My Why
Growing up in a family of small business owners, I learned the work it takes to start a business from scratch. It's much more than just an idea or product and along with that comes the stress of finances as you try to balance personal and work life. My goal is to provide clarity to Business Owners to not only maximize their Net Worth but also allow them to enjoy time with their friends and family. Our team takes work off your plate allowing you to spend time on what matters most, growing the business!
Benefits
In a competitive marketplace it is more important than ever to to make sure that you are offering benefits to your employees. Employee benefits increase the value of working for a certain company and can improve your or your team members' health and quality of life. When applying for jobs, candidates may look at the benefits each organization offers and take those into consideration along with salary when deciding where they want to work. Not only can benefits be to the advantage of the employee, but some tax advantages* also become available to you as the business owner
Common Benefits:
- Health Insurance
- Retirement (401k, Simple IRA, etc.)
- Disability and Life Insurance
- Key Employee Compensation Plans
*This publication is not intended as legal or tax advice. Financial Representatives do not render tax advice. Consult with a tax professional for tax advice that is specific to your situation.
Exit Strategy
Exit strategies are crucial for business owners to ensure a smooth transition of ownership or dissolution of their business. Planning for an exit strategy is vital as it helps owners to maximize the value of their business, optimize tax strategies, and achieve their personal and financial goals.
The choice of an exit strategy depends on various factors, including the business's size, industry, financial performance, and the owner's personal objectives.
Most Common:
1. Pass the business along to a family member
2. Explore a merger or get acquired
3. Have existing managers/partners buy you out