Financial Planning for Your Corporation
You build your company to give yourself more time, freedom and wealth. When it comes to generating personal wealth, it isn’t as simple as just paying yourself more, as this will result in higher taxes. To extract the most value from your business it will require proper investment and insurance strategies.
Entrepreneurs Wealth Management works with individuals who either have an operating company or a professional corporation. Our clients range from doctors, lawyers, dentists, to business owners running industrial, commercial and retail ventures.
Building Your Corporate Wealth Plan
Meeting 1 - An Introduction to Corporate Wealth
We start by gaining an appreciation of your corporate life, personal life, decision making process, circle of influence, succession goals, and address your expectations.
At this stage, we’ll make a decision if we are a good fit to work with each other. It isn’t just about your capital and stature in society - ultimately, we need to get along.
We finish our meeting by creating your file and gathering financial information.
Afterwards, we’ll complete an analysis of your existing investments, corporate setup, shareholders agreements, insurance plans & policies, group benefit plans, and other arrangements.
Meeting 2 - Concept Meeting
After going through all the documentation we’ll have a good idea of the solutions we want to discuss. This meeting will allow us to explain - in simple terms - the investment vehicles your corporation can own, how they work, and what their tax implications will be. Lastly, with your understanding, we can discuss the funds available for your specific investment vehicles.
Meeting 3 - Presenting Your Corporate Wealth Plan
At this stage, we will show you the investment vehicles and funds we have selected. We will run projections of expected returns, discuss risks, and management style.
Our expectation, is that we will iron out any changes, and use this meeting to finalize the plan.
Meeting 4 - Implementing and Signing Your Personal Wealth Plan
With your involvement and input, you will have gone through the comprehensive steps in developing your corporate wealth plan. Bring your best pen, and we’ll provide your favourite beverage to celebrate this accomplishment in starting your Corporate Wealth Plan.
Financial Reviews, Monitoring and Adjustments
Each calendar year we want to act proactively and create goals for your company. We'll monitor these goals, and make continual adjustments to your Corporate Wealth Plan to ensure that your company is on target. Typically, we will conduct 1-2 meetings per year at our office, by phone or your favourite restaurant.
