Business Planning

Whether you are a start-up, small business, or corporation you need a realistic and comprehensive business plan every year. We get you started with a business plan or review your existing one.

Running a business can be hard work, but it can also be highly rewarding — personally and financially. With advice from qualified professionals to help your finances run smoothly in the background, you can focus on the day-to-day matters that contribute to making a profit such as having a happy, productive, and content workforce.

As business owners, we understand that

the well-being of your personal finances is inextricably

linked with the well-being of your business.

By looking at both your and the business's

financial position we can help you to make financial

decisions that benefit both.

The secret to getting ahead is getting started. The secret of getting started is breaking your complex overwhelming tasks into smaller manageable tasks, and then starting on the first one.

-Mark Twain, American Humorist and Author

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As professionals, we can help:

Protect Your Business against unexpected events or loss of key personnel

Most small businesses are reliant on one or two key individuals for their existence and for their development. If anything were to happen to those individuals the business would also suffer.

Provide Advice for your Employees

Providing your employees with a good financial education so that they can make informed choices will provide you with a competitive advantage and allow you to retain satisfied employees.

Plan for your future and the future of the Business

Having built up a successful business you will need to think about an exit strategy. How can you step back from the business and how can the business continue without you. Planning ahead can put you in control of these decisions.

How can we help

Common Business Owner Goals and Objective Family;

Provide for surviving family members
Transition business to family
Finalize estate disposition goals and estate tax planning Business
Protect business continuity and success
Transition business to new owner(s) Employees
Reward and retain loyal employees Retirement
Ensure adequate retirement income Taxes*
Minimize current and future income tax burden*

We can help you create and execute customized plans to help entrepreneurs meet their objectives. Some of our key services are detailed below.

*Neither RANDA Wealth Strategies LLC, its staff nor or its agents/affiliates provide tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.

DIVERSIFICATION FOR BUSINESS OWNERS

Business Owner SLIRP Strategy (BOSS)

Supplemental life insurance for retirement planning can be an ideal strategy for business owners. This concept involves a business owner purchasing a cash accumulation, permanent life insurance policy with after-tax dollars. Over time, the policy will generate cash values that can be accessed on a tax-free basis during retirement, while providing asset diversification and reducing exposure to business risks.

Outside the box business planning

Executive Bonus (I.R.C. Section 162)

A nonqualified arrangement between an employer and select employee(s). Under an executive bonus arrangement, the employer agrees to pay a bonus each year to select employees, often in the form of premiums on personally owned life insurance policies. Executive bonus arrangements are used when a business owner wants to reward and retain key managers and employees. An executive bonus agreement clarifies the rights and obligations of the parties and formalizes the arrangement.

"Here at RANDA wealth strategies, we offer a wide array of services to help business owners address their financial needs at every stage of the business life cycle. Taking into account their personal values and financial goals, we create and execute customized plans to help entrepreneurs meet their objectives".

Jonathan