{"id":1189,"date":"2021-06-23T09:30:01","date_gmt":"2021-06-23T09:30:01","guid":{"rendered":"https:\/\/financialcare1.ca\/?page_id=1189"},"modified":"2021-09-16T12:19:06","modified_gmt":"2021-09-16T12:19:06","slug":"professionals","status":"publish","type":"page","link":"https:\/\/financialcare1.ca\/professionals\/","title":{"rendered":"Professionals"},"content":{"rendered":"\t\t
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Professionals<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Your success deserves special attention.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tLearn More<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Professionals<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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As Professionals and business owners, we recognize the difficult tasks of running all aspects of your practice, while being able provide a work \/ family life balance. We recommend Buy Sell, and Shareholders Agreements where there are multiple partners or owners.<\/p>

Our team will provide clarity where there is complexity, present an easy to understand quality financial plan with built-in solutions to your needs while maintaining harmony in your family circle when transferring to the next generation. We believe that all professionals are unique and deserve a well thought out, and comprehensive road-map which we will review regularly and update all as needed.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Professionals<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Are you the right fit? Find out… Click Here<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t Why Should I Have a Buy-Sell Agreement?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Without a buy-sell agreement, you could find yourself sharing the reins of your LLP or corp with your former partner\u2019s spouse, children, or someone else. Would you want to be in business with someone who knows little about your business and does not have skin in the game?<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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A buy-sell agreement in basic terms, is an exit strategy for you and your business partners. It can protect you, your family, and partners, because it sets ground rules for how ownership shares should be dealt with or restructured, should you, or one of your partners leave the business.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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If you ever need to act on your buy-sell agreement, the money will change hands. Do you have a cash account set aside for this purpose? Sources of revenue could include cash, CSV, installments, or collateral loans. Many shareholders and partners utilize life insurance as a cost- and tax-efficient solution. Cash values, also known as CSV, are available. If an entity-redemption agreement is in place, the Entity, LLP, or Corporation purchases individual life insurance contract on the lives of each owner. The entity then funds the monthly or annual premium and is both the owner, the beneficiary of the agreement.\u00a0\u00a0When an owner of the policy passes away, the LLP, Corporation, an or Entity uses the income-tax-free sheltered death benefit to purchase the deceased owner\u2019s shares. A cross-purchase buy-sell,allows each owner to buy a policy on the other owner(s). When one of the owners\u2019 passes, the surviving owner(s) use the death benefit to purchase the deceased owner\u2019s shares.\u201d<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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When entering into an LLP or Corporation, You should consult with an experienced CPA, Lawyer, and a Risk Management Specialist who can provide the education and the roadmap required to structure your entity.\u00a0Peters Wealth Management offers complimentary and customized risk management as part of our planning service.<\/strong><\/b><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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All shareholders included in your LLP, or Corporation, run the risk of Death, Disability, Failure of Health, and eventually Long Term Care.\u00a0Ask yourself this: If something were to happen that affected my ability to earn an income, how would I fare? What if this happened to my partner(s), how would it affect my LLP or Corp?<\/strong><\/b><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t What are the disciplines of Financial Planning required?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Tax Planning, Cash \u2013 Flow, Education, Debt, Investment, Insurance, Retirement, and Estate.\u00a0Many financial advisors only provide Investment & Insurance products.<\/strong><\/b>We will provide both a personal and corporate needs analysis, then provide portable solutions designed to grow with your practice. It is our firm belief that all LLP\u2019S, Partners, should receive complete holistic advice.\u00a0Peters Wealth Management provides a comprehensive financial plan.<\/strong><\/b><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Peters Wealth Management does not charge a fee for building a holistic financial plan. Consultations provided at No Cost, No obligation to all. Full financial disclosures provided transparently and at the time of any transaction executed at the request of the client.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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A well-designed estate plan will provide a road map for the transfer of property from one generation to the next while reducing or deferring taxes. However, as a farmer, you may have other estate planning objectives:<\/p>