Financial Consulting for Business Owners

Business owners face unique challenges—and opportunities—in terms of financial planning. It takes hard work and careful planning to develop ideas into a successful business: continue that tradition by choosing a financial planning strategy that takes advantage of your unique situation.

For business owners who are considering moving to self-employment, a comprehensive plan can help with the adjustment from a situation where a previous employer might have provided benefits, such as health or life insurance or a company pension. Life and disability insurance can be difficult to purchase at first, since many insurers want two years of tax results. Some self-employed people can gain tax write-offs for some health insurance premiums.

For new business owners, a financial planner strives to provide guidance when the owner is thinking about a bank loan or line of credit to help fund office space, materials and other business investments. Explore options to most effectively secure these start-up expenses.

No matter what stage of growth your business is in, contact me today to design a tax-efficient business planning strategy.

*Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

Pfadt Wealth Management and LPL Financial do not provide legal advice or services.  Please consult your legal advisor regarding your specific situation.