{"id":43,"date":"2016-04-12T16:34:27","date_gmt":"2016-04-12T16:34:27","guid":{"rendered":"https:\/\/www.teamwia.com\/site\/?page_id=43"},"modified":"2019-03-20T18:38:29","modified_gmt":"2019-03-20T18:38:29","slug":"business-planning","status":"publish","type":"page","link":"https:\/\/www.teamwia.com\/site\/services\/business-planning\/","title":{"rendered":"Business Planning"},"content":{"rendered":"

[et_pb_section bb_built=”1″ specialty=”off” background_color=”#ffffff” parallax=”on” parallax_method=”off” background_image=”https:\/\/www.teamwia.com\/site\/wp-content\/uploads\/site_images_lrg_1920x1200_SERVICES_1A_BUSINESPLANNING.jpg” disabled=”off” disabled_on=”off|off|” custom_padding_tablet=”50px|0|50px|0″ custom_padding_last_edited=”on|desktop” next_background_color=”#ffffff” _builder_version=”3.2.2″][et_pb_row background_position=”top_left” background_repeat=”repeat” background_size=”initial”][et_pb_column type=”4_4″][et_pb_divider admin_label=”Divider – FOR IMAGE” global_module=”619″ color=”#ffffff” show_divider=”off” divider_style=”solid” divider_position=”top” hide_on_mobile=”on” height=”350px” saved_tabs=”all” disabled_on=”||on” \/][et_pb_divider admin_label=”Divider – FOR IMAGE MOBILE” global_module=”620″ color=”#ffffff” show_divider=”off” divider_style=”solid” divider_position=”top” hide_on_mobile=”off” height=”200px” disabled=”off” disabled_on=”||on” saved_tabs=”all” \/][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=”1″ fullwidth=”off” specialty=”off” transparent_background=”off” background_color=”#ffffff” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” padding_mobile=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” make_equal=”off” use_custom_gutter=”off” custom_padding_tablet=”50px|0|50px|0″ custom_padding_last_edited=”on|desktop” prev_background_color=”#000000″ next_background_color=”#000000″][et_pb_row make_fullwidth=”off” use_custom_width=”on” width_unit=”on” custom_width_px=”916px” use_custom_gutter=”off” padding_mobile=”off” allow_player_pause=”off” parallax=”off” parallax_method=”off” make_equal=”off” parallax_1=”off” parallax_method_1=”off” column_padding_mobile=”on” background_position=”top_left” background_repeat=”repeat” background_size=”initial”][et_pb_column type=”4_4″][et_pb_text admin_label=”HDR – SERVICES \/ BUSINESS FINANCIAL PLANNING” use_border_color=”off” text_letter_spacing=”2px” background_position=”top_left” background_repeat=”repeat” background_size=”initial” _builder_version=”3.2.2″ header_font=”|300|||||||” header_2_font=”|700|||||||” header_2_text_color=”#809baf” header_2_font_size=”30px” text_letter_spacing_last_edited=”on|” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone”]<\/p>\n

SERVICES<\/strong> \u00a0\/ \u00a0BUSINESS FINANCIAL PLANNING<\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”BUSINESS FINANCIAL PLANNING” use_border_color=”off” background_position=”top_left” background_repeat=”repeat” background_size=”initial” _builder_version=”3.2.2″]<\/p>\n

\nAs job creators, idea innovators, wealth builders, and taxpayers, business owners are by nature self-driven, responsible, take charge, make-it-happen people. Yet, in the rush of day-to-day business activities, many business owners become so engrossed in running their companies, they inadvertently put their personal finances on the back burner.<\/p>\n

