Financial Planning for Business Owners

Caucasian businessman

Your business is your baby, your dream. Your vision as a reality, your passion come to life. Prudent financial planning is critical to ensure that your vision comes to fruition and continues to thrive!

Small Business Retirement Plans

Employer sponsored retirement plans come in many different forms. Roth – Traditional – LIRP – Cash Balance – Profit Share. Selecting the right retirement plan is more than just cost, how can you determine which is best for you?

  • 401(k)
  • 403(b)
  • 457(b)
  • Simplified Employee Pensions (SEP)
  • Savings Incentive Match Plan for Employees (SIMPLE) 


We will help you uncover tax incentives that seek to reduce costs. We provide guidance and education to help you, and your employees understand the investment options and tax treatment. 

What We Can Do for You

Our Business Financial Planning solutions can help you:

  • Start-up financial planning: As you start up your new venture, you’ll need to finance its ongoing operations. Our team can help uncover potential creative capital financing opportunities for you.
     
  • Business plans: In an effort to ensure the ongoing viability of your business, you’ll need help putting together a sound business plan – for the short, intermediate and long-term. We can help create that pan for you.
     
  • Contingency planning: Emergencies and unforeseen situations can arise anytime during the life of the business. It takes savvy financial advice to work toward ensuring you have the financial safety net in an effort to successfully weather the business through such events.
     
  • Taxation: Most jurisdictions offer a number of tax incentives to business owners, so that they might create, expand and continue operating in those jurisdictions. Unfortunately, many business owners are either unfamiliar of the tax-friendly nature of such incentives; or they underutilize them to the detriment of their business. Leave it to us to help you understand such incentives so you can apply them to work toward minimizing your business taxes.
     
  • Asset acquisition: Whether you choose to own an asset outright for your business, or ensure its use through other means, will depend on the financing options available to you. We can help you make buy versus rent, versus lease decisions that are right for you.
     
  • Debt management: Is it best to borrow against business assets? Or should consider refinancing? Or would it make sense to dispose-off some assets to finance debt? These are everyday decisions that we help business owners make.
     
  • Business expansion and diversification: When it comes to expanding and diversifying your business, you’ll find us right beside you when evaluating financial proposals and financing options to fund those initiatives.
  • Employee retention: No business is ever successful without satisfied employees. We’ll work with you to help offer attractive remuneration, compensation and benefits packages to your employees, that will motivate them to consider making a long-term career with you and your company.
     
  • Succession planning: What happens if something untoward happens to you? What if you wanted to step down, or take a less active role in the business? Is there someone groomed and primed to assume the mantle of leadership and succession?
     
  • Retirement, Estate and Legacy planning: And when it’s time for you to call it quits, we’ll be right there in an effort to ensure you are able to enjoy the fruits of your hard work. Through careful planning, we’ll not only strive to ensure you enjoy a comfortable retirement, but that your legacy passes seamlessly to your next generation of successors.

This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice.  Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.  In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.  Specific individualized tax advice not provided. We suggest that you discuss your specific situation with a qualified tax advisor.  
 

Contact us today to learn more about financial planning as a business owner.