We spend a lifetime building a successful business. In order to reach this goal, we must invest, commit, and sacrifice to see it succeed. One of greatest losses for families, employees, and the community at large is to have a business owner die without proper planning. All of the effort that went into building the business can be lost in just a few weeks. It doesn't have to be this way though. If just a few steps are taken, the crisis can be averted.
Our firm has almost 30 years of experience helping business owners. The business owner needs to have a team of professionals that understands the day-to-day challenges, as well as the long-term planning needs. We work with business owners to find necessary answers to tough questions every business owner needs to ask themselves.
- How will my business survive should I die prematurely? What will happen to the loyal employees I have who have helped me to build this business. Will my heirs receive full value for my share of the business? Who will step in to take over my duties and assure the businesses continued success?
- How can I save for personal retirement? Will the sale of the business be enough to provide a life long income. How do I reward my key people for staying with me? How can I attract talent that will help me stay competitive? Is there a way to reward people fairly and based on their performance that will not violate any laws?
- Do we have the proper documentation to assure a smooth transition when there is a life event? Are we utilizing our resources to their greatest potential, including our people? What is the right way to do this type of planning?