Business Owner Planning

Business Succession Planning

If you are a business owner, your business is probably the most valuable asset you own. This relates to the years of sweat equity and strategic vision you’ve invested in an endeavor that has enabled you to live a dream. Yet to truly live a dream, you have to sustain it. The objective of this portion of the Financial Confidence Continuum Process is to allow you to remain the main decision maker for your company and conclusively determine where you go from here. In addition, it aims to put you in a position to make informed and calculated decisions about your future.

There will be no rush to judgment on our watch.

Our business continuity analysis is critical to the assessment and has four critical components:

Valuation*

All businesses need to focus on and have knowledge of the current value of their enterprise at market. This knowledge will serve as a springboard for the impending decisions the process empowers.

*Business value estimates are for personal use

Control

We will help you to uncover what amount of control you need to retain in your business to manage and operate that company for the foreseeable future. In addition, we will help ensure your financial well-being in the appropriate form or fashion as a result of this critical asset. We will assist to help ensure you are maximizing your potential gains here as it relates to your anticipated retirement needs.

Succession Plan

Whether you have a current succession plan or not we will help you determine if there are any issues that now impact that plan in its current form. Additionally, we will collectively explore and make known to you any alternatives that may not be available due to the legislative landscape which could improve your position in helping meet your financial goals. Finally, we will address the key issues all businesses face, namely, fringe benefits, reward incentives, key employee retention, retention of clientele and credit requirements for the future.

Funding Requirements

Here we are focusing specifically on the alternatives available to you based on your unique situation. One or more may predicate distribution or transfer of the business when and how you choose. We also take into account the plausible scenarios that could occur with the loss of a key employee and/or financing business debt.

*Business valuation estimates are provided by a 3rd party vendor and are for personal use.

Business Exit Planning

We can help make sure you see the forest through the trees — and address critical issues of business growth, compensation, tax reduction and leadership succession.

Many business owners are perplexed by the challenge of exiting their company. For most it represents the lion’s share of their wealth, but it is illiquid and the exit process can be intimidating. With the help of WealthPilot Financial, and our experience working with business owners on this challenge, we are confident that we can help assist you with making this process as smooth as possible.

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