Estate Planning

Markham Business Experts Advising on Estate Planning for a Smooth Transfer of Wealth

For many, estate planning is an uncomfortable topic they tend to avoid. Few people like to consider the complexities and complications that they, their family, and their business could face if the worst should happen. However, planning for the worst-case scenario is a crucial step if you want to ensure that your legacy is protected and your wishes are carried out as you intended.

North America is on the Verge of the Largest Intergenerational Wealth Transfer in History

Over the course of your lifetime, you and your family have accumulated assets and built wealth. In order to be certain that the wealth you built is distributed to the successors you choose and that your legacy and business are protected, a comprehensive estate plan is essential.

A thorough estate plan will ensure your assets and wealth are managed as you intended and that your hard-earned business will be in the hands of the successor you have chosen. When planning to transfer your wealth, there are questions you should consider:

  • Who do you want to share in your wealth?
  • When and how should your assets become accessible?
  • Who will be the successor to your business?

That’s where the experienced personal and business advisors at KSSP Partners LLP can help. It’s never too early to start thinking about your succession plan. Our knowledgeable business experts can create a tailor-made estate plan capable of resolving any complexities or concerns that you and your business need addressed to achieve a smooth transfer of wealth.

Business Succession Planning

Developing a business succession plan is critical in determining how you will transfer your business’ ownership and transition away from a leadership role. Having a solid plan in place will ensure that your business will not be negatively impacted when you are ready to retire or should you experience an unforeseen event.

The trusted advisors at KSSP Partners LLP can help you create a business succession plan that will safeguard your business legacy and ensure it will continue after you are ready to move on.

Estate Planning

Without a careful and thorough estate plan, there is a risk of exposure to excessive income taxes on your estate as well as an arduous process for the distribution of assets and higher than needed probate fees. We can help you establish a plan that will protect your business’ legacy and ensure financial security for loved ones and key business stakeholders. Let us help you take care of your next generation.

At KSSP Partners LLP, the first step in any estate planning process for our experienced business consultants is to understand what our clients envision for the future to achieve what they want. We then devise a step-by-step plan to ensure the decision-making is optimal for tax purposes and the intended outcome is achieved.

Trusted Markham Business Advisors Providing Estate Planning and Business Succession Solutions Across Ontario

At KSSP Partners LLP, our team of experienced advisors ensures that our client’s wealth is managed as they intended and passed on to their chosen successor. By taking the time to understand our clients’ wishes for the future, we establish an individual plan to meet their individual needs. Let our dedicated team help you develop an estate plan to meet the needs of both you and your business. To learn how we can help you, contact us online or by telephone at 289-554-5997.

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Services

Your Local Small-to-Medium-Sized Business Advisors.

We offer customized service for your specific needs. We will focus on understanding your unique personal and business goals and your industry to ensure we continue to provide the ongoing assistance you require.

At KSSP Partners LLP in Markham, we have a sophisticated knowledge of an expansive variety of national tax issues affecting both individuals and corporations. We provide comprehensive guidance to our clients in several areas, including:

01.

Bookkeeping and Cloud Accounting

At KSSP Partners LLP, our extensive knowledge of the latest cloud-based software allows our innovative accountants to offer a proactive approach to bookkeeping and you, the client, the opportunity to update, maintain and access your business's books in real-time. This gives you the opportunity to immediately identify strengths and weaknesses and adjust your business plans accordingly.
02.

Tax

Canadian tax legislation and regulations evolve frequently and can be challenging for businesses to stay current and compliant with these developments. At KSSP Partners LLP, our team of experienced Canadian tax experts can provide you with tailored solutions to meet all your tax needs. We approach every complexity with skill and experience to ensure our clients receive the best possible outcome.
03.

Advisory Services

Whether an established business, start-up, or entrepreneur, managing your business requires you to juggle various tasks. Everything from budgeting, forecasting, and procuring funds to strategizing and optimizing business processes to save on costs. Let KSSP Partners LLP take on that burden. We understand the challenges of business management, and our Advisory Services will help you realize your financial goals.
04.

Estate Planning

While few people want to consider the necessary steps that need to be in place should the worst happen, planning ahead for any eventuality is an integral component for any business. For the transfer of wealth and ownership of a company to pass smoothly, there must be a plan for succession. The knowledgeable and professional team at KSSP Partners LLP can help you create an estate plan that will ensure a smooth and straightforward succession.
05.

Audit Services

Detailed financial statements are essential to the success of your business. A reflection of your company's financial health, they also aid in making informed monetary decisions. Errors can result in expensive consequences. Let the capable and experienced team at KSSP Partners LLP help. We can review your business's internal controls and provide actionable suggestions to ensure strict regulatory compliance and the seamless functioning of your business.
06.

Business Succession

Whether your business is just starting out, firmly established, or you are ready to begin winding your business down, a concise plan for what happens to your company when you are either no longer willing or able to operate it is a crucial element for any successful business. That’s why developing a comprehensive business succession strategy is essential to ensuring a smooth transition of ownership.