Author: Michael Louie

Who is going to benefit from your estate which would include your business and other investment assets? Have you ever had the thought (fleeting or otherwise) when you were so upset with your children and their behaviour that you swore that all of your hard earned assets would not be bequeathed equally to them?  This […]

Today, we will discuss a topic that does not directly deal with succession, your estate or death taxes.  This is relevant in order to determine the financial burden that may be brought onto the business at the time of your passing.  Do you ever quantify the “cost” to your children of your estate tax?  This […]

Conflict is inevitable, especially as you begin to transfer governance away from yourself to others. These other decision makers will begin to make their own decisions which may or may not be congruent to the decision that you would have made. This can and likely will breed conflict. You have a choice of actions: – […]

What would you do if you only had one child to be the family member on whom you bestow your family’s business?  This is commonplace in China, where there is a one child maximum policy.  Sibling rivalry will not be a dynamic with which you have to deal.  However, what if your child is not […]

‎Strategy for your business? Is this a regular exercise that you and your family go through for the benefit of your business? The idea of setting strategy is simple but it is not easy. The day to day challenges of operating a business can be daunting. It is common for many business owners to focus […]