Small Business Planning
Our Advisors offer professional advice for Small Business Planning. A Small Business is a business that is privately owned and operated, with a small number of employees, which generally has less than 100 employees. Typical examples include: convenience stores, other small shop (such as a bakery or delicatessen), hairdressers, tradesmen, lawyers, accountants, restaurants, guest houses, photographers, small-scale manufacturing etc.
Business Planning Pyramid
There are many different models to describe the development of a business from inception to maturity, and they generally describe the same process. The development of a business can be reflected in three distinct phases, each having its own set of concerns.
Problems Facing Small Business Owners and Professionals:
As a small business owner or professional, you face many challenges not only in the day-to-day management of your business, but in ensuring its long-term viability. For some of the concerns you need to address are listed below:
- Loss of an owner
- Loss of a key person
- Attracting employees/executives
- Retaining employees/executives
- Using the business to support retirement incomeRetaining employees/executives
- Business investment income taxes
- Covering capital gains tax liabilities
Our Planning Expertise for Small Business and Professionals Clients
Our planning includes the following:
- Commercial property and liability coverage
- Collateral Coverage
- Key person coverage
- Group Health and Dental Benefit
- Group Pension Plan
- Succession planning
- Shareholder/partnership agreement planning
- Corporate reorganization – Estate Freeze
- Accounting and Taxation Referrals
Talk to our professional advisor for more information on meeting your business planning needs.