The Enlightened Entrepreneur: Making Your Business Work for You
“The secret of getting ahead is getting started.” – Mark Twain
There’s no question that COVID-19 has brought financial and emotional uncertainty for many throughout the past year.
If you own your business or practice, you’ve likely felt this uncertainty and continue to do so.
My new blog series, The Enlightened Entrepreneur, will take a look at the ins and outs of incorporating – hopefully providing entrepreneurs, business owners and anyone who owns a practice with helpful opportunities and the necessary tools to find financial security during these times.
Incorporating your business can provide you with many benefits and solutions to your unique tax and business-planning needs. If you’ve already incorporated your business, but feel you might not be getting the most out of it, this series will provide useful tips and strategies to make sure you are fully leveraging your corporation.
Throughout the series, I’ll take a closer look at how you can use your incorporated business to:
- Limit your personal liability
- Lower your personal income tax
- Income split with your spouse
- Maximize your investment returns
- Fund your dream retirement & achieve other goals (including strategies to minimize the taxes on the sale of your business)
- Leave a legacy
Stay tuned for the first post in the series where I discuss how you can lower your personal income tax through your corporation.
This blog series is based on my recently posted white paper, The Enlightened Entrepreneur: Achieving Your Financial Goals through Your Corporation. If you would like a comprehensive guide to why and when you should incorporate your business, as well as how to take full advantage of an incorporated business, click here to receive a free copy of the full white paper.
Information in this article is from sources believed to be reliable, however, we cannot represent that it is accurate or complete. It is provided as a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities. The views are those of the author, Matthew Lekushoff, and not necessarily those of Raymond James Ltd. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decision. Raymond James Ltd. is a Member - Canadian Investor Protection Fund.