{"id":50708,"date":"2024-03-22T07:26:58","date_gmt":"2024-03-22T11:26:58","guid":{"rendered":"https:\/\/wwwprodaz.fprofessionnels.com\/?p=50708"},"modified":"2024-03-22T08:57:53","modified_gmt":"2024-03-22T12:57:53","slug":"advance-my-career-by-becoming-a-shareholder-of-my-corporation","status":"publish","type":"post","link":"https:\/\/www.fprofessionnels.com\/en\/advance-my-career-by-becoming-a-shareholder-of-my-corporation\/","title":{"rendered":"Advance my career by becoming a shareholder of my corporation"},"content":{"rendered":"

Financial and legal situation<\/h3>\n\n\n\n\n\n\n
<\/td>\nMiriam<\/strong><\/td>\n<\/tr>\n
R<\/strong>RSP account<\/strong><\/td>\n$80,000<\/td>\n<\/tr>\n
T<\/strong>FSA account<\/strong><\/td>\n$30,000<\/td>\n<\/tr>\n
Pension plan<\/strong><\/td>\nNo<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

    \n
  • Miriam works for a well-established architectural firm. She enjoys her work environment, which allows her to get involved in interesting and complex projects.<\/li>\n
  • She has also just finished paying off her student loans.<\/li>\n
  • Her condo, well located in a beautiful neighbourhood of Quebec City, is worth around $700,000. She has $400,000 left to pay on her mortgage.<\/li>\n
  • She has neither a protection mandate nor a will.<\/li>\n
  • She also has no life insurance.<\/li>\n<\/ul>\n

    \u00a0<\/strong><\/p>\n

    From salaried employee to shareholder<\/h3>\n

    Since Miriam has a lot of energy and ambition, she would like to become a shareholder in the corporation of the architectural firm she works for. One of the current shareholders is talking about retiring and will soon be selling his shares. She’s wondering how to go about it, and what corporate structure to assume for the transaction.<\/p>\n

     <\/p>\n

    Points to consider<\/u>:<\/h4>\n
      \n
    • Which factors should she consider if she wants to become a shareholder<\/strong>?<\/li>\n
    • Would it be better for her to hold the shares directly<\/strong>, or through a management company and\/or a trust<\/strong>?<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

      Miriam is a 33-year-old single architect. She lives and works in Quebec City, where she has owned a condo in a renovated heritage building for the past six years. She is passionate about her profession and regularly travels to various countries on business, or to satisfy her curiosity and her desire to enrich her cultural knowledge.<\/p>\n","protected":false},"author":10,"featured_media":50879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5654],"tags":[],"categorie-profession":[],"class_list":["post-50708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-and-estate-planning"],"acf":[],"yoast_head":"\nAdvance my career by becoming a shareholder of my corporation<\/title>\n<meta name=\"description\" content=\"Miriam is a 33-year-old single architect. 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