BUSINESS OWNERS
Business involves various life cycles that is necessary to provide income, security, legacy for their family.
Business involves various life cycles that is necessary to provide income, security, legacy for their family. Meanwhile every business needs to minimize the risk if any death, disability or critical illness were happened to any key person or shareholder while protecting the interest of the firm by protecting external factors such as agreements, Loans, retain employees and maintaining policies of the firm.
Below are the various stages of the business:
BUSINESS CONTINUATION
Many business owners depend on their business to provide income, security and in some cases, a legacy for their family.
Purpose
Minimize the risk if death, disability or critical illness were to happen to a key person or shareholder of the business.
Implementation
- Key Person
- Shareholder
- Buy Sell Arrangement
- Business Loan/Overhead Risk
Benefits
- Retain Key Employees and Shareholders
- Minimize the impact on your business if key employees, shareholders or business owners were to become disabled, critically ill or die
- Retire or lower debts if key employees, shareholders or business owners were to become disabled, critically ill or die
BUSINESS SUCCESSION
Business succession planning is a process designed to assist the business owner to transition out of business and transfer ownership of business at the time of retirement while maximizing the business owner’s personal financial security
Implementation
- Key Person
- Shareholder
- Buy Sell Arrangement
- Business Loan/Overhead Risk
Benefits
- Value of your business can represent a substantial source of income in retirement, therefore proper succession planning can ensure that the risks to your lifestyle in retirement is minimized.
- If your hope is to have your business continued by one or more family members, then you will likely need to coordinate your business plan with your estate plan and explore any tax deferral opportunities.
- Any unforeseen events could lead to problems in your business without proper planning. Advanced planning can ensure that you, your business and family are protected.
EXECUTIVE BENEFITS
Attracting and retaining key employees is an important issue for many businesses. Providing innovative benefits and compensation plans are keys to rewarding and retaining these individuals.
Purpose
Providing valuable and innovative employee benefits to retain key individuals.
Implementation
- Key Employees
- Executives
- Shareholders
- Business Owners
Benefits
- Reward Key Employees
- Retain Key Employees and Shareholders
- Minimize the impact on your business if key employees, shareholders or business owners were to become disabled, critically ill or die
- Retire or lower debts if key employees, shareholders or business owners were to become disabled, critically ill or die
GROUP BENEFITS
By offering you and your employees the health benefits, you can protect your employees, protect your business, maintain productivity, attract and retain key talent and provide tax efficient compensation.
Purpose
- Protect your Business
- Protect your Employees
- Maintain Productivity
- Attract and Retain Key Talent
Implementation
- Business Owners
- Employees
- Shareholders
- Executives
Benefits
- We review your business, employees and your budget to tailor make a solution that aligns with your goals to provide the best protection for your company.
Need any help!
The best way to start is to have a free initial consultation. Contact us or send us your details via call or by email.