While every business is different, most small business owners typically have four main objectives for financial planning:

• Protect assets

• Build wealth

• Create income

• Manage taxes 

Sound about right? Moving forward with these goals in mind, we can help you create customized solutions designed to manage risk, create attractive benefits for key employees, and prepare for your retirement and the succession of your business.

Key Employee Benefits

Attracting, Retaining & Rewarding Key Employees

Your key employees are valuable assets that help keep your business running. Losing even one can be costly and trigger a ripple effect, including:

• Lost productivity and knowledge

• Unsettled coworkers

• The expense of replacing and training a new employee

Losing a key employee to a competitor can be even more damaging. Rewarding key employees with long-term incentives gives them both validation and financial security, which often results in higher retention rates. 

Succession Planning

Ensuring Business Continuation

A comfortable retirement depends on the successful transition of your business. Yet with so many daily responsibilities, it’s difficult to devote time to planning when or how you will step away from your business. Different succession strategies involve various pros and cons: Is it too risky to assume the proceeds from the sale of your business can fully fund your retirement? Do you have the proper agreements in place to pass the business to a family member, partner, or key employee? How will you find the right buyer and know you received a fair price? Before making any important decisions, it’s critical to know the market value of your business, including your current and projected revenue and your assets. Working with an adviser to determine what your business is worth today will support your succession planning goals in the future.

Risk Management

Protecting Your Business & Family Against Risk

As a small business owner, the success of your business supports your family, your employees and their families. But what if something happens to you? Can your business run without you? Would your best customers stay if you were no longer in charge? Is your family protected no matter what happens? You also need to protect your business against threats like natural disasters, security breaches and identity theft. Properly managing risk can help ensure that your business will continue to provide for the people that rely on it.

Prepare now.

Having a plan that covers you today and into the future is critical to the success of your business and ensures a successful transition when you’re no longer around. When you’re ready, you’ll be able to retire with confidence – knowing that because you took the time to plan ahead, your business can stay in business.

Let’s get started now.