of the business? – my weekly perspective

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