Insurance Strategies for PREC
Working as a realtor, you might have considered setting up a personal real estate corporation (PREC) during some point. A PREC can offer several tax and other benefits, but it’s … Read more
retirement
The Build vs. Buy Equation
If you’re wondering what your business might be worth to an acquirer, there is a simple calculation you can use. Let’s call it “The Build vs. Buy Equation”. At some … Read more
Employee vs. Independent Contractor
When it comes to the workforce, there are two types of workers: those who are employees and those who are independent contractors. What’s the difference? Quite a lot, actually. If … Read more
What is the secret to a successful exit?
Stephanie Breedlove started Breedlove & Associates in 1992 as a way to pay her nanny. The big payroll processors weren’t interested in dealing with one person’s wages and doing it … Read more
What are the power ratios of your business?
Doctors in the developing world measure their progress not by the aggregate number of children who die in childbirth, but by the infant mortality rate – a ratio of the … Read more
How Your Age Shapes Your Exit Plan
Your age has a big impact on your attitude toward your business, and your feelings about one day getting out of it. For example, one person who runs a boutique … Read more
How to leverage the benefits of a Personal Real Estate Corporation?
What is a PREC? A personal real estate corporation (PREC) is a Canadian legal entity that allows an individual to own and control real estate in their name. The PREC … Read more
How To Avoid Disappointment When It’s Time To Cash Out
How do you avoid not being disappointed with the money you make from the sale of your company? Perhaps you’ve heard that companies like yours trade using an industry rule … Read more
How To Get a Big Company Multiple For Your Business
Big public companies trade at a significant premium over small businesses in the same industry because investors perceive big, sophisticated companies as a safer bet than small, owner-dependent companies. Services … Read more
How to Leverage Personal Pension Plan?
If you’re a business owner, the Personal Pension Plan (PPP) is a great way to save for retirement and reduce your taxes. With higher contribution limits than an RRSP or … Read more
