Align Your Hard WorkWith the Vision You Have for Your Business
As small business owners ourselves, we can relate to the complex financial questions you may have as you run your company. Our goal is to help you achieve balance in the workplace so that you can focus on the growth of your business along with your own personal financial success.
Owner Focused Retirement Planning
You may be asking yourself a number of questions such as, "What will retirement look like? Will it involve a sale? Will succession planning to current employees or family members be part of it? How will the owners extract income from the business or firm? Does a business valuation need to be completed? Are adequate savings vehicles in place now for the owners?”
Together, we will review options for you as an employer to maximize retirement contributions and discuss how non-business retirement resources fit into the picture.
Tax Management
MFG will conduct tax impact analysis for both the business and the owners personally. We work with tax professionals on strategies to manage current and future taxes in addition to providing and evaluating cost-basis reviews and reviews of carry-forward losses.
Our team will also provide insight into advanced tax depreciation strategies, help forecast potential future tax implications and savings opportunities, and determine how a future sale or transition could potentially impact future taxes.
Investment & Insurance Planning
Business Valuation
We know that a majority of small business owners plan to fund a large portion of their retirement through the sale and/or transition of their business. Knowing the true value of your business and how to efficiently extract that value to fund retirement is paramount for business owners, no matter the transition or sale plan or purchasing party.
MFG utilizes BizEquity® which harnesses Artificial Intelligence (AI) and Cloud Source technology to provide industry specific Business Valuations and Key Performance Indicators (KPIs) for small businesses. We utilize a simple 7-Step process that can be completed online in a fraction of the time or effort required by offline valuation firms. If a certified valuation is required, we have resources available to provide certified valuation reports when needed.
Employee Benefits
Operations & Business Analysis
Succession and Transition Planning
How will you exit your business someday? Is there a family member, a partner or a valued employee who will step up to take the reins? If so, are they prepared and what will that look like?
Working alongside business valuation professionals, we’ll assist you in developing a business succession plan that meets your needs. We will work with you as you outline the resources necessary to fund a buyout and keep the business operating and growing, among other details including:
- Will your transition involve a sale to an outside entity?
- Will you need to stay involved during the transition? If so, for how long and will you be required to help finance the transaction?
- Are you willing to accept that risk or do you prefer to just walk away?
Financial Estate Planning
We work with estate planning professionals to assist you in designing a financial estate plan built around your goals. Working in conjunction with your estate planning professional, we will evaluate your current and future estate planning needs and goals. We will address such questions as:
- What if I have heirs who are part of the business and others that are not?
- How will a transition of assets affect my estate? Is equal fair in this instance?
- What other considerations must I include?
- Do I need a buy-sell agreement funded in case of pre-mature death or disability?
- What about my spouse? How do I make sure he/she is taken care of if something happens to me or the business?