How We Help You Plan For The Future

Our goal is to earn your family's trust and become your family's Chief Financial Officer (CFO)

Insights

Proprietor, Partnership, or Corporation: How should I Structure my Business?

 

One of the most common questions we accountants get from our farming clients is whether to structure their business as a proprietorship, partnership or corporation. To determine which structure makes the most sense to you, there are a variety of factors you need to consider.

Salary Versus Dividend Income

 

The type of remuneration, whether it be salary or dividends, that an owner-manager decides to draw from their business will have an impact on both the owner-manager and their corporation. This article discusses the tax implications of receiving a salary versus dividends as well as some non-tax considerations that are of importance when deciding which form of remuneration.

Selling Your Business

 

When selling your business, there is more than the purchase price to consider; the real bottom line is the after-tax funds you retain after the sale. Tax planning ahead of time may offer you more flexibility in negotiating the terms of the sale and still end up with the same after-tax cash you expected. This article provides a non-exhaustive checklist of Canadian tax and financial planning strategies.

What business owner clients have to say about Lorkovic Wealth Management

 Thank you for always being there with our family, it makes us feel protected. 

 Knowing that your best interests are always taken into consideration offers a certain peace of mind. 

We arm you with personalized strategies and best practices
that other successful business owners use.