With much of their wealth locked into business assets, business owners need financial planning that understands and respects this reality. Wealth Impact Advisors\u2019 specialized tools and plan design expertise can incorporate buy-sell contingencies, business continuity issues, and exit\/succession planning into a comprehensive LifePrint\u2122 plan that protects both family and business interests.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=”1″ specialty=”off” background_color=”#ffffff” parallax=”on” parallax_method=”off” background_image=”https:\/\/www.teamwia.com\/site\/wp-content\/uploads\/site_images_lrg_1920x1200_SERVICES_1B_BUSINESPLANNING.jpg” disabled=”off” disabled_on=”off|off|” custom_padding_tablet=”50px|0|50px|0″ custom_padding_last_edited=”on|desktop” prev_background_color=”#ffffff” next_background_color=”#ffffff” _builder_version=”3.2.2″][et_pb_row background_position=”top_left” background_repeat=”repeat” background_size=”initial”][et_pb_column type=”4_4″][et_pb_divider admin_label=”Divider – FOR IMAGE” global_module=”619″ color=”#ffffff” show_divider=”off” divider_style=”solid” divider_position=”top” hide_on_mobile=”on” height=”350px” saved_tabs=”all” disabled_on=”||on” \/][et_pb_divider admin_label=”Divider – FOR IMAGE MOBILE” global_module=”620″ color=”#ffffff” show_divider=”off” divider_style=”solid” divider_position=”top” hide_on_mobile=”off” height=”200px” disabled=”off” disabled_on=”||on” saved_tabs=”all” \/][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=”1″ fullwidth=”off” specialty=”off” transparent_background=”off” background_color=”#ffffff” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” padding_mobile=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” make_equal=”off” use_custom_gutter=”off” custom_padding_tablet=”50px|0|50px|0″ custom_padding_last_edited=”on|desktop” prev_background_color=”#000000″ next_background_color=”#000000″][et_pb_row make_fullwidth=”off” use_custom_width=”on” width_unit=”on” custom_width_px=”916px” use_custom_gutter=”off” padding_mobile=”off” allow_player_pause=”off” parallax=”off” parallax_method=”off” make_equal=”off” parallax_1=”off” parallax_method_1=”off” column_padding_mobile=”on” background_position=”top_left” background_repeat=”repeat” background_size=”initial”][et_pb_column type=”4_4″][et_pb_text admin_label=”HDR – SERVICES \/ SUCCESSION PLANNING” use_border_color=”off” text_letter_spacing=”2px” background_position=”top_left” background_repeat=”repeat” background_size=”initial” _builder_version=”3.2.2″ header_font=”|300|||||||” header_2_font=”|700|||||||” header_2_text_color=”#809baf” header_2_font_size=”30px” text_letter_spacing_last_edited=”on|” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone”]<\/p>\n

SUCCESSION PLANNING<\/strong><\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”SUCCESSION PLANNING” use_border_color=”off” background_position=”top_left” background_repeat=”repeat” background_size=”initial” _builder_version=”3.2.2″]<\/p>\n

\nGrowing your business is hard work. Passing it on shouldn\u2019t be. You owe it to yourself to ensure that your business will continue to flourish after you leave. Proper planning can help provide long-term security for your retirement, your company\u2019s future, and your family.<\/p>\n

Laying The Groundwork<\/strong>
\nIt is never too early to begin planning for succession. An early start can help you develop an appropriate exit strategy and allow you the time to choose the right person(s) to eventually run your business. A business succession plan can maximize your business’s value and secure your own financial future when the time comes to sell, transfer or wrap things up. When planned properly, your transition should be smooth both emotionally and financially, not just for you and your family, but your employees and your successor as well.<\/p>\n

Professional Guidance For Your Journey<\/strong>
\nDrawing upon our years of experience guiding business owners through the journey of succession planning, Wealth Impact Advisors serve as your financial advocate to assure that your experience is as simple and smooth as possible.<\/p>\n

In addition to offering you solutions that range from estate and tax planning to business advisory and wealth management, as well as looking after all aspects of the sale of your business, we serve as your central facilitator to ensure that all necessary details are properly coordinated with your other advisors, including your accountant and attorney.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=”1″ specialty=”off” background_color=”#ffffff” parallax=”on” parallax_method=”off” background_image=”https:\/\/www.teamwia.com\/site\/wp-content\/uploads\/site_images_lrg_1920x1200_SERVICES_1C_BUSINESPLANNING.jpg” disabled=”off” disabled_on=”off|off|” custom_padding_tablet=”50px|0|50px|0″ custom_padding_last_edited=”on|desktop” prev_background_color=”#ffffff” next_background_color=”#ffffff” _builder_version=”3.2.2″][et_pb_row background_position=”top_left” background_repeat=”repeat” background_size=”initial”][et_pb_column type=”4_4″][et_pb_divider admin_label=”Divider – FOR IMAGE” global_module=”619″ color=”#ffffff” show_divider=”off” divider_style=”solid” divider_position=”top” hide_on_mobile=”on” height=”350px” saved_tabs=”all” disabled_on=”||on” \/][et_pb_divider admin_label=”Divider – FOR IMAGE MOBILE” global_module=”620″ color=”#ffffff” show_divider=”off” divider_style=”solid” divider_position=”top” hide_on_mobile=”off” height=”200px” disabled=”off” disabled_on=”||on” saved_tabs=”all” \/][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=”1″ fullwidth=”off” specialty=”off” transparent_background=”off” background_color=”#ffffff” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” padding_mobile=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” make_equal=”off” use_custom_gutter=”off” custom_padding_tablet=”50px|0|50px|0″ custom_padding_last_edited=”on|desktop” prev_background_color=”#000000″ next_background_color=”#000000″][et_pb_row make_fullwidth=”off” use_custom_width=”on” width_unit=”on” custom_width_px=”916px” use_custom_gutter=”off” padding_mobile=”off” allow_player_pause=”off” parallax=”off” parallax_method=”off” make_equal=”off” parallax_1=”off” parallax_method_1=”off” column_padding_mobile=”on” background_position=”top_left” background_repeat=”repeat” background_size=”initial”][et_pb_column type=”4_4″][et_pb_text admin_label=”HDR – SERVICES \/ KEY PERSON INSURANCE” use_border_color=”off” text_letter_spacing=”2px” background_position=”top_left” background_repeat=”repeat” background_size=”initial” _builder_version=”3.2.2″ header_font=”|300|||||||” header_2_font=”|700|||||||” header_2_text_color=”#809baf” header_2_font_size=”30px” text_letter_spacing_last_edited=”on|” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone”]<\/p>\n

