Like proprietors, partnerships have challenges with respect to planning for their businesses due to their unincorporated status.

However, one of the biggest advantages you have as a partner is an identified potential successor or successors in your partnership for your succession planning.

Other strategies as well as product solutions available to partners of unincorporated businesses are similar to those for proprietors.

Strategies for partners

  • Tax minimization options
  • Personal legacy builder
  • Insured annuities
  • Insured retirement plans
  • Use of trusts
  • Succession planning

Product solutions for partners