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Where do I start?
Where do I go for the right advice? What options do I have?
How can I minimize taxes and maximize value?
Leaving your business is not a matter of “if”, but “when”. And you can plan for “how”. Whether it will be by retiring, by selling the business to an outside interest, or by transferring ownership to the next generation, there are issues best settled well ahead of time. Not open to aggravate an already uncertain time.
And not preparing gets expensive. Without a plan, the transition of ownership can cause significant business, tax, estate and legal problems. For instance, there may be a forced sale of assets to settle estates, unnecessary liabilities, or family disharmony, quickly undoing much of what you have worked so hard to accomplish.
When families and businesses first approach the issue of succession planning, it can seem overwhelming. We have found the best way to approach it is one thing at a time, because succession planning is a process, not an event. This means that it takes time to bring all the issues to light and to deal with them.
There is a logical sequence that your Orr Insurance & Investment Avisor can show you. Based on experience, we use a team approach and work with your tax expert, accountant, lawyer and family members. Then, when a formal Succession Plan is done, everything will have been looked at: family dynamics, personal interests and business goals, finances and cash flow, the tax situation, the business structure, legal considerations, and so on.
Of course, people are people. This process can be slowed or even stopped by family dynamics, differing goals, interpersonal issues, financial or cash flow issues, taxes or business structures, and even estate planning or estate equalization issues. So usually the more time you put between putting the plan in place and the actual transitions, the better. In other words, sooner than later.
Call your Orr Insurance & Investment Advisor at 519.271.4340. As qualified investment advisors and financial planners, we can help you prepare for the change you want, not the change that arrives.
Brussels 
Seaforth Our job is to find you the best competitive combination of price, value and service from over 60 Canadian insurance and investment companies.
Tyler has been providing me with financial advice for my family since 2010 and in that time has proven that he is extremely trustworthy and knowledgeable. Tyler has taken the time to educate me and lay out options best suited for reaching the financial goals we’ve set for our family. I highly recommend Tyler as a valuable resource to help reach your next financial goal
Emma, thank you for all your kindness with helping me. You were very efficient. I highly recommend you for your work at anytime.
Orr Insurance has been amazing to work with for our life, vehicle, and home insurance. Friendly people answering the phone, clear billing, and helpful when we have a unfortunate experience of making claims. We have been with Orr for 10 years and counting. Highly recommend!!
Danny Muir has taken care of our auto and home insurance for the past 35 years and has proven himself to be outstanding in his professionalism and dedication concerning our insurance needs. All our claims and any questions have been met with the utmost prompt and courteous service and we would highly recommend him as your broker!
Extremely happy with the Orr Seaforth office. Their service has definitely exceeded my expectations! Going with them was a great decision!
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Stratford 
Blyth 
Goderich 
Linwood 
