Parwez Financial Group Ltd.
  • HOME
  • ABOUT
    • About
    • Strategic Partners
    • Testimonials
    • Community
    • Privacy Statement and Website Terms of Use
  • SERVICES
    • Business Stages
      • Business Continuation
      • Business Succession
      • Executive Benefits
      • Group Benefits
    • Life Stages
      • Starting your career
      • Growing Families
      • Mature Families
      • Preparing for Retirement
      • Retirees
      • Estate Planning
    • Insurance Planning
      • Life Insurance
      • Mortgage Insurance
      • Critical Illness Insurance
      • The Need for Personal Life Insurance
      • Whole Life: A Whole New Investment Class
    • Farms
      • Corporate Owned Life Insurance
      • Corporate Insured Retirement Program
      • Key Person Insurance
      • Estate Equalization
      • Buy Sell
    • Business Owners
      • Individual Pension Plan
      • Corporate Owned Life Insurance
      • Corporate Insured Retirement Program
      • Key Person Insurance
      • Immediate Financing Arrangement
      • Estate Equalization
      • Corporate Estate Bond
      • Buy-Sell Agreement
    • Incorporated Professionals
      • Insured Retirement Program
      • Immediate Financing Arrangement
      • Individual Pension Plan
  • RESOURCES
    • Resources
    • Insurance
    • Tools
  • ARTICLES
  • CONTACT
  • info@parwezfinancial.ca
    306-525-2523

Business Succession

I WANT MY KIDS TO TAKEOVER THE FAMILY BUSINESS

Business Succession

Business succession planning is a process designed to assist the business owner to transition out of business and transfer ownership of business at the time of retirement while maximizing the business owner’s personal financial security

Purpose
Who's this for?
Benefits
Purpose

Addresses all eventualities including the possibility of death, critical illness or disability of a business owner.

Who's this for?
  • Key Person
  • Shareholder
  • Buy Sell Arrangement
  • Business Loan/Overhead Risk
Benefits
  • Value of your business can represent a substantial source of income in retirement, therefore proper succession planning can ensure that the risks to your lifestyle in retirement is minimized.
  • If your hope is to have your business continued by one or more family members, then you will likely need to coordinate your business plan with your estate plan and explore any tax deferral opportunities.
  • Any unforeseen events could lead to problems in your business without proper planning. Advanced planning can ensure that you, your business and family are protected.
Learn More

Latest News

Update on Taxation Changes Affecting Private Corporations

February 18, 2018Parwez Financial

Owners of private corporations should be concerned about proposed tax changes being explored by the Department of Finance.  In the Federal Budget of March 2017, Finance expressed their concern that private corporations were being used by high income Canadians to…

Budgeting

January 5, 2018Parwez Financial

If you’ve made a resolution to be more disciplined with your spending, or you’ve overspent over the holidays, a budget is a good way to get back on track.  Here’s a good article from Practical Money Skills that you might…

The Importance of Critical Illness Insurance in Retirement Planning

January 5, 2018Parwez Financial

There are a number of obstacles that could potentially de-rail a comfortable retirement. These include marriage breakdown, a stock market crash, and being sued. Another huge obstacle would be the diagnosis of a life threatening critical illness affecting you or…

Posts pagination

< 1 … 17 18 19 20 21 22 23 … 51 >

Business Stages

Business Continuation

Business Continuation

Group Benefits

Group Benefits

Business Succession

Business Succession

Executive Benefits

Executive Benefits

Contact Us

Parwez Financial Group Ltd.
Tel: 306-525-2523
Email: info@parwezfinancial.ca

207 – 4401 Albert Street
Regina, SK
S4S 6B6

About

We take pride in designing and providing unique, innovative and tax-efficient insurance solutions for our clients in collaboration with their legal and tax advisors. Our focus is strictly on the analysis, audit and implementation of appropriate strategies involving risk-management products from top-rated insurance carriers in Canada for our client’s personal and corporate needs. We work in collaboration with our seasoned associates who specialize in their respective fields of financial and investment planning
© 2019 Parwez Financial Group Ltd