Planning for Small Businesses

As a business owner you wear many hats, commit a tremendous amount of time and effort to your business and take on a lot of liability.  It is so important to properly safeguard your business because not only is it your source of income, it is most likely your largest asset.  There are several areas that we focus on when planning for our clients that own a business.  Below is a brief overview:

Retirement Plans – Understanding the different types of plans that are available and which one(s) make the most sense for you and your business.  These are a powerful tool in an effort to becoming tax efficient and also motivate employees to work hard and improve loyalty.

Business Succession Planning – Planning to establish strategies so that your family receives the value of your life’s work, is extremely important to a business owner.  Should you become disabled, pass prematurely or simply want to sell the business, having the right plan in place can help provide for your family’s financial security.

Business Continuity Planning – You spend a lot of your personal time building your business, so planning for it to continue to function in the event of the loss of a key employee; your disability or an unforeseen liability is very important.  We help our clients think through different scenarios and identify the likelihood, or unlikelihood of their potential exposure to a disruption in their business and/or their income.