Colin White, CPA and co-owner of White LeBlanc Wealth Planners, and Richard Fewell, CPA, will co-present a free retirement planning workshop in Nelson for business owners.

Turn your business into your retirement

Information session can put money in your pocket and protect your legacy

You’ve built your business and you’re looking forward to retirement. But before you sell or pass it on, there are important considerations that will affect your future and your legacy. Also, like many business owners you may be wondering if you will have enough to retire on, or if there are things you can start doing today to improve your financial future.

White LeBlanc Wealth Planners is offering a free workshop that will address these key questions and may more, plus give some useful insights on a number of topics of interest to business owners.

White LeBlanc co-owner Colin White will facilitate the session. He says the information is relevant to established enterprises, as well as businesses that are still building their value.

“There’s a lot we can do if you don’t have the assets built up yet, but you’ve got the means to accomplish your goals,” he says. “And if you’ve got a going concern business and you’ve got questions about how you’re going to turn it into a retirement or your succession, we can help with that too.”

They certainly have the team in place. White will be joined by his associate Richard Fewell at the workshop. Both are CPAs, and each has nearly 30 years of experience working with business owners. Fewell is also a Chartered Business Valuator who has sold many businesses in various industries on behalf of the owners.

“We’ve got a lot of credentials and experience,” White says. “And we’ve got a very deep team behind us who help us deliver solutions for small business owners and companies.”

Why is succession and retirement planning important? White says a good plan puts money in your pocket and helps protect the future of your employees after you sell. It can also ensure that when your heirs are ready to take over, there is actually something there for them.

“Tax rules change regularly,” he says. “We’ve seen family businesses that were lost because of the tax situation when the owner died. The intention was to leave it to the family but that was unsuccessful because they weren’t properly set up from an estate planning and tax perspective.

“So, it could be anything from not getting as much out of your business as you want or losing the business altogether because of poor or no tax and estate planning.”

“There’s no time like the present to start planning”.

“If somebody comes to me five or 10 years before they retire, that’s all kinds of time,” White says. “We can organize their affairs and help them get ready. If you come to me in the year of retirement we can still help, but there’s fewer things we can do.”

The workshop is at 7 p.m. on Tuesday September 10, at the Adventure Hotel in Nelson. RSVP to Sadie at sadie@wlwp.ca or 250-352-3621 to confirm your attendance.

“You’ll learn a lot, and our goal is to make it an entertaining evening – it won’t be dry as toast,” White says.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Missing Slocan City man found dead

Douglas Morrison went missing in mid-January

Nelson Hydro relocates two osprey nests in Harrop

An environmental specialist assisted with the move

Tom Thomson Centennial Swim coming to Touchstones

Victoria artist Paul Walde brings multimedia event to Nelson

LETTER: Weaver unreliable

From reader Charles Jeanes

Nelson Tennis Club asks school district for $69K

The funding will cover paving costs for its facility at L.V. Rogers

Fashion Fridays: The 8 best quality online stores! Shop the ultimate sales

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Petition slams Victoria councillor who chastised police after Wetsuweten protest

Ben Isitt calls effort to get him suspended is not a ‘reliable barometer of public opinion’

B.C., Ottawa sign sweeping 30-year deal for northern caribou habitat

West Moberly, Saulteau co-manage new protection on two million acres

Suspect at large after stealing seaplane before crashing into another in Vancouver

Police responded to the incident at 3:30 a.m. on Friday at Vancouver Harbour

PHOTOS: 2020 BC Winter Games kick off in Fort St. John

More than 1,000 of B.C.’s best athletes will be competing over the next three days

Meet the Wet’suwet’en who want the Coastal GasLink pipeline

Supporters of the pipeline are upset only one side is being heard nationwide

Shopping cart collector at B.C. Costco awarded $583,000 after getting pinned by car

Kurtis Ryan Burdeniuk, 22, was retrieving carts when a driver backed into him in the parking lot

‘Usain Bolt he was not’: B.C. gang police seize drugs, cash after foot chase

‘The man took off running when he saw our officers approaching,’ CFSEU BC says

Canadians released from coronavirus-ridden cruise ship in Japan fly home

Those who were cleared to travel are to be screened again at Canadian Forces Base Trenton

Most Read