Business Owners

WHO WE HELP: BUSINESS OWNERS

We work frequently with business owners and understand your specific and diverse needs. We make every effort to analyze your special needs. We use sophisticated financial modeling software called Financial Profiles. It is helpful in organizing and forecasting a plan for you, but it does not compare to knowing you, which is our role.

Our approach is to understand your vision for your business and your personal financial life. Our focus is integrating business and personal financial decisions. We call it our holistic approach to planning. It involves a very intuitive analysis of your vision and situation, both personally and professionally. These strategies become your financial plan for your business and personal life. But, the planning process is a continuous and ever evolving process, so we’re here for the long-term, committed to helping you succeed. If there’s one thing you can be certain of, it’s that change will occur, and we’ll be here to help you.

Business Owners - Northbeam Financial, Dallas, TX

Here are some important questions to ask yourself; questions that our process addresses.

How can I optimize future wealth enhancement?
How can I diversify my overall risk by creating financial growth programs that are not tied to the future performance of my business?
What are my options for structuring a retirement program for me and my employees? Which one is best for my business? Which one offers me, the business owner, the most benefits? How are the various options treated from a tax standpoint? How much can I contribute into the retirement plan I choose? When will I be able to retire? What benefits can I expect from offering a retirement plan to my employees?
How can I hedge my investment risk through a broad asset allocation strategy? What is the proper mix of investment types for me taking into account my unique attitudes toward risk and volatility?
How can I reward key employees? What are the benefits to them? What are the benefits to me?
How can I minimize taxes and maximize cash flow? Can I grow my money tax free?
How can I plan for exiting my business later in life? Do I have a succession plan?
What effect would my death or the death of a key employee have on my business? How can I protect myself from this loss?
How do I pass on the most assets possible to my heirs? What do I need to be doing now to make sure this happens?
Will my family be able to maintain a comparable lifestyle if I should die prematurely? Become disabled? Require long-term care assistance? Have a chronic health problem?
How do I protect my assets from potential judgments in a lawsuit or from creditors?