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Service · 02 / Family-owned businesses

Estate planning for family-owned businesses.

Succession, shareholder agreements, cross-generational tax planning, and the conversations most owners have been putting off. Coordinated with your accountant and your lawyer, not running in parallel to them.

You built the business. Now it is worth protecting what you built.

Most owners I sit with have a clear picture of what they want for their family and their business. Getting that picture onto paper, into conversations, and into the right legal structures is what this work is for. Three patterns show up in almost every first meeting.

Common failure / 01

No written succession plan.

The plan lives in the owner's head. Everyone in the family has a rough idea of what might happen. When the moment comes, rough ideas turn into a forced sale for less than the business is worth.

Common failure / 02

Uneven contribution, even distribution.

One child has worked in the business for 20 years. Two have not. The will splits everything three ways, leaving unresolved feelings that hurt the next generation of family.

Common failure / 03

Tax that ate the business.

Deemed disposition at death, triggered on shares that were never structured for transfer. The capital gains bill lands in the same month the next generation is trying to keep the doors open. A lifetime of work funds the government instead of the family.

Seven stages. Across a year. Sometimes longer.

Family business planning is not a single meeting. It is a sequence of conversations that need to happen in a specific order, at a pace the family can actually absorb.

01/07
The first conversation
14% of the work

The first conversation.

Thirty minutes, no charge. We talk about the business, the family, what has been done, and what has been put off. If the work is not a fit, I say so.

Deliverable
A short written note to you summarising what you shared and where the next step would likely go.

Financial and structural review.

Corporate structure, shareholder list, existing shareholder agreement if there is one, personal and corporate tax positions, insurance, real estate, and the way money moves between the business and the family.

With your team
Your accountant participates in this step. Your lawyer is briefed on what comes out of it.

The family conversation.

Separate meetings, first with you, then with your spouse, then with each of your adult children. The same questions, answered privately. What do you want, what do you expect, and what have you never said out loud.

Why separate
Families say different things in private than in groups. The work only functions if everyone can speak honestly.

Scenario modelling.

Three to five scenarios, each with tax impact, ownership implications, and a clear description of how it would play out for every person involved.

Output
A written comparison document. You read it at home. We discuss it in the next session. No decisions made under pressure.

The Plan B workbook.

Your complete estate and succession plan, in one document. Assets, obligations, wishes, named executors, contingencies, and the specific instructions for what happens to the business, by person and by scenario.

Format
Printed binder delivered to you in person. Annual review and updates included for the first three years.

Legal and tax coordination.

The workbook becomes the instruction manual for your lawyer (wills, shareholder agreement, trust structures if needed) and your accountant (tax planning, estate freeze if applicable).

My role
I can attend these meetings with you. If you are looking for the right lawyer or accountant, I can recommend who to call.

Annual review.

Every twelve months. Half a day, in person or online. We walk through what has changed, what needs updating, and whether the plan still fits the family and business you have now.

Included
For the first three years. After that, a fixed annual review fee is agreed.

Six documents. One workbook / instruction manual. Most importantly, a family that has talked.

The hard part of this work is not producing documents. The hard part is getting the family to a place where the documents actually reflect what everyone agreed to. If we do the work properly, both happen.

01

The Plan B workbook.

Complete written plan. What you own, what you owe, who gets what, who is responsible, and what happens if any of that changes. Printed, bound, delivered in person.

02

Updated wills, instructed by your plan.

Drafted by your lawyer, with instructions that reflect the scenarios the family has already walked through. Your lawyer bills for their work. I make sure the instructions match what you actually decided.

03

Shareholder agreement review.

For businesses with multiple owners. We review what is in place, flag what is missing, and work with your lawyer to update it so it actually covers what happens if one of the shareholders is not in the picture anymore.

04

Full beneficiary audit.

Every registered investment account, insurance policy, pension, and shareholder document checked and updated. The most common source of estate surprises, and the cheapest one to prevent.

05

Executor briefing package.

A private document for the person who will be carrying the estate. What they are being asked to do, in what order, and who to call. Given to them while you are still here to answer their questions.

06

An annual review calendar.

The date on the calendar. The questions we will walk through. The documents we will refresh. The thing that turns a plan into a living plan.

What owners usually want to know first.

A lawyer drafts the documents and an accountant handles the tax filings. Neither of them has the time, the mandate, or in most cases the incentive to coordinate the work across your family, your business, your personal finances, and your estate. That is what I do. Your existing team stays. The work gets integrated rather than running in three parallel lanes.
Most families I work with have not had it. The planning work is partly what creates the structure for the conversation to happen. We start with just you and your spouse. When the time is right, we bring the children in, with a specific agenda and a facilitator in the room, so it does not become the conversation nobody can recover from.
After the first three years, ongoing annual reviews are priced separately and typically billed as a fixed annual fee. Our very first conversation is thirty minutes, no charge, no obligation. The work is not priced in ways that depend on products you might or might not buy.
Mountain Strong Financial is licensed to place insurance products. Some family business plans call for insurance as part of the structure, usually to fund a buyout or cover an estate tax bill. When that is the case, the insurance is priced, disclosed, and paid for separately, and you are welcome to place it with any broker you prefer. The planning work is not contingent on buying insurance from me.
Yes. Mountain Strong is incorporated in British Columbia and registered in Saskatchewan. I am individually licensed in Alberta, Saskatchewan and Ontario as well. Most meetings outside Saskatchewan are conducted online. The printed workbook and executor package are couriered. I travel for in-person sessions where the scope warrants it.
Nine to fourteen months for most family businesses. The limiting factor is not the analysis. It is the family conversations and the pace at which decisions can reasonably be made. Rushing it is worse than taking an extra three months to do it properly.

Thirty minutes. No charge.

We talk about the business, the family, and what has been put off. If the work fits, we take a next step. If it does not, you leave with a clearer idea of what you actually need.

joe@mountainstrongfinancial.ca · 306 361 9981 SK · 604 217 1999 BC
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