Financial planning for business owners and entrepreneurs

Running a business—whether as a sole entrepreneur, partner, or corporate stakeholder—comes with complex financial challenges that require strategic expertise. At Theodor Hennessey & Ross Private Wealth Management, we specialize in designing financial plans that ensure the business you’ve built continues to support your lifestyle today and into the future.

  • Accelerating business growth

    We help you implement strategies that increase profitability and protect your business assets, positioning you for sustainable success.

  • Integrated financial planning

    Your business and personal finances should work hand in hand. Our approach ensures your financial plan aligns business growth with personal milestones.

  • Tax optimization

    With proactive guidance, we help you minimize both corporate and personal tax burdens. Our strategic tax planning is designed to maximize your income and ensure efficient wealth accumulation.

  • Comprehensive risk management

    Every industry comes with its own set of risks. We evaluate your unique vulnerabilities and recommend insurance solutions that protect your business, partners, and employees from the unexpected.

  • Investment growth strategies

    By integrating your business and personal financial plans, we help you maximize investment opportunities, ensuring your wealth supports both business expansion and personal financial goals.

  • Incorporation insights

    Incorporating your business can offer valuable advantages, but it’s not a one-size-fits-all solution. We provide expert guidance to help you determine whether incorporation aligns with your financial and tax objectives.

At Theodor Hennessey & Ross Private Wealth Management, we’re more than Toronto financial advisors and financial planners—we’re partners in building your legacy. Let us show you how an integrated financial plan can support your business ambitions and secure your personal future.

Navigating each stage of your business lifecycle

What are the right decisions that need to be taken at the right time and with the right partner(s) to ensure long term success for the business, the owners and shareholders. 

Grow Business lifecycle
 

Start-up

  • Managing business cash flow
  • Protect my income and family’s well-being
  • Exposure to liability claims
  • When to incorporate
  • Term life, disability and critical illness insurance

Growth and expansion

  • Shareholder/partnership 
    agreement
  • Buy-sell funding, life and disability
  • Group health, dental and drug plans
  • Business overhead insurance
  • Key person insurance 

Maturity

  • Appropriate use of holding companies and trusts
  • Tax efficient allocation of investments
  • Individual Pension Plans (IPPs)
  • Permanent (cash value) life insurance

Succession or transition

  • Advice on structuring sale
  • Tax efficient investing and draw down strategies
  • Life annuities
  • Permanent insurance
  • Charitable giving strategies

Client study

 

Client story daniel and hyun

A successful business owner about to retire, but are they considering the full family picture?
How we can help

✓ Business transition options 
✓ Estate planning for blended families
✓ Vacation property succession planning

Read the full story