A wise person said, “Death and taxes….both a certainty in life.” The purpose of an estate freeze is to 1. establish with certainty the amount of the taxes that would be due on the passing of the owner of a business 2. allow the future growth in the value of the shares of the company […]
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I have previously written about the why of family meetings and how to commence family meetings. From experience, I have found that out of the gate, family meetings will start with a flourish. Family members are engaged and enthusiastic at this early stage. However, without a champion in the family to make the meetings happen, […]
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Can you solve your own family matters/issues? – each family faces issues, financial, relationship, misunderstandings, from time to time. – like many families the conflict may bubble over for reasons not directly related to the actual issue – we call this baggage – how can your family work amenably through such issues? – ignore the […]
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Choosing the next leader for your family enterprise should not be a Darwinian experiment, survival of the fittest. At some point, you may be faced with the decision to pass on the business to the next generation. This decision should be a rational one, made with the best interests of the enterprise in mind. Some […]
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What are your responsibilities as an owner of a business? We must distinguish ownership from employment in a business. They represent two very different roles. Often in family enterprises, distinguishing between different roles has blurred lines. The topic today will centre around ownership. We will address some considerations around ownership that a share owner should […]
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