Whether or not the business is publicly-traded (shareholders)
or privately-owned (business owner), personal wealth is created by a combination
of appreciation in business value and the use of employee benefits paid for by
the company. Appreciation in business value is created by enhancing
company earnings - a very complicated process which includes attracting and
keeping the best available talent in the labor markets. Employee benefits,
such as retirement plans, insurance programs, cost reimbursement programs and
stock option plans - to name a few - often comprise the primary personal wealth
accumulation techniques used by employees and business owners alike.
Consider the following key strategy areas, if you own a business, and how they
affect your personal wealth accumulation:
Key Issues:
Pension & Executive Benefits /
Corporate Benefits - As a business owner, great
personal wealth can be amassed by creating "qualified"
(non-discriminatory) and "non-qualified" (discriminatory)
retirement programs that heavily favor the owner and key employees.
Further, many costs that would otherwise be paid personally can be
structured for tax-deductible payment at the company level, effectively
reducing the costs of these personal expenses. Feasibility studies
should be performed to determine the proper retirement plans and executive
benefits before money is spent to begin these programs.
Business Consulting / Business Plans - New
and formative companies enter the business "fish pond" filled with
piranha waiting to devour them - more than 90% of all businesses fail within
the first 12 months of operation. Whether you need to create a
business plan for obtaining financing or simply to organize how your
business will enter and survive the "fish pond", our consultant is
an experienced Certified Public Accountant with an MBA degree whose business
planning experience exceeds 20 years! Not only does our process result
in a written business plan, the business plan is implemented and monitored
to ensure success. We also have the important lending and investment
banking connections to assist with capital needs.
Business Valuation & Asset Appraisal -
Whether you are preparing to sell your business or
require a tax-qualified valuation for an Employee Stock Option Program
(ESOP), a gift of closely-held stock to a deferred charitable trust or for
family gifting purposes, our valuation expert can create a business
appraisal that can withstand IRS scrutiny or Tax Court contestation.
In addition, we can appraise individual assets on the corporate balance
sheet. All work is affordable and performed in an expedient, accurate
fashion.
Income Tax - So much of
a business owner's wealth is built by minimizing the amount of tax
paid. The wealthy have always mastered this challenge by hiring the
best tax counsel. If you do not have a tax review of your business, by
an independent third party, you may be leaving considerable money "on
the table" and walking down the path to serious, contingent tax
liabilities which compound as your unawareness continues. Recently, we
noticed that a client had accumulated over $1.5 million in investment assets
in her corporation. Her Beverly Hills CPA had allowed this accumulated
earnings problem to develop. If audited, this client would have
been assessed a penalty of 34% (personal service corporation) of $1,350,000,
or $459,000, PLUS the regular income taxes that should have been paid on at
least $1,350,000 of accumulated earnings, as mandated by current tax
law. We devised a program which should eliminate the entire problem
and prevent future tax pitfalls from occurring.
Financial Planning Services - Your
employees and key executives are literally begging for unbiased financial
planning advice, especially since current trends reveal that they are using
the internet and discount investment brokerages to buy their own insurance
and investments rather than using a broker or financial planner. Your
company can establish an affordable financial planning program to reward key
employees and help them associate their own financial independence with the
growth of the company. Our company will give your employees unbiased
planning advice because we do not tie the sale of financial products to the
dispensation of advice like most traditional financial planning firms do.
Pension & Executive Benefits / Corporate
Benefits
Business Consulting Services / Create Business Plan
Business Valuation and Appraisal Services
Business Income Tax Planning
Financial Planning for Key Executives and Employees
Have your
financial planner contact me (no obligation)
Securities offered through 1st Global Capital Corp.,
Member FINRA/SIPC.
Investment Advisory Services, including fee-based asset management
accounts held through NFS, LLC, are offered through 1st Global Advisors,
Inc. All other financial planning services are offered through Financial
Dynamics, LLC. Financial Dynamics, LLC and 1st Global Capital Corp. are
not affiliated. Mortgage, credit and real estate services are offered by
entities unaffiliated with 1st Global Capital Corp.
