Business Planning



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According
to
Dun
&
Bradstreet
reports,
"Businesses
with
fewer
than
20 employees
have
only a
37% chance
of
surviving
four
years
(of business)
and
only a
9% chance
of
surviving
10 years."



42%
of
Americans
spend
more
time
planning
their
next
vacation
than
their
retirement.

~ National Underwriter,
10-10-05 Edition.



Your chances of
experiencing a
disability prior
to age 65
which lasts three
months or greater
are 21% or
approximately
1 in 5.

Source: 1985 Commissioners'
Individual Disability Table A,
based on data from policies
issued in occupation class 1
(select white-collar
professional). These are
unisex probabilities.







Understanding
the
tax
incentives,
pricing
structure,
and
investment
alternatives
gives
business
owners
powerful
decision-making
tools which
will affect
the future
financial
success of
their
business.







Return to
Services
Develop a strategy to preserve your business and your net worth –

  What happens to your business if something happens to you?

  What happens to your business if something happens to a key employee?

Unforeseen circumstances can cripple your company and endanger your family’s future.  Strategies
exist to protect your business, accumulate value and provide employee benefits – using the same $'s
to accomplish all three – triple-duty dollars.
Key-Person Insurance:  If you employ anyone whose sudden, unexpected absence would
                                 significantly impact your business, contact us to learn how Key-Person
                                 Life Insurance can provide the funds you need to keep your business
                                 running smoothly after you've lost a key employee.
Business Continuation Planning:       Prepare for the continued success of your business after
                                                     you're gone.  How can you be sure that your family will get
                                                     a fair price for the business?  Will the business survive
                                                     conflict between business partners and family members
                                                     after you are gone?  How will the IRS value the business
                                                     for estate tax purposes?  A business continuation plan
                                                     provides clarity at a time when your business needs it most
                                                     - a time when you won't be there to look out for those you
                                                     care about.
Using Business $’s for Personal Expenses
A key advantage to owning your own business is the ability to use business income to
provide for personal benefits and expenses.

Examples –
Retirement Benefits: Choosing a retirement planning strategy enables you to plan for your future      
                                  using tax-favored investment options.  Qualified and non-qualified retirement   
                                  plans enable you to accumulate for the retirement of your dreams.
Disability Benefits:  For a man age 45, the chances of becoming disabled before retirement
                           are 1 in 5.  Disability, even a short-term disability, could mean the loss of your
                           business and personal assets – not to mention your ability to fulfill your
                           retirement plans.  Protecting yourself, your business and all the people who
                           depend on you from the sometime catastrophic consequences of a disability is
                           sound business planning.  It is also a benefit that your company can provide for
                           you and your key employees.
Executive Bonuses:  Did you know that you can tailor an executive bonus plan so that it is:

  1. Tax-deductible to your business,
  2. Secure from your business creditors,
  3. Accumulates retirement benefits for your executives, and
  4. Provides a tax-free death benefit to your executives’ heirs?
Long-Term Care:  The majority of Americans realize they need Long-Term Care (LTC) coverage.
                       The #1 reason they haven't purchased it - the cost.  Understanding the LTC cost
                        structure is the key to customizing affordable LTC coverage.
Contact us.  We can show you how!
Salary Continuation: If you or one of your company’s key people were to die, would you like to be
                           able to continue their salary to their family for a year or more?  You can do
                           this AND use a tax-favored instrument that benefits your company at the same
                           time.  
Contact us for more information.
Life Insurance:  Group term insurance works well for the first $50,000 of coverage, but
what about after that?  You can provide yourself and your executives coverage that is:
  • Has tax benefits

  • Is tax-free

  • Can be used to provide additional retirement income

  • Enables heirs to continue their standard of living – e.g.,
    keeping the family home, etc.

  • Enables heir to pay final expenses

  • Can be structured to avoid probate

  • And can assist heirs in paying any taxes due at your
    death


Numerous ways exist to use business income for personal benefits.

Not getting all tax and investment advantages out of your current plans?

Contact us and see if you are leaving money on the table!
You can!
And many companies already have these plans in place.
Contact us and find out more.


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Financial
Planning