Professional Corporation
Many people who run a professional corporation, don’t require all the money the PC generates. Ideally, you only want to withdraw enough for your lifestyle and taxes. The question is, what do you do with all the rest?
We employ the same successful strategies that we use for our corporate clients, to help you optimize wealth and overcome tax barriers for your PC.
What Owners of PCs Don't Know.
Your spouse and children can be shareholders of your PC. As shareholders it allows you to distribute the profits in a tax efficient way.
Furthermore, your PC can transfer its retained earnings to a holding company - that you own. This holding company can use various investment vehicles that not only can generate a passive income, but can also be used to extract a significant portion of your total wealth - virtually tax-free.