Stephen B.H. Smith CEB, CFP, PRP Customized Life Insurance Solutions

Business Succession

Very few businesses make it successionfully into the second generation of owners and fewer still to the third generation.

Yet it is a dismal prospect for a business owner to see his or her life's work being sold out of the family or run into the ground on account of family disagreements. But it happens all the time.

We take a holistic approach to our clients who own their own businesses. We try to assess the strengths and weaknesses of would-be heirs and develop strategies that will compensate other family members for not inherriting the business.

It is vitally important to keep the family relationships at home and the business relationships at the office.

Stephen B. H. Smith, Yorkminster Insurance Brokers Limited | 105 Dorset St. West, Port Hope, Ontario L1A 1G4, Canada
Tel: 905-885-4977 | Toll Free: 1-800-668-1751 (in Canada) | Fax: 905-885-2556 | sbhs@yorkminster.ca