Whether you are a business owner or
an executive, business planning is an important part of your overall
financial plan. Our goal is to ensure that you are fully utilizing the
benefits that your business can offer.
For example, employer-provided
fringe benefits make up an increasingly significant part of an
executive’s compensation package. Typically these plans, which
provide retirement, health, and disability benefits, should be treated as
attractive assets. The cost to you to duplicate these tax-advantaged
benefits is considerable. Therefore, it is important that you take full
advantage of the fringe benefits offered to you.
If you own a business, we will
discuss alternatives and enhancements above and beyond standard group
benefits – things like executive compensation and specialized
qualified pension and profit sharing plans – that allow you to spend
money on a deductible basis to better meet your needs and those of your key
employees.
Another aspect of business planning
is business continuity planning. Eventually, you will have to make a
decision on how to transfer your business interest as well as how to
provide for your family. We can help you develop a plan to keep or sell
your interest at death, disability or retirement. Whether you plan to
retain or sell your business, we’ll help you structure the
arrangements for maximum financial benefit.
