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Home > The Simplicity Sessions > The Business Structure and Finance Questions We Wish Someone Asked Us & Taught Us
Podcast: The Simplicity Sessions
Episode:

The Business Structure and Finance Questions We Wish Someone Asked Us & Taught Us
Category: Health
Duration: 00:49:29
Publish Date: 2026-01-01 11:00:00
Description:

In this episode, Jenn and Chris dive deep into the essentials of structuring your business for long-term success and generational wealth. They discuss the differences between sole proprietorship and incorporation, the importance of separating personal and business assets, and how to make strategic decisions as your business grows. The conversation also explores the power of permanent insurance, the concept of infinite banking, and practical ways to leverage your corporation for investments and family legacy.

Key Topics & Takeaways

  • Sole Proprietor vs. Corporation:

    • Why and when to incorporate your business.

    • Asset protection and tax advantages of incorporation.

    • Real-life examples of transitioning from sole proprietor to corporation.

  • Retained Earnings & Tax Strategy:

    • How to keep more of what you earn.

    • The impact of retained earnings on business decisions.

    • When it makes sense to incorporate based on your business income and growth plans.

  • Permanent Insurance & Infinite Banking:

    • The difference between term and permanent insurance.

    • How permanent insurance can be used as an investment vehicle.

    • The basics of infinite banking and how it allows you to "be your own bank."

    • Using insurance policies to build generational wealth and provide for your family.

  • Practical Business Tips:

    • The importance of knowing your numbers and tracking expenses.

    • Structuring your company for income sharing and tax efficiency (e.g., board of directors, family involvement).

    • Leveraging corporate investments, holding companies, and non-registered accounts.

  • Legacy & Family Planning:

    • Estate planning, wills, and passing on assets like family cottages.

    • Teaching financial literacy and wealth-building to the next generation.

Let's dive in!

Thank you for joining us today. If you could rate, review & subscribe, it would mean the world to me! While you're at it, take a screenshot and tag me @jennpike to share on Instagram – I'll re-share that baby out to the community & once a month I'll be doing a draw from those re-shares and send the winner something special!

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Have a question? Send it over to hello@jennpike.com and I'll do my best to share helpful insights, thoughts and advice.
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