Do you own real estate as part of your company’s structure? You should consider how to treat that real estate from an operational standpoint. No matter the size of your operation, having a solid grasp of how to deal with your real estate assets will, in the long term, add profitability and wealth stability. Ask these questions to
help your decision-making.
A client of mine was thinking about selling his mid-sized manufacturing firm and was wondering about what to do about the real estate asset—a large factory and receiving building from which the business operated.
My advice: cash out the real estate now, but continue to run the business until it’s time to hand the reins over and retire.
Rental income became a saving grace for Toronto business owners.
When business owners face tough financial times that challenge their core business and the bottom line, selling extra or vacant space in your business premises can create additional revenue to get you through.
What to do when selling the real estate you own but keeping the business that occupies it?
If you work in a building you own and you’re thinking about selling, you may want to consult a tax lawyer to take advantage of a tax scheme available to Canadians on a disposition or sale.
TORONTO, ONTARIO, JANUARY 4, 2011 -- Beacon Corporation, Brokerage joined 1% for the Planet (1%), pledging a portion of its sales to support non-profit organizations focused on sustainability.
"Beacon Corporation, Brokerage is a great addition to the network. By signing on to 1%, it shows they’re really walking the walk in their sustainability efforts,” says Terry Kellogg, 1% CEO. “They're using generosity as a tool with which to build their business and enabling valuable environmental work along the way. We're excited to welcome them to the 1% family."
A client of mine was thinking about selling his business (a mid-sized manufacturing firm) and was wondering about what to do about the real estate asset – a large factory and receiving building from which the business operated.
I told him to cash out the real estate now, but continue to run the business until it was time to hand the reins over and retire.