Business Planning
Business owners face many challenges as their business goes through it's life cycle- from startup, through growth and maturity, to transition at retirement, death, or disability. Each phase presents unique challenges that need to be addressed. Review the list below, and contact us with any questions you may have about how to approach any given situation.
Phase One - Start-up & Survival
- Business owner family hospital and major medical protection
- Business owner disability income protection
- Life insurance for business debts and family needs
Phase Two - Stability
- Major medical and life protection for employees
- Buy-out agreement to preserve business value for family in case of:
- Protection from loss of key person upon death or disability Graphic
- Initial funding for family needs: college funding, retirement, pension and/or profit sharing plans
Phase Three - Growth and Expansion
- Retirement planning for business owner
- Business owner bonus plan (Section 162)
- Employee salary reduction 401(k) and/or profit sharing plan
- Business owner estate planning
- Enhancement of employee benefit plan
Phase Four - Maturity
- Key person benefit programs: e.g. deferred compensation, golden handcuffs
- Cafeteria benefit plan for employees (Section 125)
Phase Five - Transfer of Management and Control
- Gift/purchase arrangement for family members working within business
- Sale of business interest to other co-business owners
- Recapitalization and reorganization
- Acquisition or merger
- Retirement of business owner
- Lifetime sale to key employee or third party
How can we help you?
|
