Business Solutions Overview
Engage your business owners with complimentary business planning services provided by a team of attorneys, CPAs, and advanced markets consultants. Open doors to significant life insurance sales, with ease.
- Help business owners determine the current value of their business. Which business owner does not want to know its value?
- When was the last time your business owner clients reviewed their buy-sell agreement? Are the valuation formulae and structural arrangements still aligned with current realities?
- Have your older business owners implemented a properly funded business exit strategy? Will they have sufficient income during retirement to continue their lifestyle?
Our business insurance partner’s attorneys, CPAs, and advanced sales consultants are eager to engage with you, your clients, and your clients’ other advisors to talk strategy. Which of them needs guidance right now?
Answer Your Business Owners’ Most Important Questions
How Much is My Business Worth?
A complimentary Informal Business Valuation can serve as a great door-opener that can lead to life and disability income insurance sales. A current valuation enables business owners to make decisions about:
- Retirement income funding
- Business succession strategy
- Estate and wealth transfer planning
Our informal business valuations provide results for the five most common valuation techniques. We’ll go over these results to confirm which valuation method is most applicable for your client’s business. Not all businesses are easily valued. Let’s set up a call or Zoom to discuss your client’s company and determine if an informal business valuation can be developed to start a business planning discussion.
Is Our Buy-Sell Agreement still Aligned with Current Realities?
Complimentary Buy-Sell Agreement Reviews enable business owners to confirm (or update) valuation formulae or structural arrangements. Our buy-sell reviews include a summary of the current agreement and offer funding and trigger recommendations. An updated review can also confirm whether the agreement is properly worded to avoid the problems uncovered with the recent ruling in Connelly v IRS, No. 21-3683 (8th Cir. 2023).
Is My Family Business Well Prepared for My Exit?
As business owners get older, they begin to ask questions about the future. Will they have enough income to retire? Are they able to leave behind a healthy business that can thrive after they are gone? If some children are involved in the business, and others are not, how can they be treated equitably? A comprehensive Strategies for Your Family Business Review can begin to formulate answers to those important questions.
Will I be Able to Retire with My Current Lifestyle?
Many business owners wonder if they are prepared for retirement. Are they? A Business Owner Retirement Analysis is a good starting point for that discussion.
What Can I Do to Recruit, Reward & Retain Key Employees?
Offering a comprehensive package of key employee benefits makes it much easier for a company to recruit, reward, and retain key revenue drivers. Help your business owner clients structure executive benefits that are tax-optimized for their entity type. From simple bonus plans, to sophisticated deferred compensation arrangements and ESOPs, our carrier partner’s team of attorneys, CPAs, and advanced sales consultants can guide you and your clients toward key strategies, based on what they are trying to accomplish.
Will My Employees be Able to Buy My Company?
Owners of mid-sized companies may be able to answer their retirement income planning and business succession questions by selling their company to employees via an ESOP. Is this a good option for some of your business owner clients? Our carrier partner’s attorneys, CPAs, and advanced sales consultant will know the answer. They can model ESOPs for consideration, and help implement and manage the plan for the long term.
Only One of My Children Plans to Run My Farm (Ranch). How Do I Take Care of the Others?
Farmers and ranchers have unique challenges and opportunities when the time comes to plan for their retirement and handing their family business over to the next generation. A personalized Agribusiness Analysis can start that conversation. Which of your farmers is nearing retirement and beginning to ask questions about the steps they need to take? Let’s start that conversation now!