Expertise in Business Market
Reviewing your Shareholder or Partnership Agreement is crucial to ensure it's properly funded, up-to-date, and structured to minimize taxes and secure your business's future, particularly in succession planning.
Here are a few of the services we offer:
Analysis of Your Shareholder or Partnership Agreement
We offer a no-obligation review of your shareholder or partnership agreement, focusing on death, disability, and critical illness. These agreements are often overlooked, rarely updated, and frequently underfunded or unfunded.
Funding Buy-Sell Agreements
What's the best way to fund your agreement? Term insurance or permanent insurance? Our comparative table analyzes both aggregate and present value to find the most efficient and effective method for funding buy-sell agreements.
Buy-Out Provisions
The need for buy-out provisions in case of shareholder disability is often ignored, despite the higher likelihood of disability before age 65. Funding a buy-sell provision with disability insurance can be complex. Your agreement must define disability, timing, and the buy-out method.
Securing Shareholders' Loans
In case a shareholder or partner suffers a critical illness, tax-free liquidity is crucial. We offer creative solutions to guarantee liquidity for any outstanding shareholder loans.
Minimizing Capital Gains on Death
Properly structuring your agreement can help minimize capital gains payable upon death, benefiting your estate. This is especially important in light of recent increases in capital gains inclusion rates for corporations, individuals and trusts.
Insuring Key Employees
Insuring key employees can be the difference between continued success and sudden failure. Creative insurance structuring can be a powerful tool for attracting and retaining top talent.
Office Overhead Insurance
Keep your business running smoothly even when you're unable to work. Office overhead insurance covers essential expenses like rent and utilities, ensuring your operations continue uninterrupted.
Business Succession Planning
Succession planning is a trillion-dollar issue in Canada, set to peak in the next seven to 10 years. We prepare you for these challenges with tax-efficient strategies, helping you stay ahead of the competition.
Ready to Secure Your Business' Future?
Whether you're a small business owner or run a large enterprise, our expertise in business insurance, including office overhead insurance, ensures your financial stability and growth. Reach out today to discuss how we can help protect and strengthen your business.
Want to know more about your options? Book a meeting with an M Bacal Group advisor to discuss today.