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Business Planning

Employer-sponsored plans for Business

Because many of our clients are business owners, we are also equipped to design and manage their companies’ retirement programs. With in-house third-party administrative capabilities, this service not only helps our clients’ employees, but also maximizes tax benefits to the owners themselves. We are in experienced in managing such features as employer-matching contributions, special programs for highly compensated employees, and others.

Business Succession Plans

The majority of business owners have no written succession plan. If your wealth is tied up in your business, a lack of formal succession planning could be financially and emotionally devastating. Think of a written succession plan as a peace of mind for the business you’ve worked so hard to build.

Buy-Sell Agreements

Buy-Sell Agreements are a simple, yet effective way for business owners of privately held companies to plan for the orderly transfer of business interests where two or more owners are actively involved in the business. In addition to securing the needs of the surviving family members and ensuring the continuation of the business, a buy-sell agreement also ensures each owner that there is a buyer for their business interest at a fair price.

1031 Exchanges

Business owners who own property and want to sell the business look for ways to defer paying capital gains tax. IRS code Section 1031 allows a business owner to defer the payment of capital gains that may arise form the sale of a business or investment property. By using the proceeds of the sale to purchase “like-kind’ real estate, taxes may be deferred, as long as the owner satisfies certain conditions.

When was the last time you appraised the value of your business, created your business succession strategy or prepared for contingencies in unplanned events?

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