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.

Just Posted

Nelson cyclist run over by truck

Driver ticketed for failing to yield right of way on left turn

Interior Health will not expand Police and Crisis Team

Southeast Division Chief Superintendent Brad Haugli asked IH to expand the program

Hwy 1 flooding causes massive delays on certain Arrow Lakes ferry routes

Motorists have been waiting around three hours to get on ferries

RDCK: spring flooding financial relief available

The provincial funds are for those affected by flooding in May and early June

Pamela Allain, Laura Gellatly join the Nelson Star

Allain oversees Black Press’s West Kootenay papers, while Gellatly is the Star’s new publisher

VIDEO: Musqueam Chief captures captivating footage of bald eagle catching meal

‘This is why we have chosen to live here since time immemorial,’ Chief Wayne Sparrow’s nephew says

Police ramp up efforts to get impaired drivers off B.C. roads this summer

July is dedicated to the Summer CounterAttack Impaired Driving Campaign

Migrant workers stage multi-city action for full status amid COVID-19 risks

‘COVID-19 has exacerbated an existing crisis’

Okanagan school drops ‘Rebels’ sports team name, citing links with U.S. Civil War

Name and formerly-used images “fly in the face” of the district’s human rights policy, says board chair

PHOTOS: B.C.’s top doc picks up personalized Fluevog shoes, tours mural exhibition

Murals of Gratitude exhibit includes at least one portrait of Henry alongside paintings of health-care workers

In troubled times: Independence Day in a land of confusion

Buffeted by invisible forces and just plain worn out, the United States of America celebrates its 244th birthday

Stop enforcing sex work laws during COVID-19, advocates say

There are provisions in Canada’s prostitution laws that make workers immune from prosecution, but not from arrest

Liberal party finished 2019 having spent $43 million, raised $42 million

All political parties had until midnight June 30 to submit their financial reports for last year

B.C. teacher loses licence after sexual relationships with two recently-graduated students

The teacher won’t be allowed to apply for a teaching certificate until 2035

Most Read