Business Planning

How prepared are you for what lies ahead?

As a business owner, you know that businesses go through stages. When you start a NEW business, cash flow is important and just keeping the doors open can be a challenge. Then, the business moves through the GROWING, ESTABLISHED, and TRANSITIONING stages, where multiple problems and decisions arise.

Regardless of which stage your business is in, you may have questions about the future of your business but don’t know where to start. We can help. We will work with your CPA and attorney to determine the financial needs and priorities for your business, and then help implement the strategies.

While Scott Mounger was with Prudential Financial, he helped insurance brokers throughout the country with business planning problems. The exposure to many varied problems provided experience far beyond what he had as a single advisor. That makes him an especially valuable resource to you.

Strategies for your business

Business protection

  • Key person life and disability insurance
  • Business overhead expense insurance
  • Business loan life and disability insurance

Business succession

  • Buy-Sell strategies and insurance funding
  • Transfer and exit strategies
  • Informal business valuation
  • Review of buy-sell documents 
  • Employee stock ownership plans (ESOPs)

Key employee retention and retirement

  • Executive Bonus plans
  • Nonqualified deferred compensation plans
  • Split-dollar life insurance plans*
  • Salary continuation plans
  • Long-term care insurance plans
  • Qualified retirement plans
  • Group and voluntary benefits

Planning for the business owner

  • Business owner retirement analysis
  • Estate planning
  • Equalization of inheritances
  • Gifting strategies
  • Charitable Giving
  • Insurance review

*OSTB Wealth Strategies does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance. Split-Dollar Insurance is not an insurance policy; it is a method of paying for insurance coverage. A split-dollar plan is an arrangement between two parties that involves "splitting" the premium payments, cash values, ownership of the policy, and death benefits. These arrangements are subject to Split Dollar Final Regulations that apply for purposes of federal income, employment and gift taxes. Regulations provide that the tax treatment of split-dollar life insurance arrangements will be determined under one of two sets of rules, depending on who owns the policy.

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