YOU CALL THE SHOTS
Segmenting the businesses we serve
Service based business such as Law, Accounting and other professional firms, Realtors
No key Employees.
Little or no transferable value
Primarily a personal planning case.
Closely held stocks
Presence of Key Employees
Some transferable value
No full time HR department
Concerned about key Employees retention, business continuity, exit planning, personal planning.
Widely held stock
Multi generational owned business
Full time HR department
Transferable value (no exit concerns)
Existing employee benefits, corporate financial education, benefits for Highly Compensated, executive planning.
4 RECURRING PRIORITIES WE OBSERVE WHEN WORKING WITH ENTREPRENEURS
1. Key employee retention. Whether you lost one, have one or need one, if you are wearing too many hats and your calendar shows it, you know how important it is.
2. Business continuity issues such as buy/sell, key person protection and stay bonus. When life event happens, you alone have to deal with the pressure brought on by someone else like a bank, a partner, spouse, or an investor.
3. The need for Cash Flow Maximization especially for growth oriented owners. Most service oriented business can’t sell for much value so the owners must be good savers. Transfer of wealth from business balance sheet to personal balance sheet is critical.
4. Exit planning. Often a rolling 5-7 year concern for many entrepreneurs. We believe you must build your business with the intention of a profitable exit.
Successfully transferring a business should provide income for the retiring owners while allowing the new management to gradually assume ownership. Valuation of the business, identifying new owners, properly funded buy-sell agreements, as well as death and disability of any of the people involved are all critical elements.
Financial and tax Planning of Business owners and entities
Whether you are a Sole proprietor, a partnership, a LLC or a corporation, selecting the right type of business entity will not only help protect your business and incentivize the partners, it will also have profound implications on income taxation.
INTENTION AND OUTCOME
Clarity in pursuit of your financial goals
Financial Prudence and Mastery
Educated decision making process
Maximized wealth building potential
Intelligent long term tax strategy
Coherent and Strategic Preparation
Freedom of choice
Achieve and Maintain Financial Balance