We understand that clients running their own businesses have a very wide range of needs, both in connection with their business and their personal financial aspirations. Common issues to most business owners include financing, staffing, tax planning, wealth extraction and exit strategies.
We have developed a specific service proposition for our business owner clients to ensure that you are clear on the advice and service we can provide to you and agree how this will be delivered.
Our wide ranging advice is designed to assist you through all the different stages of running a business.
From inception of a business we can provide advice in respect of suitable employee benefits including staff pensions, group life insurance and group health benefits to help you attract and retain the best staff for you and also ensure legislative requirements are met.
As your business develops you may want to consider the purchase of premises and we can help you arrange property finance for this. We can also consider the most appropriate way for the property to be owned including through your pension arrangements.
As your business develops it is important to ensure personal wealth is created outside of the business and we can advise you on the most tax efficient ways of achieving this including pension planning and other suitable investments.
As a business grows it is likely to become reliant on other key individuals and it is important to ensure that in the unfortunate event of their ill health or death, the impact on the profit and security of the business is minimised. Key person protection is critical for most businesses.
Of course all business owners would like to be in control of when and how they choose to exit the business. Often this will be through retirement or sale of a business and planning will be vital to ensure a smooth exit to safeguard both the interests of the business and you. Unfortunately some exits are unplanned and without appropriate shareholder agreements and supporting shareholder protection, control and future security of the business can be threatened. By assisting you with planning for both the expected and the unexpected you are able to focus on what you do best – running and developing your business.