While all of the aforementioned life stages apply to the business owner, the addition of a business to the equation requires addition planning.
Some of the issues are:
* Succession planning both in terms of death and retirement is integral – who will take over the business thus allowing you or your family to realize value from all of the years of hard work growing the business.
* Assistance in protecting from creditors, your personal assets – there are ways and means of doing so. You would be remiss not to protect these personal assets, including your retirement portfolio.
* Estate and retirement planning and the inclusion of your business in this planning.
James Colton B.PE (Honours), EPC