Do I Need A Holding Company ?

You, (or you & others), own the shares of the company that operates your business (aka OpCo). Do you need a holding company (aka HoldCo) that would own the shares of OpCo? This is an important question. Some advantages of a HoldCo are discussed below. Setting up and maintaining a HoldCo involves administrative and regulatory compliance requirements, (similar […]

Why Do I Need To Learn To Sell To Be Successful…

This is a question that is frequently raised in our ASE meetings. Whether in business or in life in general, I feel that ability to convince and persuade, is a most important differentiator between success and failure. We all inadvertently sell. Many conversations opinions and assessments we engage in, are selling statements. Some have opined […]

Considering your business exit strategy

Considering Your Business’ Exit Strategy Over time you have nurtured your business like a parent nurtures a baby. It is your life’s work and may even be your identity. How do you sell it and get others to see its value? This is a tough transition and sometimes a rude realization. Preparing to sell a […]

Salary versus Dividends

Salary versus Dividends: How should you pay yourself? We, at Associated Senior Executive, often have clients ask whether they should take their wages as a salary or dividends. As a business owner of an incorporated business, you can derive your income from either salary or dividends or from both. What are the differences between dividend […]

Tax Time

Important 2019 Tax Reporting Deadlines for Business Owners March 2/20   RRSP Deadline for 2019 taxation year.  If you have employees contributing to a Group RRSP Plan any contributions made in the first 60 days of 2020 must be reported as such. (This allows the employee to choose which year he/she would like to apply the deduction). […]

Common issues that plague businesses

WHAT ARE COMMON ISSUES FACING SMALL BUSINESS OWNERS…? What do small business owners have to say are the hardest areas of being an owner-entrepreneur? The number of hours that has to be put in, to get the business moving forward [especially on start-up]. ‘Working in the business and on the business.’ Not having time to […]

The Benefits of an Advisory Board

Are you making the right decisions for your business? Are you on the most profitable path? What are your best options for success? What are your negative choices? Being in business can be lonely and exhausting. This is where a board of advisers not only becomes helpful but may be an essential part of the […]