Business Owner

Business Owner

The entrepreneur as well as those running small, medium and large businesses make decisions every day, all day sometimes. They are concerned with protecting their capital investment but sometimes are less aware of the need to protect their personal interests as well. We can help with:

  • Wealth accumulation
  • Avoidance of unnecessary tax burdens
  • Wealth preservation
  • Wealth distribution to themselves, their family, estate and charities
  • Employee benefits and insurance

Our approach in this circumstance is to develop a customized plan for both personal and business situations. We start with the tax structure to maximize wealth and estate proceeds. We also work with attorneys to develop buy-sell agreements and strategize about funding for these objectives. One suggestion we offer is corporate life or disability insurance that can help hire a replacement in case of disability or to cover some business expenses.

Creditor protection is another service we can provide. By periodic reviews of the financials we are able to protect personal assets from creditor claims. Benefits offered to employees can help attract and retain the best staff and that will provide a competitive edge in marketing and production.

Instead of relying on the sale of the business for retirement income, we can help develop a retirement plan to supplement business interests. As you can tell, the financial advisor is a key source of ideas and materials to retain and grow a business interest and to plan for the future.

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Related Links:

Corporately owned life insurance (coming soon)
Split dollar Critical Illness Concept (coming soon)
Individual Pension Plan (coming soon)
When to incorporate (coming soon)
Get money out of the corporation tax free

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