Key Areas of Financial Concern for Business Owners

• Determine the value of your business.
• Create current balance sheet and income statements.
• Provide appropriate financial ratios.

• Create a process for hiring and evaluating.
• Provide incentives to increase loyalty and retention.
• Evaluate retirement saving plans and employee benefits.

• Analyze your legal entity for:

Maximum protection against liabilities.

Effectively manage income and minimize taxes.

• Documentation for corporate resolutions, annual meetings, etc.

• Formulate business vision, mission and guiding principals.
• Create a written business plan.
• Set and monitor cash flow (budgeting).
• Evaluate, educate and improve upon accounting and bookkeeping processes.

• Provide protection against death, disability of owners.
• Provide protection against death, disability and departure of key employees.
• Plan a strategy for the business to provide retirement income.

• Worker’s Compensation.
• Commercial liability.
• Protection against loss or theft of hard business assets.
• Life insurance on owners and key employees.
• Disability insurance for owners and key employees.