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FAQs

How can I protect the money I have invested in my company?

To provide cash flow and investment for growth, a business owner will often reinvest earnings in the company. These retained earnings comprise one of the assets that would be available to creditors of the company. Various asset-protection strategies can be used to protect such assets. For example, a holding company can be set up to own more than 10% of the shares of the operating company. The holding company can receive dividends without having to pay any additional tax and can then lend to the operating company as a secured creditor. The retained earnings can be moved to the holding company, out of the reach of the operating company’s creditors. Asset-protection strategies should be considered as soon as the operating company consistently earns profit that is being reinvested in the business it operates.

© 2015 Lawrence, Lawrence, Stevenson LLP

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43 Queen Street West, Brampton, ON, Canada L6Y 1L9
Telephone: 905.451.3040 Fax: 905.451.5058 Email: lls@lawrences.com

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