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Some creditor proofing strategies for owner-managed business follow. For details contact your professional advisor.
  1.   Transferring assets out of a company
  • By placing capital assets in a separate holding company, subsequent legal claims arising in the operating company may not affect these assets.

  • Paying tax-free dividends to a holding company may protect assets from future claims.
  2.   Securitizing the position of the business owner
  • Shareholder loans may be secured by a general security arrangement to give the shareholder priority over all unsecured creditors.

  • Consider an estate freeze such that the future growth will go to other family members.

  • Transfer assets into a Discretionary Family Trust.

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100-1780 Wellington Ave, Winnipeg, Manitoba R3H 1B3.