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Long range planning for every stage of your business. The financial success of a business has an immediate, lasting impact on the economic security of your family. Proper planning is very important to ensure that the value of your business is preserved to support your retirement or your family in the case of your death. We are well-versed in the many issues that relate specifically to business owners and shareholders, and we will help you identify any potential risk factors that could affect the stability of your personal and business assets. Examples of things to be considered include the type of business entity you choose and the state you choose to do business in, how you manage your business, human resource issues, taxes, distributions to the owners, and succession planning. You can rest at ease knowing that we will develop strategies to manage potential risks before a problem arises. Determining the best compensation approach. Significant cash and non-cash factors regarding executive compensation levels include the type of business, size, and structure. The compensation structure for large businesses tends to be more complex while small businesses often have a simpler, more straightforward approach. Examples of compensation include insurance benefits, qualified retirement plans, stock options, personal performance initiatives, and other non-qualified plans with tax advantages.
Planning for a successful transition. Succession planning when transitioning a business from an existing owner to a new owner involves a wide variety of factors such as pre-planning to create an attractive, sellable business and putting specific transition mechanics in place for the time of sale. We will work closely with you to formulate a plan that includes positioning your business for sale, determining the value of your business, terms of the sale, issues with senior management, and developing strategic alliances, all to give you the best return on your investment. |