Do you own a business? Providing employee benefits such as health insurance or a 401(k) plan can help build a long lasting, dependable work force.
Executive benefits like non-qualified deferred compensation or stock options may be very attractive to key employees.
- Employee Benefits – Providing employee benefits can help build a long lasting, dependable work force.
- When is a group health insurance plan appropriate? Does your business get tax credits for offering a plan?
- Should you provide ancillary benefits as well, i.e. life insurance, disability insurance, gap plans, cancer plans, etc.
- What is the ideal retirement plan to put in place?
- 401(k)
- SEP IRA
- SIMPLE IRA
- Roth 401(k)
- Keogh Plan
- Safe Harbor Plan
- Deferred Compensation
- Profit Sharing Plan
- Employee Stock Ownership Plan (ESOP)
- Defined Benefit Plan
- What are the capital requirements/obligations for the employer/owner.
- When is a group health insurance plan appropriate? Does your business get tax credits for offering a plan?
- Business Succession Planning
- Will you be leaving your business to your loved ones?
- Can you begin transferring your business now (freezing the transfer value) and still maintain control and income?
- Are there gift taxes to consider?
- Are non-business-owning heirs accounted for fairly?
- Or, do you plan on retiring and selling/gifting your business to a family member?
- Do you need income from your business in retirement?
- What is the most efficient way to do that taking into account current taxes and estate planning?
- Do you have business partners?
- Is there an official buy/sell agreement in place? Is it properly funded?
- If a business partner dies unexpectedly, who is your new business partner? Are you then required to make crucial business decisions in conjunction with the surviving spouse and/or multiple children?
- Will you be leaving your business to your loved ones?