How can I get the full value out of my business when I’m ready to retire?
Are you nearing retirement and looking for ways to get the most value out of your business? Planning your retirement begins and ends with you. Luckily there are small, manageable steps you can take now to help ensure that you are able to reach your financial goals.
While there are a variety of strategies available, a collaborative team is an essential component to helping you achieve your goals. This team may include a financial professional, CPA and lawyer. We can help coordinate this team on your behalf.
My employees are the backbone of my business, how can I make sure that my transition out of my business has a positive impact on them?
We have learned that one of the most rewarding parts of owning a business is the positive impact and financial rewards it can have on others around you, especially your employees. Not only are you providing for your family but you also provide for your employees and their loved ones. Having strategies in place to make sure that the business can thrive, even without you, provides the security and reward they seek in making a long-term commitment to you and your business.
Implementing strategies that first and foremost, facilitate the continuation and the vitality of your business is most important; followed by programs which facilitate the financial security and a more comfortable retirement such as qualified and non-qualified retirement programs as well as executive benefit arrangements for those special, key employees.
Put a plan in place that ensures your employees:
- Have financial security for the future;
- Continue to keep your legacy alive and strong, and;
- Protection for their family and loved ones.
Your business is an extension of who you are and represents everything that you have worked for. You have nurtured your business into something that you are proud of and now you can choose how your legacy will live on. Whether it’s passing it along to your business partner, a most trusted employee or to the next generation in your family, the choice is yours and there are strategies to help you.