Episode 16 –Understanding Corporate Structures for Business Owners
Do you want to better understand your corporate structure and whether it is actually helping you achieve your objectives?
Episode 16 –Understanding Corporate Structures for Business Owners
In this episode, Frankie and Sarah dive into the essentials of corporate structures and how your structure should evolve to optimize potential tax savings and operational efficiency. Focusing on the lifecycle of a business entity, they discuss the benefits of incorporating, address the key moments when restructuring becomes crucial and explain the importance of creditor protection. Learn why business structures evolve over time, the benefits of introducing a holding company and how to prepare your business for a sale to minimize income taxes. Tune in to understand when and how to adapt your business structure as your business grows.
Frankie and Sarah discuss:
- An overview of common corporate structures for new businesses
- The benefits of introducing a holding company into the corporate structure
- The optimal time to set up a holding company
- Legal and tax advantages of separating operational assets from other investments
- How to prepare your business for sale and the steps to ensure you minimize income taxes
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Resources:
- Creditor Proofing Your Business (Ep. 8)
- Owner-Managed Businesses Part 4: The Canadian Capital Gains Exemption (Ep. 5)
Connect with Frankie Loreto and Sarah Netley
- Courtice.BakerTilly.ca
- LinkedIn: Baker Tilly Canada
- LinkedIn: Frankie Loreto
- LinkedIn: Sarah Netley
- Telephone: 905.579.5659