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I Own A Corporation

Cash Damming cannot be done utilizing a corporation. However we have found that many small businesses are able to convert temporarily from a corporation into a proprietorship (or partnership) with the costs and administrative headaches being far less than expected.

They are then able to utilize a cash damming program until the owners’ debts are converted and then switch back to a corporation.

Step 1. Convert Corporation to Proprietorship
Step 2. Follow steps in Cash Damming for Proprietorships
Step 3 Covert back to Corporation

 

To contact us:

Arnold Machel, Certified Financial Planner
Visionvest Financial Planning & Services Inc.

15178 Buena Vista Avenue
White Rock, BC
V4B 1Y3


Cash Dam Web Site: www.cashdam.ca

Phone: 604-542-2818
Fax: 604-542-2819
E-mail: admin@visionvest.ca