Business Planning


Business planning focuses on issues specific to business owners and shareholders. For most business owners, the business is their most significant asset, and the financial success of that business has an immediate impact on the economic security of the family. Without proper planning, you may have difficulty tapping the value of your business to support your retirement, or your family may lose the value of your business at your death.

Our process coordinates the management of your business throughout its life cycle with:

  • Risk management
  • Distributions to the owners
  • Succession planning

Operation planning focuses on critical components of managing a business in the various stages of its life cycle. Common and controllable management issues include sales and marketing, cost/benefit analysis, controls, human resources, tax issues, asset management, and product development.

Starting and running a business carries its own set of risk exposures and there are several factors that can impact how safe your personal and business assets are from risk. These include, but are not limited to: the type of business entity you choose, the state you choose to do business in, as well as how you manage your business, your human resources, and your taxes. Business risk management identifies your options for handling these risks.

Executive compensation focuses on both cash and non-cash approaches. The size and structure of the business significantly influences your compensation systems. Large businesses tend to provide owners with sophisticated and sometimes complex compensation formulas. Small businesses tend to adopt a more straightforward compensation approach. Examples of compensation include insurance benefits, qualified retirement plans, stock options, personal performance initiatives, and other tax-advantaged nonqualified plans.

Succession planning focuses on the transition of a business from an existing owner to a new owner. While key factors vary extensively with business type and industry, there are some factors common to all business transitions, including the creation of a sellable business and the formulation of specific transition mechanics at time of sale. Additional succession planning issues include positioning a business for sale, determining valuation and terms, grooming senior management, and creating strategic alliances.

The Foley/Connelly professional planning representatives will work closely with you to help ensure the appropriate transfer of business interests, while maintaining corporate continuity.

We will help determine the method of valuation. identify sources of funding if necessary, and assist in the final transfer. These services prevent unnecessary litigation and operate a smooth transition that is in the best interest of all parties involved.




 
 
 Securities offered through Kestra Investment Services LLC (member FINRA/SIPC). Investment Advisory Services offered through Kestra Advisory Services LLC (Kestra AS). Foley/Connelly FinancialPartners or any other entity listed. 

Kestra IS and Kestra AS do not provide tax or legal advice.

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