Business Owners

Business Succession Planning: We help business owners and partner with a business succession advisor to develop a plan for transferring ownership and management of their business to the next generation or a successor. This may involve creating buy-sell agreements, establishing family trusts, or implementing employee stock ownership plans (ESOPs).

Tax Planning for Business Owners: We work with business owners and partner with their accountant to minimize their tax liability through strategies such as optimizing business structures (e.g., S-corporation, LLC), maximizing deductions, and taking advantage of tax credits and incentives.

Personal Financial Planning: We assist business owners in integrating their business finances with their personal financial goals by providing each business owner a personalized Goals-Based Analysis and Wealth Plan. This will include retirement planning, investment management, insurance planning, and estate planning tailored to the individual's needs and objectives.

Business Valuation: Partner with business valuation advisor to help provide business valuation services to help owners understand the worth of their business, which is crucial for estate planning, buy-sell agreements, mergers and acquisitions, and determining the value of gifts or bequests to heirs.

Risk Management: We evaluate and mitigate risks associated with business ownership by partnering with risk management advisors to review liability exposure, succession risks, and key person risk. We implement strategies to protect personal and business assets from legal liabilities and unforeseen events.

Employee Benefits Planning: We assist business owners in designing and implementing employee benefits packages, including retirement plans (e.g., 401(k), SEP-IRA), health insurance, and incentive programs to attract and retain key employees.

Exit Planning: We partner with exit planning advisors to help develop exit strategies for business owners looking to transition out of their business, whether through a sale, merger, or succession plan. This involves maximizing the value of the business, preparing it for sale, and ensuring a smooth transition.

Investment Management: We provide guidance on investing business profits and personal wealth to optimize returns while managing risk. This may involve diversifying investments across asset classes, managing cash flow, and aligning investment strategies with long-term financial goals.

Charitable Planning: We help business owners incorporate philanthropic goals into their wealth planning strategy through charitable giving strategies such as donor-advised funds, charitable trusts, or corporate philanthropy programs.

Coordination with Professional Advisors: We collaborate with other professionals such as attorneys, accountants, and business consultants, to ensure a holistic approach to wealth planning that addresses legal, tax, and operational considerations.