Business Owner Solutions

As a business owner, you must juggle the demands of running your company, achieving the financial goals you have set for yourself and your family, and eventually you must transition ownership of your business. We can help you achieve your goals while helping you to grow, protect and eventually pass on your business.

Business Planning

Business planning frequently involves planning for closely held or family-owned businesses concerning what will or should happen to the business at the death, disability or retirement of an owner. Should the business be liquidated, sold to associates or others, or continued by the family? What is the value of the business now as a going concern, what will it be worth to the family and what will the estate taxes be? How will loss of value be made up for the family? Business Planning needs to be coordinated with personal estate planning to make sure that control and value of the business is maintained.

There are several alternatives at the death, disability, or retirement of a business owner. One is for the business to be continued by family members if they are ready, willing and able to do so. Money may be needed to pay taxes and provide income during a transition. Second is for the business to be sold to associates (partners or co-stockholders or key employees). Money may be needed to fund a Buy-Sell Agreement. Third is the business may be sold to 3rd parties or may have to be liquidated if other options don't work. Money may be needed to make up for loss value and income. Finally, a business might be sold through an Installment Sale method whereby the purchaser pays for property over a period of time.