Business Advisory Services
The Business Advisory Service is our way of relieving the business owner of the numerous issues facing his/her company. While you work the front line managing employees and boosting profits, we work behind you to increase your financial effectiveness. We provide a complete package of solutions for the business owner.
Business Valuation Services Internal Buyout Study
Buy & Sell Agreement Analysis Executive Incentive Planning
Catastrophe Planning Retirement Plan Analysis
Estate Tax Elimination Planning Owner Wealth Building Study
Shareholder Succession & Exit Planning Family Business Counseling
ESOP Preliminary Assessment Strategic Planning
Business Valuation Services
Whether for a shareholder valuation, a stock option program, or an employee stock ownership plan, getting an appraisal of your business value is a must. Our firm has access to national firms that provide registered appraisals required to satisfy IRS audit and financial institution standards. (back to top)
Buy & Sell Agreement Analysis
Multiple shareholders in a company create the need for a buy & sell agreement to see that surviving shareholders and surviving family members of a deceased or disabled shareholder are properly taken care of. These agreements need regular review to keep consistent with business value. Unfortunately, shareholders and family members can find themselves in unnecessary litigation due to out-of-date agreements. Our review services study the buy & sell documents, business valuation, and any insurance plans that exist to fund the agreement. This review gives you peace of mind that all agreements and expectations are current with the business that exists today. (back to top)
Catastrophe Plan Analysis
Loss of a Shareholder or Key Employee can have a detrimental impact on the momentum of your company. Revenues can drop, key employees can start competing firms, and family members can find themselves owning a business that just lost its president and key revenue producer. Our Catastrophe Planning evaluation concerns itself with who runs the company, how they are compensated, what surviving family members receive, and what the future business plan is. We provide a thorough analysis of the people, positions and relationships that are necessary for the business to survive and see that plans are in place which provide for the family in the event of a catastrophe. (back to top)
Estate Tax Elimination Planning
You may have a buy/sell agreement. You may have successors who will run the company. You may have plans for family members to be provided for. However, estate taxes can still bankrupt your company. Your business could be destroyed if the company is forced into a total or partial liquidation to come up with the cash necessary to satisfy the IRS for estate taxes. By reviewing buy/sell agreements, business valuation, and successor management plans to determine the total tax bill left to the surviving family, our Estate Tax Elimination Planning identifies the worst case scenario and provides a number of planning options to reduce or totally eliminate the tax. (back to top)
Shareholder Succession & Exit Planning
When shall I sell my business and retire? Issues such as, who should I sell to, when should I sell, should I retire, and how will I end up financially when it is all done, must be addressed. Our Succession and Exit Study examines the personal issues of retiring, establishes a realistic value for the business, identifies potential successors, and reviews the most tax-efficient method of selling the business. (back to top)
ESOP Preliminary Assessment
An Employee Stock Ownership Plan is one of the most tax-efficient ways to sell your business interests. This entirely pre-tax transaction saves the buyer and seller significant tax dollars. Even though the business is sold to your employees, it can be operated by successor managers while control stays in the hands of those you select. Our Preliminary Assessment details whether or not an ESOP is a possible option for your company, and includes information on costs, potential leverage, and tax savings specifically related to your company. (back to top)
If you desire to sell your business to the management talent currently employed with your firm, you must first determine if they will have the ability to buy it. Our study will review your management team, their ability to operate the company in your absence, whether they have the financial ability to purchase the business, and the cash flow likely to be available for installments to the owner upon the sale of the business. We also provide an analysis of the various options for selling the business to insiders in a tax-efficient manner. (back to top)
Executive Incentive Compensation Planning
Most executives in business today will not be able to retire on the funds put into qualified retirement plans. Recent studies have shown that your top management team will only have 30% of their pre-retirement income available from social security and the typical 401(k) plan. Our Incentive Compensation Study will review your management team, their current compensation and wealth building possibilities and provide you with a number of strategies that will allow you to provide an incentive culture through selective incentive compensation plans. Because the wealth building is tied to performance, these plans not only provide more retirement wealth for the executives, but they can improve profitability of your company. (back to top)
Most companies have some form of retirement plan for their employees. Whether it is a pension, profit sharing, or 401(k) plan, it is important to review the current trends in fiduciary compliance, investment selection, plan administration, and tax reporting. Retirement plan providers have become very competition-conscious and are offering a variety of packaged programs that can provide substantial savings to both the employer and the employee. The federal government has stepped up its auditing of retirement plans and is assessing significant penalties on companies that do not follow the letter of the law regarding their fiduciary responsibilities. Our Retirement Plan Analysis will review your current plans and provide an objective analysis of procedures, investment options, employee communication and education, administration fees and service, and your compliance with federal laws regarding the employer’s fiduciary responsibility. (back to top)
Building personal wealth through business ownership can be achieved, first, by removing enough profit each year to accumulate wealth, and second, by growing the business and selling it at a future date. We examine the most effective ways of building wealth inside and outside of the business. Our Wealth Building Study will review the current plans in place and review future business transition plans to determine the best way to unlock your business value. This study will work to remove the mystery that might exist regarding how and when to retire, and what your future financial life may look like using our unlocking techniques. (back to top)
Many family owned businesses can find themselves in different stages of conflict due to many of the issues outlined in our Business Advisory Services booklet. Some of these problems can be created by siblings, by parents and even non-owner key employees. In situations where conflict is occurring, it can be very important to bring in an independent third party to help all members of the company work through the problems and arrive at solutions that are in the best interests of the business. Our President, Dave Nabity, has become very skilled at working with the owners and the key employees to resolve critical issues and move the business forward in a positive direction. Our Family Business Counseling services will work to identify the real problems facing the business, identify the strategic moves that are in the best interests of everyone involved and help all members of the team participate in making the changes necessary to achieve success. (back to top)
The best of plans and people are totally ineffective if plans are not implemented. Strategic Planning Processes help you grow your revenues, profits, and organizational capabilities. The practice is to support all aspects of your organization rather than emphasizing one at the expense of others. Strategic planning ensures progress with innovative processes that align your people behind your desired future. Growth should be seen in size and profitability of your customer base and company value. The process will yield a competitive advantage through differentiation, distribution, technology, and strategic alliances. Performance zones such as vision and strategy, target market, sales programs, financial planning, system utilization, organization structure, and personnel practices are examined and improved. (back to top)
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