 |
Call today to revive your financial future! (800) 734-1124  |
Business planning.We understand that when small businesses spend money they are spending the owner’s money.
Every financial event in a small business affects the wealth of its owners with potentially lasting benefits, if they’ve been properly planned for.
Business planning focuses on issues specific to business owners and shareholders. For most business owners, their business is their most significant asset – and thus the financial security of the business has an immediate impact on the economic security of the entire family. Without proper planning, you may have difficulty tapping the value of your business to support your retirement, or even worse —your family could lose the value of your business at your death.
Coordinate the management of your business throughout its life cycle with:
- Risk management
- Distributions to the owners
- Succession planning
Operation planning focuses on critical components of managing a business in the various stages of its life cycle. Common and controllable management issues include sales and marketing, cost/benefit analysis, controls, human resources, tax issues, asset management and product development.
Business tax planning
Tax issues are never far from the mind of the business owner, and it's likely that many of the decisions you make will be tax-based. Business tax planning starts with the formation of your business and continues through the sale. The factors that influence your tax liability are:
- The type of business you own
- How you pay out profits to the owners
- Your accounting decisions
Business risk management identifies your options for handling risks in running your business. Certain factors can have a huge impact on how safe your personal and business assets are from risk. These include:
- The type of business you own
- The state you choose to do business in
- How you manage your business
- Your human resources
- Your taxes
We’ll help you identify your options for handling these risks.
Executive compensation focuses on both cash and non-cash approaches. Small businesses tend to adopt a more straightforward compensation approach. Some examples of compensation include insurance benefits, qualified retirement plans, stock options, personal performance initiatives and other tax-advantaged nonqualified plans.
Succession planning focuses on the transition of a business from an existing owner to a new owner. While key factors vary extensively depending on the business type and industry, there are some factors common to all business transitions, including the creation of a sellable business and the formulation of specific transition mechanics at time of sale. Additional succession planning issues include positioning a business for sale, determining valuation and terms, grooming senior management and creating strategic alliances.
Coming Up!
Join
us for our next wealth management session on "Estate Planning: Dos and Don'ts." February 23, 2012 from 12:00-1:30pm. Oakmont, CA. Lunch provided!
Meyers Financial supports Chemo Caps for Kids,
a Commonwealth Financial Network program that provides hand-knit hats to children undergoing cancer treatment.
"Do what you feel in your heart to be right - for you'll be criticized anyway. You'll be damned if you do, and damned if you don't."
- Eleanor Roosevelt
Receive a free copy of our whitepaper — "Your Estate, Your Trust"
Enter your name & email address and you'll receive the whitepaper in your inbox instantly.