Small Business Owners
Small business owners face unique challenges and increased complexity, including cash flow, employee benefits and retirement plans, insurance and succession planning. Small business owners know that “no one plans to fail, but many fail to plan.” We help successful small business owners maximize their resources. We work with you, as a small business owner, through each stage of your business planning, to help you reach important milestones, and ultimately prepare for retirement.
Business planning involves choosing the most appropriate legal and tax structure to minimize and simplify your taxes, as well as selecting the right retirement plan. While we help employees, business owners typically need more help sorting through various complexities. We help you carefully plan for specific risks that affect business owners such as interruption of a business due to disaster, death or disability. We address insurance for key personnel, property insurance, as well as specialized insurance that covers you against lawsuits or workers’ compensation claims. We address insurance for key personnel, property insurance, as well as specialized insurance that covers you against lawsuits or workers’ compensation claims. Business owners also need to protect themselves against having assets too concentrated in their business, and not holding enough diversified assets to offset such concentrated risk. We can help you take advantage of ways to save for your retirement that are not permissible for non-business owners. Business owners need more sophisticated financial planning strategies to ensure business continuity after their death, to reduce estate taxes and to provide liquidity to their heirs.
Our team has a strong background in financial modeling and data analysis and can help with your business’s financial planning needs. We master financial complexity so you don’t have to.