Business Planning
We Serve Businesses
Financial Services Professionals serve small businesses. These businesses are normally privately owned corporations, partnerships, or sole proprietorships. A small business may be defined as a business with a small number of employees. Small business usually means under 100 to 200 employees in the United States while mid-sized business usually means business with 200 to 500 employees.
The 3 Biggest Challenges Impacting Small Businesses- Health Care Cost For Themselves and Employees
- Retaining Qualified Employees
- Taxes
Financial Services Professionals job is to help the business owners grow and protect the wealth of the business as well as the business owners personal wealth. This includes heling the company plan for its transfer to new owners in the event of a disability, retirement or death of a major player.
Financial Services Professionals must help the business owners:
- obtain the best health and life insurance coverages at competitive and affordable prices insurance
- retain Qualified Employees thru competitive employee benefit and retirement programs
- retain Qualified Executives thru executive compensation strategies
- minimize State and Federal Taxes
A Quick Review of the Types Of Businesses Structures Your Clients Use
Type of Company | How Easy Is It
To Raise Money? | Management | Company Operations | Liability |
| | |
Sole Proprietorship | Difficult | The Owner | Simple | Unlimited |
General Partnership | Difficult | Partners | Simple | Partners |
Joint Venture | Difficult | Partners | Simple | Partners |
Limited Partnership - LP | Difficult | Partners | Medium | Partners |
Limited Liability Partnership-LLP | Possible | Members | Medium | No |
Limited Liability Company - LLC | Possible | Members | Medium | No |
Corporations - C Corp | Stock | The Board | Difficult | No |
S-Corporations | Stock | The Board | Difficult | No |
Non-Profit Corporation | Stock or Membership | Members or Trustees | Difficult | No |
Professional Corporation | Stock/Licensed
Professionals | Board/Licensed Professionals | Difficult | Varies by State |
Need more infomation for you or your clients? Here a few resources: