Strategies and services for business owners

Many of our clients own a business, are thinking of selling one, or have recently divested and need to transition from operating a company to investing the proceeds.

 

With detailed knowledge of you and your business, we can offer assistance if you:

  • require access to capital

  • wish to draw cash from a holding company

  • want to transfer wealth to your heirs in a tax efficient manner

  • need advice on how to structure your shares or sell your company, or

  • have any other complex challenges

 

We will work with your accountant to structure your corporation to maximize your after-tax earnings. We can help you to consider strategies such as:

  • An estate freeze to transfer your wealth to your heirs to minimize taxes

  • An Individual Pension Plan (IPP) to help you shelter your corporate income from tax and creditors and take advantage of other benefits

  • Corporate class tax deferrals to mitigate taxes in the current year, and

  • Insurance as a tax-efficient estate planning tool

Commercial and Business Banking

Our team has a close relationship with the Business Banking, Commercial Banking and Business Advisory professionals at BMO Private Wealth. By collaborating with these bankers and integrating their advice into your overall wealth profile, we can help you:

  • Document and safeguard valuable information to preserve the value and transferability of your business

  • Prepare your business for sale and plan for a smooth succession to help you get the best possible return for the time, passion and capital you have invested

  • Invest the proceeds from the sale of the business to generate retirement income and achieve personal goals

  • Determine how much you need to invest for retirement

  • Provide access to customized Private Banking, Business Banking, Commercial Banking and BMO Trust Company services

 
When the time comes to exit your business, we will

  • Work with business succession planners, estate planners and business valuation experts to help you find a buyer if you are not transferring the company to a family member

  • Consult with legal and tax advisors to analyze your business from all angles and manage your money in the best manner possible

  • Help you create a reliable income stream for life from the proceeds of your sale

Coach you to transition from the business world to settling comfortably into the next phase of life.