Planning for Business Owners

When You are full of ideas for starting a new business, all You can see is what’s going to happen tomorrow. The thought of having Your vision turned to reality often blinds new entrepreneurs to that all-important question: Does it all make sense financially? While passion is key to turning vision into a functional business, prudent financial planning is critical to ensure that reality comes to fruition and continues to survive and thrive!  Thorough financial planning, for the short-term, in the intermediate period, and for the long-term horizon, is vital for a successful business.


Our Planning for Business Owners includes discussions about:


Business plans: To ensure the ongoing viability of Your business, You’ll need help putting together a sound business plan for all stages. As You start up your new venture, You’ll need to finance its ongoing operations. We can help uncover creative capital financing opportunities for You.


Contingency planning: Emergencies and unforeseen situations can arise anytime during the life of the business. It takes savvy financial advice to ensure You have the financial safety net to successfully weather the business through such events.


Taxation: Most jurisdictions offer several tax incentives to business owners, so that they might create, expand, and continue operating in those jurisdictions. Unfortunately, many business owners are either unfamiliar of the tax-friendly nature of such incentives; or they underutilize them to the detriment of their business. We can guide You to tax professionals to assist in setting up business taxes to benefit You as an owner and provide more opportunities for employees.


Asset acquisition and Debt management: Whether You choose to own an asset outright for Your business, or ensure its use through other means, will depend on the financing options available to You. Appropriate business banking relationships will be key to having the best choices for Your business model. The right introduction to business bankers and other financial sources will add to Your success.


Business expansion and diversification: When it comes to expanding and diversifying Your business, You will find us right beside You when evaluating financial proposals and financing options to fund those initiatives. 


Employee retention: No business is ever successful without satisfied employees. We will work with You to help offer attractive remuneration, compensation, and benefits packages to your employees, that will motivate them to consider making a long-term career with You and Your company


Succession planning: What happens if something unanticipated happens to You? What if You wanted to step down, or take a less active role in the business? Is there someone groomed and primed to assume the mantle of leadership and succession? We work closely with Our business owners to plan for this.


Retirement, Estate and Legacy planning: When it is time for You to stop working for a living, We’ll be right here to ensure You are able to enjoy the rewards of Your hard work. Through careful planning, We will utilize Your business entity to provide retirement benefits as a foundation for future income and current tax deductibility for Your business income. Owner advantaged business benefits should be in place so You can enjoy a comfortable retirement and for Your legacy’s transfer to Your next generation of successors or family members.