SMALL BUSINESS MANAGEMENT

Pursuing your own dream is no small feat. Leaving the comfort and security afforded by being an employee requires many attributes, not the least of which is courage. You already know that by asking the right questions and doing your homework, you can minimize your risks and be on your way to owning and operating your own business. The planning doesn't stop once the doors are open though. The advantages available to small business owners in the form of income tax incentives, retirement options, and business succession strategies are just the tip of the iceberg.

• Determine the feasibility of your business concept
• Select the appropriate business entity based upon taxes and liability exposure
• Weigh quitting your job versus building your business "at night"
• Forecast the impact on savings and retirement assets while you build your business
• Create a Business Plan and Financial Statements necessary for start-up funding
• Explore options for health-care, retirement, and other benefit plans

• Review the appropriateness of your business entity for taxes and insurance liability
• Determine most advantageous type of retirement plan for you and your employees
• Compare benefit packages for yourself and your staff
• Review & mitigate liability exposure
• Explore Business Succession strategies
• Determine if buy/sell insurance is appropriate for key staff members
• Work with your CPA or bookkeeper to verify that your estimated tax payments are both appropriate and timely