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Personal
Business
Wealth

Business borrowing: Insurance, legal planning & protecting your assets

June 2025

Finance Friday

Borrowing is often necessary for business growth but also creates risk. This Finance Friday, FirstOntario Credit Union’s Colin Cyr explores key strategies for businesses to protect themselves when taking on debt. Topics include creditor protection, key person insurance, and the importance of legal and estate planning.

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Strong financial literacy is key to making informed decisions about money.

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