• Business Planning and Protection

  • An executive bonus plan can provide significant benefits to key employees. These plans are tpyically designed by offering additional retirement benefits, bonuses or incentives. With an executive bonus plan, a company attracts and retains key employees. A plan like this is usually designed with an insurance policy, paid by the company. This gives the company the ability to deduct the premiums.

    If an executive plan is designed appropriately, it can provide the following to key employees.

    • Retirement Income
    • Survivor Income
    • Disability Income Protection

    Our team can help establish an executive benefits plan that will help you retain the employees that are most valuable to your business. Contact us for more information.

    What's Your Exit Strategy?

    There will be a time when retirement begins to come to mind. When that time comes, you have to decide what you want to do with your business and how you want to exit. This will be one of the biggest moments of your life, developing an exit strategy will make the transition much easier. Keep the following questions in mind when developing an exit strategy.

    • When do you want to retire?
    • Do you want to fully retire or just scale back the workload?
    • Who would be interested in your business?
    • Do you want to sell it or gift it?
    • Are you working with professionals to help with your exit strategy?
    • What is your business worth?

    Developing a plan to exit your business can take a lot of time and effort. We recommend for you to establish a team that will be able to do most of the work for you. When developing a team think of a financial representative, a banker, a CPA and a business evaluation firm. If you are unsure of where to begin, reach out to our team.