Business planning focuses on issues specific to business owners and shareholders. Over the years, we have been able to help business owners in these key areas:
- Succession Planning: Transitioning a business from an existing owner to a new owner is a major undertaking. We help business owners position the business for a for sale by identifying potential buyers, determining valuation and terms, grooming senior management, and creating strategic alliances.
- Buy / Sell Agreements: A buy-sell agreement is an integral part of business continuity planning. A properly crafted agreement typically establishes a price for the business, provides the cash for funding, and guarantees a purchaser for the business interest.
- Executive Compensation: The size and structure of the business significantly influences your compensation systems. Large businesses tend to provide owners with sophisticated and sometimes complex compensation formulas. Small businesses tend to adopt a more straightforward compensation approach.
- Employee Recruitment & Retention: We analyze and develop employee benefit plans that attract and retains key employees.
- Risk Management: There are several factors that can impact how safe your personal and business assets are from risk. These include: the type of business entity you choose, the state you choose to do business in, as well as how you manage your business, your human resources, and your taxes.
- Operation Planning: We assist with common and controllable management issues. This includes sales and marketing, cost/benefit analysis, controls, human resources, tax issues, asset management, and product development.