3D BUSINESS SOLUTIONS: A SPECTRUM OF CUSTOM FINANCIAL PRODUCTS & SERVICES
In today’s complex business environment our analysis, experience and carefully crafted strategies can help bring security for business owners, managers and employees.
- Funding Option Analysis
- Buy-Sell Strategies
- Family Business Succession Planning:
Sooner or later, everyone wants to retire. But if you own a family business, retirement isn’t just a matter of deciding not to go into the office any more. Besides ensuring that you have enough money to retire on, the whole question of what happens to the business becomes paramount. Who’s going to manage the business when you no longer work the business? How will ownership be transferred? Will your business even carry on or will you sell it?
Business succession planning seeks to manage these issues, setting up a smooth transition between you and the future owners of your business. With family businesses, succession planning can be especially complicated because of the relationships and emotions involved – and because most people are not that comfortable discussing topics such as aging, death, and their financial affairs.
- Key Person Insurance:
If your business is dependent upon the expertise of particular people in your company, you should also consider Key Person insurance. This type of policy helps to compensate a business for financial losses due to the death or long term disability of a key person. The insurance provides additional funds to the business until the key person can be replaced, or until he or she returns to work.
- Executive Bonus Plans
- Split Dollar Insurance
- Deferred Compensation Funding
- Salary Continuation Plans
- Non-Qualified Executive Fringe Benefits
- Pension, Profit Sharing and 401(k) Plans
- Payroll Deduction Plans
- Supplemental Disability Income Insurance:
As a small business owner, you have the option of providing your employees with the opportunity to apply for (or decline) supplemental disability income (DI) insurance on either a voluntary or employer paid basis.