Sometimes it took everything you had not to hang it up and walk away. It’s still a grind – employee retention, bickering, taxes, regulations, insurance, customer demands, competition, and more.
You’ve borrowed, had sleepless nights, lost great employees, and helped build new ones. The ups and downs of business ownership are amazing. And while you can see a future without the business, you love the idea of creating value for yourself and others.
How do you maximize that value, though? How do you allow the business to thrive without you? Can you afford an internal succession plan (either through an ESOP or a leadership team buyout), or is the best solution a sale to a strategic solution? What about family business?
Some challenges and opportunities we discuss are:
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Have you approached it holistically with personal goals, estate and income taxes, charitable intentions, and family/legacy planning?
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To invest in a business for growth, consider income tax planning, distribution planning, setting personal and professional goals, and maximizing savings you can access if needed.
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The business gives you tax breaks but also causes tax problems. We help you see today’s opportunities while planning for tomorrow’s challenges and opportunities.
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Estate planning discussions are designed to maximize legacy between children, grandchildren, and charities: buy-sell agreements, key-man insurance, personal life insurance, and intentional plans.