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Small Business Planning

Running a business introduces a layer of financial complexity that extends well beyond what most advisors address. For small business owners, the line between personal and business finances is often blurred, and decisions made on the business side carry significant implications for long-term personal wealth.

Retirement and income deferral

Small business owners have access to some of the most powerful retirement savings vehicles available — SEP IRAs, SIMPLE IRAs, Solo 401(k)s, and in certain circumstances, defined benefit plans that allow for significantly higher levels of tax-deferred accumulation than traditional employer plans.

Tax planning

Business ownership creates both complexity and opportunity. From managing self-employment income to understanding the interplay between business and personal taxes, proactive planning can make a meaningful difference in what you ultimately keep.

Business succession and exit planning

For many owners, the business is their most significant asset. Planning for that transition — whether through a sale, a family transfer, or another structure — is one of the most important and most overlooked aspects of the overall financial plan.

Business protection

Key person insurance, buy-sell agreements, and appropriate liability coverage are all areas worth reviewing to ensure the business and its owners are protected against unexpected events.

Estate planning consideration

Business interests add meaningful complexity to the estate planning process. How the business is structured, valued, and ultimately transferred carries significant implications for your estate and your heirs. We work closely with attorneys and CPAs to ensure all aspects are well-coordinated.

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