Business Planning
Strategic Planning
Investment Management
Insurance Solutions
Strategic Planning
In the whirlwind of day-to-day business activities, small business owners often find themselves caught up in the hustle, temporarily losing sight of the grand vision they initially set out to achieve. As your company blossoms and evolves, it’s absolutely vital to stay laser-focused on your priorities. That way, your business endeavors remain perfectly aligned with your long-term personal goals and objectives.
With decades of experience working closely with passionate business owners like you, Demboski & Chapman can help propel you forward in countless exciting ways to help ensure both your business and personal financial success.
Strengthening Personal Finances and Building Wealth:
Many dedicated business owners become so deeply immersed in steering their companies toward success that they unintentionally place their personal finances on the back burner. This often happens when most of their liquid assets are tied up in the business. However, the journey to financial independence and the creation of personal wealth demands a purposeful approach. By partnering with our exceptional team and engaging in regular financial reviews, you’ll be empowered to take action, fortifying your personal financial foundation like never before.
Retaining the Company within Your Family:
If your business is a family affair, your goal may be to keep the torch burning within the family lineage. In this scenario, it’s time to explore transfer tax issues and weave together a business succession plan that will serve as the blueprint for your long-term ambitions. Your family’s legacy and your business’s enduring success await!
Developing an Exit Strategy:
Picture a future where your small business is not only successful but also marketable. Crafting a thoughtfully designed “exit” strategy ensures that you’re prepared, whether you choose to divest voluntarily or face unforeseen circumstances like disability or loss. It’s all about securing a future where the value of your business matches the financial freedom you desire.
Investment Management
Preparing for Retirement
Get ready for a thrilling chapter of your life! As a business owner, you have access to an array of tax-deferred, qualified retirement savings vehicles like Simplified Employee Pension Plans (SEPs) and dynamic 401(k) plans, benefitting both you and your dedicated employees. The choice of the ideal retirement plan often hinges on the unique characteristics of your company, the ages of your workforce, and their salaries. On top of that, non-qualified plans unlock the potential to offer exclusive benefits to key employees, adding an extra layer of excitement to your retirement plan.
Insurance Solutions
Protecting Your Business Against Loss of Key Employees
Behind every thriving business stands remarkable individuals whose knowledge, leadership, judgment, and connections drive profitable outcomes. The sudden loss of a key person can cast a shadow over the business’s future. But fear not, for Key Person Life Insurance swoops in as a pivotal source of revenue replacement. Moreover, this insurance can be artfully designed to accumulate reserves, potentially fueling your retirement dreams, facilitating seamless transition planning, or funding the retraining of future leaders. It’s a game-changer that secures your business and your dreams.
Protecting a Business Partnership:
In the world of business partnerships, trust and shared vision reign supreme. However, the unexpected passing of a business partner can throw everything into uncertainty. Enter the Buy-Sell Agreement, a mighty shield that safeguards your business and remaining owners from discord, confusion, and the risks of uninformed shareholders. It also streamlines control among the agreed-upon group while establishing clear value for each owner’s business interest. For the heirs of a departed business owner, a buy-sell agreement liberates them from dependence on surviving owners, ensuring their financial future remains bright.
