Business Planning

If you've built a business over the years, chances are it may be your largest asset. Yet, the estate taxes on that closely held business may someday create a burden for your business partners and heirs.

A carefully drafted business continuation strategy can provide a clear plan and the necessary resources to transfer appropriate ownership interests to key employees, business partners, or heirs. For example, advanced planning can fix the value of your business, which may reduce taxes and administrative costs.

Business planning strategies can also be used to develop attractive retirement and employee benefit packages for key employees. Nonqualified retirement plans can play an important role in helping to attract and retain highly qualified executives, particularly in competitive industry situations.

Your business is among the greatest achievements of your life. MarsJewett can help you plan for its future.