Financial planning for incorporated professionals is often two-sided- planning for the practice and personal financial planning. A few things to keep in mind for professionals are:
For an incorporated professional, personal and practice finances are connected. Therefore both sides should be addressed: Personal and your Practice.
There are 2 main sides your practice’s financial plan should address: Growth and Preservation
There are 2 main sides your financial plan should address: Accumulation and Protection
Jack is a graduate of the Family Enterprise Advisor Program given by the Sauder School of Business at UBC. He has lectured extensively to professional groups including the B.C. Institute of Chartered Accountants, as well as individual accounting and legal firms. He is co-author of, and has been instructor for, both the introductory and advanced life insurance courses for the Canadian Institute of Chartered Accountants. He often is called upon to provide expert opinion or testimony in legal disputes involving life insurance or advisor conduct.