We have a deep understanding of the lifecycle of a private enterprise, which allows us to develop strategies that truly work for you. From starting out to estate planning, we’re able to provide insight and expert advice. No matter what stage you’re in, we’ll meet you where you are.
Start-Up
This first stage involves a number of important decisions, such as deciding between incorporation or proprietorship. From there, the focus turns towards optimizing business expenses, accounting system set-up, bookkeeping considerations, GST/PST, payroll and, in some cases, corporate share structure and raising capital.
Growth
As a company grows, it is essential to proactively seize opportunities and troubleshoot potential problems. At this point, top-of-mind issues may include Notice to Reader versus Review Engagement financial statements, obtaining financing, building an internal accounting team, employees and benefits, planning for a Lifetime Capital Gains Exemption and considering stock-based compensation.
Maturity
With steady, predictable revenue and a solid market position, attention often shifts to expansion within or outside of Canada, acquisitions and related due diligence, bringing on a strategic partner or minority investor, corporate reorganization, and life and key person insurance considerations.
Sale/Succession
When it’s time for the next generation to step in, an effective succession plan allows for the business to be seamlessly passed on to family members. Or, if a third-party sale or management buyout is the preferred course of action, then weighing an asset versus share sale and handling the associated due diligence will be priorities.
Estate Planning and Wealth Preservation
We develop tax estimates for estate planning, alter ego or joint spousal trusts, and make sure there is adequate insurance in place. By planning ahead, we’re able to minimize tax and ensure your legacy continues.
Helping You Navigate Forward
Get trusted advice and customized solutions from our Vancouver accounting and advisory firm.