KEY PERSON INSURANCE<\/strong><\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”KEY PERSON INSURANCE” use_border_color=”off” background_position=”top_left” background_repeat=”repeat” background_size=”initial” _builder_version=”3.2.2″]<\/p>\n

\nProtecting Your Business against Loss of Key Employees<\/strong>
\nThe death of a key person can result in serious consequences for the business. Credit could be substantially impaired, or even worse, loans would be called if the key person was a co-signer. The loss of that \u201cintangible asset value\u201d represented by the key person may be greater than that caused by a fire, flood, or other catastrophe. When insuring a loss through death, Key Person Life Insurance can provide an important source of revenue replacement. Further, the insurance can be designed to accumulate reserves that may be used ultimately for retirement, a termination replacement, or the retraining of successors.<\/p>\n

Split Dollar Plans<\/strong>
\nMany companies design their Key Person coverage as a Split Dollar Plan. This is an arrangement between an employer and an employee to share the costs and benefits of a life insurance policy. These plans are widely used in gift and estate planning and can be an important part of the compensation package for key executives.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=”1″ specialty=”off” background_color=”#ffffff” parallax=”on” parallax_method=”off” background_image=”https:\/\/www.teamwia.com\/site\/wp-content\/uploads\/site_images_lrg_1920x1200_SERVICES_1D_BUSINESPLANNING.jpg” disabled=”off” disabled_on=”off|off|” custom_padding_tablet=”50px|0|50px|0″ custom_padding_last_edited=”on|desktop” prev_background_color=”#ffffff” next_background_color=”#ffffff” _builder_version=”3.2.2″][et_pb_row background_position=”top_left” background_repeat=”repeat” background_size=”initial”][et_pb_column type=”4_4″][et_pb_divider admin_label=”Divider – FOR IMAGE” global_module=”619″ color=”#ffffff” show_divider=”off” divider_style=”solid” divider_position=”top” hide_on_mobile=”on” height=”350px” saved_tabs=”all” disabled_on=”||on” \/][et_pb_divider admin_label=”Divider – FOR IMAGE MOBILE” global_module=”620″ color=”#ffffff” show_divider=”off” divider_style=”solid” divider_position=”top” hide_on_mobile=”off” height=”200px” disabled=”off” disabled_on=”||on” saved_tabs=”all” \/][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=”1″ fullwidth=”off” specialty=”off” transparent_background=”off” background_color=”#ffffff” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” padding_mobile=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” make_equal=”off” use_custom_gutter=”off” custom_padding_tablet=”50px|0|50px|0″ custom_padding_last_edited=”on|desktop” prev_background_color=”#000000″ next_background_color=”#000000″][et_pb_row make_fullwidth=”off” use_custom_width=”on” width_unit=”on” custom_width_px=”916px” use_custom_gutter=”off” padding_mobile=”off” allow_player_pause=”off” parallax=”off” parallax_method=”off” make_equal=”off” parallax_1=”off” parallax_method_1=”off” column_padding_mobile=”on” background_position=”top_left” background_repeat=”repeat” background_size=”initial”][et_pb_column type=”4_4″][et_pb_text admin_label=”HDR – SERVICES \/ BUY-SELL AGREEMENTS” use_border_color=”off” text_letter_spacing=”2px” background_position=”top_left” background_repeat=”repeat” background_size=”initial” _builder_version=”3.2.2″ header_font=”|300|||||||” header_2_font=”|700|||||||” header_2_text_color=”#809baf” header_2_font_size=”30px” text_letter_spacing_last_edited=”on|” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone”]<\/p>\n

BUY-SELL AGREEMENTS<\/strong><\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”BUY-SELL AGREEMENTS” use_border_color=”off” background_position=”top_left” background_repeat=”repeat” background_size=”initial” _builder_version=”3.2.2″]<\/p>\n

