Business Services

Business ownership brings its own set of responsibilities. Changing your current business structure or successfully transferring your business before you retire requires careful planning.

Since many clients are faced with intangibles such as personal emotions, family relationships, and business associations, the objectivity of an experienced adviser can facilitate the process. A comprehensive business succession plan can help you address your specific needs such as:

• Growing your business

• Protecting your assets

• Ensuring the continuation and succession of your business

• Minimizing taxes

• Promoting, recruiting, retaining, and rewarding your key employees

• Maximizing your compensation benefits

• Providing for estate equalization

• Promoting family harmony

The success of most businesses is tied into the talent, passion and work ethics of their key executives. Executive benefit packages can help you attract, motivate, and retain high-caliber employees and keep your company healthy and stable. We can help you with non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.

Key person life insurance offers a death benefit that indemnifies an employer for the loss of one of its most important assets - the key person. This can help assure continuity of the business for employees, customers and creditors, and protects against losses in sales, momentum, and credit. It can also be used to recruit and develop a replacement for the employee.

A buy–sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or leaves the business, whether by force or by choice. A funded cross-purchase buy-sell plan utilizes life insurance to ensure that the arrangement is properly funded so that there will be money when the event is triggered.

Deferred compensation is a written agreement between an employer and an employee where the employee chooses to have part of his or her compensation withheld by the company, invested on their behalf, and distributed back to them at a pre-determined point in the future. Deferred compensation can be used as a flexible way to attract and incentivize key employees.