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BUSINESS PLANNING SERVICES
Provided by Contryman Associates, P.C., and Contryman Wealth Advisors
Description:
Planning for a closely held business to address business valuation, estate planning considerations, disability protection, key employee protection and retention of valued personnel, retirement planning, and succession planning or exit strategies.
Benefits:
A business valuation will provide an accurate value of the business for financing purposes, for estate planning, or in divorce or other litigation situations. The estate planning aspect of our business planning services may include a properly structured buy/sell agreement to help a business continue if one of the owners dies or becomes disabled, and see that it is structured to minimize taxes. In addition to providing direction if something happens to an owner, an estate plan also clarifies estate tax valuation expectations.
An injury or serious illness to an owner can be devastating to a business as well as to the owner’s family. Disability protection can help fund salary continuation payments or a buyout. For small service company owners who actively participate in the business, overhead protection covers expenses normally paid by an owner in the ordinary course of business, however it does not cover new purchases or the owner’s salary.
When a key employee is crucial to the operation of a business, we suggest key employee death protection to assure continuation of the business. We offer strategies to help you attract and retain good employees including non-qualified deferred compensation plans, split dollar life insurance, employee stock ownership plans, retirement plans, and other possible benefits. We will explain the benefits of each type of plan and we can help by setting up vehicles to accomplish many of the strategies through Contryman Associates, P.C. or Contryman Wealth Advisors.
We can also help you plan lifetime exit strategies including the transfer of ownership and the transfer of management. We look at the tax implications of possible strategies while trying to meet your needs and respond to your desires and objectives for the business or plan for your estate.
When Contryman professionals provide business planning services, they will try to look at most aspects of a business to help the business operate successfully while protecting the owners’ interests. They advise business owners on entity selection to see that the organization is structured in a manner that will limit liability, provide fringe benefits, provide flexibility for future expansion, minimize taxes, and provide transferable ownership interests.
Process:
Related Contryman Services:
Bookkeeping and Payroll Services
Asset Protection
Business Planning Services
Business Succession Planning
Disability and Income Protection
Estate Planning
Profit Improvement
QuickBooks® Financial Software
Retirement Planning
Tax Planning - Business
Tax Planning - Retirement
Tax Services
Securities offered through 1st Global Capital Corp. (1st Global Privacy Policy) Member FINRA, SIPC.
Investment Advisory Services offered through Wealth Advisors Network, Inc., d/b/a Contryman Wealth Advisors.
Insurance services offered through 1st Global Insurance Services, Inc.. and/or Wealth Advisors Network, Inc.
Wealth Advisors Network, Inc., a Registered Investment Adviser, and 1st Global Capital Corp. are unaffiliated
entities.
Currently, we have representatives licensed to offer securities and investment advisory services in Alaska,
Arizona, Arkansas, California, Colorado, Illinois, Iowa, Kansas, Michigan, Minnesota, Missouri,
Nebraska, New Jersey, Oklahoma, South Dakota, Texas, Washington, Wisconsin, and Wyoming.
This is not a solicitation or offer to sell securities to residents of any other state.
CPA services provided only through Contryman Associates, P.C., and other licensed CPA firms.