Your business financial needs and opportunities and your personal financial needs and opportunities are married together. Typically, your personal financial planner focuses only on your personal financial life without regard or enough coordination with your business planning. The same is true with many business advisors. The result is the accumulation of a hodgepodge of financial products and strategies that you have "picked up along the way" that are either not very effective, or, for the closely held business owner, could have been acquired more cost effectively through the business.

As a closely held business owner, do you feel you are:

Paying too much in tax

Wishing you could defer more taxable income

Wondering if there is a more cost-effective method of compensating employees

Hoping you have covered the potential risks to your business and planned for its future success

Our approach to financial planning has always been to use a systematic and disciplined process:

1. Make a plan for what your financial priorities are.
2. Then, using the overflowing buckets model, address your priorities in a systematic, disciplined way.

THE CLOSELY HELD BUSINESS OWNER'S UNIQUE DILEMMA:

You Have Two Financial Buckets!

CONFLICTING PRIORITIES

Having worked with both buckets through the years, we realize this disconnect, and how it has cost some literally millions of dollars over time. So, we have worked to develop a flexible, but comprehensive program for business owners to build a healthy, more efficient, balance between their business strategies and their personal financial goals.

You have had to struggle with the challenges of taking on the responsibility of being a business owner. Now start reaping the benefits!

PHASES OF BUSINESS OWNER'S FINANCIAL LIFE

Business Creation Funding from business for Personal Wealth Creation and Transfer Wealth Transfer Disposition

Business Growth Business Wealth Creation Business Disposition Sale? Continuation? Retirement Income Phase with beginning of wealth transfer

Our research has identified the six general phases of the closely held business owner's life. It is crucial that you know where you are. Yes, some elements of the phases overlap and you may address some of your estate planning issues while contemplating sale or succession of your business. Or, you may want to fund life insurance premiums needed for estate liquidity from the company tax-deductible checkbook. One thing is clear though: unless you have a commitment to consistently address the financial issues in your business and personal life in an ongoing, coordinated way, you will surely miss out on wealth creation and preservation strategies that could cost you literally millions over you and your heir's lifetimes.

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