Applying our comprehensive financial expertise to businesses owned by high-net-worth individuals – active businesses, passive investments or businesses in transition
As an owner of a privately owned company, you face a multitude of complex business challenges. In addition, these challenges are more difficult given that the business is probably one of the most valuable assets of your estate plan and that of your family.
Our team has focused on assisting privately held and family-owned businesses with all aspects of their company planning and operations for the entirety of our professional careers.
Our services include…
Comprehensive Tax Planning and Advisory to both the Business and the Owner
- Preparation of all federal and state income tax returns for the business and the owner
- Business transaction planning to minimize unplanned tax implications
- On-going planning for the business or the owner for any aspect of the business that needs attention
Owner Advisory Services
- Merger or acquisition planning – As you contemplate your succession and the potential need for cash to pay out owners, we are ready to assist in providing you many options to plan for this event well in advance of when the event would occur. Our team of experts has seasoned experience in the tax benefits of advance funding through various vehicles as well as the operational challenges that could also occur.
- Liquidation event planning – If you are considering or already in the middle of a Liquidation Event for your business, we would be glad to discuss the planning options available to you. These considerations include tax planning, investment of liquidation proceeds, protection of your asset base and even planning around how to manage a team through such a “change event.”
- Business formation and entity selection – the complexity of the tax laws sometime require a change in the entity selection or may warrant a plan to set up or shut down an existing entity. We have the experience to guide your through this decision-making process.
- Valuation services for the owner – we customize our services to supplement your team’s expertise and can provide full valuation services or review and existing report giving you advice how to use the report for your own individual purpose and plan.
- Estate, trust and wealth succession planning or review – we take the time to learn about your financial situation and the goals for your family and business leading to a seamless transition and distribution of wealth according to your wishes, evaluating the effects of inter-generational transfers, charitable giving options, and protecting your assets, to ensure minimization of transfer taxes.
External Accounting and Bookkeeping Support
- Outsourced bookkeeping/controller services – we offer full-service accounting and bookkeeping to supplement or augment your existing team.
- Complete outsourced bill payment services – our offering of electronic services allows you to take most of the worry out of your bill payment processes.
- Payroll support – we support various payroll services and would assist in choosing one that fits your needs and budget.
Wealth Preservation Services
- Intergenerational transactions – Passing your wealth to future generations may be a primary goal and if it is, our expertise and experience in advising client to preserve the family or company asset base would provide value to you as you plan for your future. There are transfer taxes, probate cost and general operational considerations to consider as you develop your long-term family plan.
- Charitable planning – If charitable giving is a part of your wealth preservation or estate plan, the options available to you are an important component to consider. Whether you are considering a legacy approach or specific gifts to your favorite charity, we will be able to advise you on how best to maximize the impact of your intent and available assets.
- Inheritance & Gifting – With the complications of estate and gift law, it is essential that you adequately consider the options available to you in any wealth preservation plan. We work with experienced CPA’s and attorneys to provide our best advice for your individual situation. Everyone’s situation is unique, and the best plan includes a customized approach to your asset transfer planning.
