Business Planning
Create a Strong Legal Foundation To Grow Your Business
It's taken guts, savvy and sheer determination, but you've done it: You've made your business a success.
You’ve weathered the market swings, outshone the competition, and kept your customers more than satisfied. Your achievements have enabled you to take care of and protect your family. So what happens if you get hit by that proverbial bus?
According to a recent national survey, 25 percent of family business shareholders who are entering their senior years haven’t completed any estate or succession planning other than writing a will. But succession planning for a business owner involves more than just deciding how your assets will be divided after you die.
Business Entity Formation
Ready For Greatness
Many factors come into play when deciding what type of entity is right for your business: the extent of protection from personal liability that you are seeking, the desired tax treatment of your business profits and take-home income, management structure, whether you anticipate adding future equity partners, capitalization, and more. We can help you explore each area and establish your business that works for you.
Types of Business Structures We’ll Help You Consider:
- General Partnership
- Limited Liability Partnership (LLP)
- Limited Partnership
- Limited Liability Limited Partnership (LLLP)
- Limited Liability Company (LLC)
- Corporation
- S-Corporation
Small Business General Council Services
We help you design, implement, and maintain effective plans to help you reduce your personal liability, preserve all viable income tax deductions, facilitate your retirement, maintain family harmony, retain key employees and minimize taxes.
And, most importantly … we ensure that your business has the proper foundation to allow for maximum growth with minimal risk to you and your loved ones.
Business Succession Services
Once your business entity is incorporated and online with agreements, insurance, intellectual property planned for and protected, and financial systems filling the coffers, we shift the conversation away from set up to the all-important exit.
It’s not the first time we will have discussed it as all of our business set ups are planned for based on your eventual exit plan, whether that is selling the business at a certain point, operating it for income as long as desired, or passing your business on upon your death.
Services include:
- Ongoing relationship throughout your life and life of your business
- Capturing your legacy
- Leaving more behind than just money
