Your business and personal finances inevitably affect one another. We look at how money moves between the two, what needs to stay available inside the business, what you're building outside of it, and how financial decisions on either side may affect the other.
This may include: cash-flow planning, business and personal reserves, retirement accounts, investment accounts, owner compensation considerations, and coordinating business and personal financial priorities.
Whether you're years away from an exit or beginning to think seriously about what's next, the decisions you make today can shape your options later. We can explore different transition scenarios, what the business may need to provide for you financially, and strategies for transferring ownership to family, employees, partners, or an outside buyer.
This may include: succession strategies, business valuation considerations, ownership transitions, retirement planning, and preparing financially for a future sale or transfer of the business.
Benefits can serve several purposes - from building your own retirement assets to attracting and retaining people who are important to the business. We evaluate retirement plans, executive benefits, deferred compensation, and other strategies based on what you're trying to accomplish and who the benefit is intended to serve.
This may include: 401(k) plans, SEP IRAs, SIMPLE IRAs, executive benefit strategies, group benefits, and individual life and disability insurance.
A business can represent a significant part of an owner's financial life and may depend heavily on a small number of people. We look at the financial impact the death or disability of an owner or key employee could have and evaluate strategies designed to provide resources for the business if the unexpected happens.
This may include: key person life insurance, key person disability insurance, business overhead expense coverage, liquidity planning, and strategies designed to help the business continue through an unexpected event.
When a business has multiple owners, it's important to know what happens if one of them dies, becomes disabled, retires, or wants to leave. We can evaluate the financial considerations surrounding a buy-sell arrangement and strategies for funding it, while working alongside your attorney on the agreement itself.
This may include: buy-sell funding strategies, life and disability insurance used to fund an agreement, ownership transition planning, and coordinating with your attorney on the structure and terms of the agreement.
We do not provide legal advice. Please consult with your own advisors for legal advice.
Business decisions can create tax considerations for both the company and its owners. We consider those implications when evaluating retirement plans, compensation strategies, business transitions, and other financial decisions, and work alongside your tax professional when appropriate.
This may include: retirement plan contributions, timing of income and distributions, charitable strategies, business transition considerations, and coordinating planning decisions with your CPA or tax professional.
We do not provide tax advice. Please consult with your own advisors for tax advice.