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Money Inside a Corporation
Feb 14, 2019 | The Navigator
As a business owner, you most likely rely on the income generated by your corporation’s business to fund your lifestyle. You may also hope that your business accumulates sufficient capital to meet your income needs in retirement.
You own a business. You’ve worked hard to get it to where it is today. One day – whether in one year, 10 years, when you pass away, or at some other time– someone else will run this business. If you’d like to decide in advance who that “someone else
Cash Flow and Growth: Are you making headway? In the short term, look at after-tax cash flows in against your outflows. Review bank account statements and credit cards. For longer-term investments, contact your Wealth Advisor for a total return
You thought about succession, but lack of time, lack of interest, and focus on short-term goals stopped you. Yet you wanted to ensure your family’s wealth continues. So your money could be wealth beyond your kids. Planning to ensure it’s preserved.