01 Jun 2019 | Blog Business Owners Estate Planning

10 Essential Decisions for Business Owners

Business owners can be extremely busy… they’re running a successful business, wearing lots of hats and making a ton of decisions. We’ve put together a list of 10 essential decisions for business owners to consider at some point in their career.  These important and tough decisions are everything from considering the corporate structure to retirement and succession planning.  The 10 essential decisions we talk about in this video are:

  • The best structure for your business (ex. Sole Proprietor, Corporation, Partnership)

  • Reduce taxes

  • What to do with surplus cash

  • Build employee loyalty

  • Reduce risk

  • Deal with the unexpected

  • Retire from your business

  • Sell your business

  • Keep your business in the family

  • What to do when you’re retired

It’s often difficult to figure out the steps and find the support to make these challenging business choices without support from a professional planner.  As financial advisors, Rockmoor Wealth is uniquely positioned to help business owners with any of the ’10 essential decisions for business owners’ and many more.  Contact us to talk to about your unique situation and we can provide the guidance you need to make these decisions smooth and easy.

Take the Next Step

Our team in Nanaimo has acquired decades of experience specializing in providing quality financial advice in areas of financial planning, investments and insurance. Book a meeting with us to learn how we can help you with your finances.

Meet With Us

Our Expertise

Rather than offer our clients generic, mass-market financial solutions, we work exclusively with a small number of privileged clients who benefit from the expertise of skilled wealth management specialists. With our professional qualifications, we are highly experienced in creating close and trusted partnerships with clients and delivering innovative solutions.

Learn More