Financial Planning for the Business Owner

Tools for Business Asset Protection, Employee Retention, and Tax Reduction

We have all heard the expression “Don’t put all your eggs in one basket.” However small business owners and entrepreneurs have the overwhelming tendency to do just that.

The goal of most entrepreneurs is to have a better income and lifestyle than working as an employee might provide. But for this to be achieved it is necessary to look at a number of goals, both near term and far, and take steps now to make this happen.

This workshop will discuss strategies and tools specifically designed for small businesses, independent contractors, and freelancers to get started in building a solid financial base for their business that can help weather economic volatility, build retained earnings outside of the business, attract and retain employees, reduce tax burdens, position the business for sale or succession, and more.

What You’ll Learn:
• Protecting your most important assets
• Tax diversification
• How to structure and fund buy-sell agreements for partnerships
• Executive/owner bonus and key person arrangements
• Owner retirement plans
• Employee attraction and retention strategies
• Profitable business transfer and exit strategies

Instructor: Paul Vitello