Business Owners

Owning a closely held business brings special opportunities and challenges. As a result, business owners' financial planning needs are different than other people's.

Financial questions and issues unique to business owners include:

  • What is the most tax-efficient way to get cash out of my business?
  • How can I use my business to build personal wealth?
  • How do I exit from my business one day?
  • What type of retirement plan should I have at my company?
  • How do I motivate and retain top employees?

WealthPort, LLC, offers specific financial planning services to business owners. We help business owners in areas such as:

  • Business Exit Planning
    Eventually every business owner will exit from the business. We work with owners and their advisors to create plans that fulfill important retirement, investment, and estate objectives. Sound planning in this area may bring the client greater net value from sale of the business or help preserve the family-owned business for the next generation.

    Investment Strategies
    We advise our clients on investment strategies that are consistent with their business and personal goals, time horizon, and risk tolerance. We meet regularly to review and update client objectives. Once business owners exit from their business, we help structure their investment strategies to target their income or asset growth needs.

    Estate Planning
    Estate planning is about determining when, how, and in what manner assets will be passed to children, grandchildren, charities, or other beneficiaries. For business owners, estate planning addresses how to plan for an illiquid business and how to help reduce risk from potential creditors. Sound estate planning may help our clients protect their lifetime's assets from loss due to mismanagement or taxes.