\nProtecting a Business Partnership<\/strong>
\nIf a business partner dies, a Buy-Sell Agreement protects the business and remaining owners from inactive, uninformed, and potentially dissident shareholders and helps consolidate control in the hands of the agreed upon group. Additionally, it helps fix the value of each owner\u2019s business interest. From the viewpoint of the heirs of a deceased business owner, a buy-sell severs their dependency on the surviving owners and the economic fortunes of a business that has lost a key person.<\/p>\n

Proper Funding Is Essential to the Agreement\u2019s Effectiveness<\/strong>
\nIt\u2019s important to note that a buy-sell agreement is useful only to the extent it is adequately funded on the date of the \u201ctriggering event.\u201d Wealth Impact Advisors can guide you in the process of developing and funding a buy-sell agreement suited to the needs of your business. The ideal buy-sell agreement is funded and prepared in a manner that is easy for the parties to understand, is reasonably priced, is easily administered, and will not adversely affect the working capital or credit position of the business or professional practice.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=”1″ specialty=”off” background_color=”#ffffff” parallax=”on” parallax_method=”off” background_image=”https:\/\/www.teamwia.com\/site\/wp-content\/uploads\/site_images_lrg_1920x1200_SERVICES_1E_BUSINESPLANNING.jpg” disabled=”off” disabled_on=”off|off|” custom_padding_tablet=”50px|0|50px|0″ custom_padding_last_edited=”on|desktop” prev_background_color=”#ffffff” next_background_color=”#ffffff” _builder_version=”3.2.2″][et_pb_row background_position=”top_left” background_repeat=”repeat” background_size=”initial”][et_pb_column type=”4_4″][et_pb_divider admin_label=”Divider – FOR IMAGE” global_module=”619″ color=”#ffffff” show_divider=”off” divider_style=”solid” divider_position=”top” hide_on_mobile=”on” height=”350px” saved_tabs=”all” disabled_on=”||on” \/][et_pb_divider admin_label=”Divider – FOR IMAGE MOBILE” global_module=”620″ color=”#ffffff” show_divider=”off” divider_style=”solid” divider_position=”top” hide_on_mobile=”off” height=”200px” disabled=”off” disabled_on=”||on” saved_tabs=”all” \/][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=”1″ fullwidth=”off” specialty=”off” transparent_background=”off” background_color=”#ffffff” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” padding_mobile=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” make_equal=”off” use_custom_gutter=”off” custom_padding_tablet=”50px|0|50px|0″ custom_padding_last_edited=”on|desktop” prev_background_color=”#000000″ next_background_color=”rgba(255,255,255,0)”][et_pb_row make_fullwidth=”off” use_custom_width=”on” width_unit=”on” custom_width_px=”916px” use_custom_gutter=”off” padding_mobile=”off” allow_player_pause=”off” parallax=”off” parallax_method=”off” make_equal=”off” parallax_1=”off” parallax_method_1=”off” column_padding_mobile=”on” background_position=”top_left” background_repeat=”repeat” background_size=”initial”][et_pb_column type=”4_4″][et_pb_text admin_label=”HDR – SERVICES \/ EXECUTIVE BENEFIT PLANS” use_border_color=”off” text_letter_spacing=”2px” background_position=”top_left” background_repeat=”repeat” background_size=”initial” _builder_version=”3.2.2″ header_font=”|300|||||||” header_2_font=”|700|||||||” header_2_text_color=”#809baf” header_2_font_size=”30px” text_letter_spacing_last_edited=”on|” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone”]<\/p>\n

EXECUTIVE BENEFIT PLANS<\/strong><\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”EXECUTIVE BENEFIT PLANS” use_border_color=”off” background_position=”top_left” background_repeat=”repeat” background_size=”initial” _builder_version=”3.2.2″]<\/p>\n

\nAn Impactful Wealth Accumulation Tool to Attract, Retain and Reward Key Executives<\/strong>
\nBusiness owners and key executives face tax issues and retirement saving challenges due to restrictive legislation that dramatically limits the amount of income that can be deferred or contributed to the company\u2019s qualified retirement plan. For this reason, a growing number of companies are turning to nonqualified deferred compensation plans to, augment owners\u2019 and key executives\u2019 retirement benefits and overcome many of the regulatory restrictions that apply to qualified retirement plans.<\/p>\n

Objective Advice and Advocacy<\/strong>
\nAs professionals with many years of experience in executive compensation strategies, our role is to serve as your company\u2019s advocate \u2013 helping you define your specifications and compare existing programs with your current goals. We help you orchestrate the plan; assemble the required specialists; coordinate arrangements with your legal, accounting and internal advisors; and guide every aspect of your plan\u2019s development.<\/p>\n

Our services include the design, financing and administration of executive benefits programs such as:<\/p>\n