As a business owner, we know you have a lot on your plate and that it’s often hard to find the time to work on your business instead of in it. You have a million different things competing for your time and attention every day, and that’s why you need coordinated financial solutions that are designed to maximize your results while minimizing your time and involvement.
Whether your business is a startup, well-established, or something in between, we can help you grow and protect it through a wide array of services. Taking into account your needs, goals, and values, we’ll help you understand your options and give you clarity and confidence to make the right decisions for you and your company. Some of our common services business services include:
Executive Benefits
Hiring and promoting the right executives for your business is important, but it's equally important to keep them happy. That's why one area of focus for us is assisting companies in choosing and funding the right executive benefit packages. Among other options, we can aid with non-qualified plans, supplemental employee retirement plans, and split dollar plans. These benefits can help you retain the executives your business needs to thrive.
Deferred Compensation
Like executive benefits, deferred compensation funding can be a way to attract and retain quality employees. Under deferred compensation, an employee agrees that the company will withhold a portion of his or her compensation. The company invests the withheld income on behalf of the employee, and as stipulated by the agreement, the employee receives the funds at a specific date in the future.
Planning for Succession
At some point, most business owners will pass their business on to another party, whether it be a family member, valued employee, or someone else. Regardless of the reason for the change or who is taking it over, we can help with all the big and small tasks that go into proper succession planning. Our services can help you make the process as smooth and profitable as possible.
Key Person Insurance
With key person insurance, you can insulate your company from financial damage in the unfortunate loss of a key employee. Losing an important executive or other team member can disrupt continuity, harm a company's credit, damage sales, and halt growth. However, key person insurance can offset some of those negative effects and also help with finding and training a replacement.
Buy-Sell Agreements
If your business has multiple owners, funding for a buy-sell agreement is another service we can provide. These agreements are especially important when it comes to succession planning, and they can determine what happens when a co-owner leaves the business because of death or another circumstance. By funding your buy-sell agreement and having the proper insurance in place, you can help protect your business from the chaos potentially caused by such an event.
