Business Owners
The needs of business owners are diverse but generally stand on two pillars: Protecting the business in all aspects while keeping costs as efficient as possible, and designing strategies for diversifying profits inside and outside the business in a well-balanced tax-efficient manner.
Protection and Cost Efficiency:
- We provide a full benefits review to ensure your health insurance and employee benefits costs are justifiable.
- We review the company 401K plan options and expenses to ensure they are optimal and offer alternatives if needed.
- We ensure key man and buy-sell insurance is priced competitively, properly structured, and sufficient for current and future company growth projections. Many companies buy policies on key employees to protect them in case of death. Often, business partners buy term policies on each other to cover the expense of paying off the family should something happen to one of them.
Profit diversification and tax efficiency:
- Defined benefit and qualified fund planning. Do you know your options and the benefits and limitations of different planning methodologies? (Simple IRAs, SEPs, Defined Benefit and Contribution Planning, Section 79 Planning)
- Asset Protection from Creditors
- Protection from unwanted market risk.