公司运作 【讨论】Owner-Managed Business

[maplefish]

Owner-Managed Business-Creditor Proofing

Every business owner should be concerned about creditor proofing his assets. Here are several suggestions to consider:

1.) Transfer assets out of the company:
. Place capital assets in a separate holding corporation so that subsequent legal claims that arise in the operating company do not affect these assets.
. Lease the assets in the holding corporation back to the operating company. It may be easier to sell the operating company in the future.
. Protect cash assets from potential claims. Pay tax-free dividends from the operating company to the holding company regularly.
. Establish a retirement compensation arrangement (RCA). This removes funds from the corporation as a tax-deductible expense and places the cash into a creditor-protected Trust.

2.) Secure the business owner’s assets:
. Secure the shareholder loans by establishing a general security arrangement to provide the shareholder priority over all unsecured creditors.
. Transfer assets to the lower risk spouse on a rollover basis for tax purposes. If there were a future marriage breakup, this type of property would usually be equally divided between the spouses under the provincial family legislation, regardless of who owns title.
. An estate freeze would transfer the future growth of the assets to other family members.
. Transfer the assets into a Discretionary Family Trust to protect them from creditors. A Discretionary Family Trust permits the transferor to retain control over the assets. This would produce a taxable disposition unless the transfer is to a qualifying Spousal Trust or a Joint Partner Trust or an Alter ego trust.