Holding Company in Canada: Is It Worth Setting One Up?
Adding a holding company to the corporate structure is a popular strategy for large businesses, but smaller businesses and entrepreneurs can also benefit from having a holding company. Let’s take a look at what a holding company is and the benefits of setting up a holding company in Canada. What is a Holding Company? A […]
How to Set Up Your Corporation for Success
Setting up a corporation for your business offers some of the most lucrative financial planning benefits and opportunities. When setting up your corporate structure, you should consider three components: an operating company, a holding company, and a family trust. First Step: Should You Incorporate? If you’re not incorporated, doing so will open up many options […]
Shareholder Loans: What it is and How Does it Work?
Whether you’re the sole business owner or a shareholder in an incorporated partnership, understanding shareholder loans is essential to maximizing the benefits of your corporate structure. In a time when interest rates are increasing, a shareholder loan can be a great option that offers lower interest, more flexibility and control. Let’s dive into what a […]
Should My Spouse be a Shareholder of My Company?
You likely already share a home with your spouse, but should you share your business and make your spouse a shareholder, too? Deciding whether to have your spouse as a joint company owner is a complex decision that depends on various factors. You must consider the nature of your relationship, individual involvement in the business, […]
The Difference Between an Operating Company, Holding Company, and Family Trust
As a business owner, you can structure your business using an operating company, holding company, and family trust. However, many are unaware of each entity’s different roles and how they fit into your business. In this blog, we will go over the purpose and benefits of an operating company, a holding company, and a family […]