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TD Wealth for business owners & entrepreneurs
Simplify your wealth complexities
Focus on what you do best – running your business – with help from TD Wealth advisors who understand the complexities and the unique challenges you may face. Catering to the needs of business owners and entrepreneurs, you get access to a team of specialists who can help simplify your finances and create a robust wealth plan.
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Grow and manage your business
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Transition your business
Achieve your vision and grow your wealth
Work towards your personal financial goals with your TD Wealth advisor and a team of TD specialists to create a wealth plan that can help with:
Simplify your finances
TD Wealth supports your complex financial needs with exceptional expertise. Access a team of TD specialists across the bank and receive regular reviews on progress towards your goals.
- We can work with TD Small Business Banking and TD Commercial Banking to help with your business banking needs.
- We see the whole you – your personal and business finances – and focus on your priorities to help grow your wealth.
Resources for business owners
Exit planning
A TD Wealth advisor can help ensure your business preserves its value while generating tax-efficient income with a business succession plan that:
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Considers both expected and unexpected departures
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Weighs any complex tradeoffs and undesirable outcomes
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Can help maximize asset values and income with help from our expert business transition team
TD Wealth is ready for you
Work with a TD Wealth advisor for help with your succession planning, which includes:
- Identifying personal and business priorities – what you want for yourself, your family and your business.
- Determining who will buy or take over the business.
- Developing a customized exit plan that covers a valuation, tax and legal considerations, and more.
TD Wealth services for business transitioning
Learn more about exit planning
Business succession planning is an important part of owning a business for many reasons. It's not just about sustaining the business beyond your retirement but allows for potential growth of your net worth.
With the right strategies, it can help minimize estate and income taxes, and may also help you retire at the age you want with plenty of time to enjoy the fruits of your labour. Succession planning can also:
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Allow you to maintain control of the decision-making process until you're ready to let it go
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Help provide security in the event of an unexpected death or disability with estate and will planning
Start succession planning early towards achieving sustainable success, ideally 5-10 years in advance of your planned retirement. But remember it's never too early to plan or too late to help improve your outcomes. Action is always better than inaction in this space.
A TD Wealth advisor can help you integrate your personal retirement goals and estate planning with your succession and wealth plans, and review your plan:
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Annually for any major life event changes before your target retirement or sale date
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Regularly during the business transition period to help ensure that any activity is aligned with your goals.
Your TD Wealth advisor and TD specialists from multiple disciplines can help make sense of complex tradeoffs and plan your exit strategy accordingly. Decisions made without a plan may have unintended consequences such as an impact on financing options, exposure to undue risk, or forfeiting tax-savings opportunities.
Weigh any complex tradeoffs, work to avoid undesirable outcomes, and maximize asset values and income with effective planning. An exit plan might help:
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potentially increase the value of your business
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potentially increase your after-tax sale proceeds
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create continued growth opportunities for your successors
How TD helps business owners
Diversity, inclusion, and customized banking solutions.
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