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Methods of drawing funds from a corporation
Shareholders and family members of incorporated farming operations have a number of options for receiving compensation from their corporation. These options can range from compensation for services rendered, to a return of equity invested in the corporation or merely income derived from owning shares.Â
Feb 14, 2017
Tailor-made connections: matching financing needs to providers
For many entrepreneurs, the need to find financing can be like trying to sprint while dragging a weight along the ground. The time and effort spent researching financial sources, preparing pitches, and telling their story holds them back from focusing on the business and making their vision a reality.
Feb 1, 2017
Protecting seniors from fraud
As the baby boom generation ages, the balance of young and old is shifting, resulting in a disproportionate number of seniors.
Jan 10, 2017
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5 lessons to make inclusive leadership work
To me, inclusive leadership, means consensus building – so that every member of your team feels like they’re part of the process. But it’s never as simple as it looks. For instance, it can be easier to achieve consensus with just a few partners, but the bigger you get, the more difficult and time-consuming the process gets. With that in mind, here are some key lessons to remember when implementing inclusive strategies.
Dec 27, 2016
Qualified farm property
In a hot real estate market, farmland owners may start thinking about turning their dirt into cash.
Dec 22, 2016
The advantages of leasing farm equipment
Historically, farmers running successful businesses have preferred buying equipment to leasing, as it allows them to own assets with value that they can sell in the future.
Dec 21, 2016
Make consensus work for you – and your team
Whether looking for full or majority consensus, leaders know in theory that working closely with their team before making big decisions is more positive for both outcomes and work culture.
Dec 14, 2016
7 questions you should ask a valuation expert
Every business owner should engage a Chartered Business Valuator (CBV) because they are professionals specifically trained in the field of valuation.
Dec 13, 2016
Large farms, beware of this tax trap
Many incorporated family farming operations in Canada are able to use a 15 per cent corporate income tax rate on the first $500,000 of income.
Dec 8, 2016
Law firm succession planning: retaining firm revenue while transitioning knowledge and relationships
It has been called the “pig in the python” – a graphic image of Canada’s Baby Boom generation that has moved through time and is now nearing retirement. Law firms that manage this outsized demographic wave well can position themselves to maintain their revenue streams, transition knowledge and relationships and preserve partner equity. Firms that do not take action may lose revenue and equity when partners leave for other firms or retire, causing the partner’s client relationships to be lost to the firm.
Nov 23, 2016
Three tactics to help you own your law firm brand
The 2016 Summer Olympics are now in the past, but throughout the event it was made clear who could and could not use the very protected Olympic brand and how permitted entities could use it.
Nov 23, 2016
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