Business Financial Planning

Many tax-deferred, qualified retirement savings vehicles, such as simplified employee pension plans (SEPs) or 401(k) plans, are available to business owners and their employees. The size of a company, as well as the ages and salaries of its employees, often determines which type of retirement plan is best in a given situation.

In addition, non-qualified plans allow business owners to provide selective benefits for themselves,  as well as their key employees.

Stay Focused

As your company grows and develops, it is important to keep sight of your personal priorities, particularly as they change over time. Annual reviews can help ensure your business activities are consistent with your long-term personal goals and objectives as well as the financial planning needed to be for the business.

Below are some of the Business Financial Planning services Feliciano Financial Group offers:

Group Benefits

As a business owner, you have many choices when it comes to offering Group Benefits to your employees.

It’s not a one-size- fits-all situation. So being able to offer benefits that meet the needs of your employees, will translate to a happier team of employees. And a happier team means your customers will benefit in the end.

Discuss your specific business needs and goals for Group Benefits with our team of advisors today.

Contact a representative today and schedule an appointment to discuss your Group Benefit needs – Call us on 903.533.8585

Business Retirement Planning

Designing a plan to fit your company’s needs can be complicated by the numerous financial, tax and legal considerations, so be sure to get professional advice.

Business Succession Planning

If you expect unrelated parties to carry on the business, you will need to meet with the key people for in-depth discussions about the company and its future, if succession involves the sale of the business.

Business Valuation

Recognition of depreciation adjustments to real value must be given for a proper valuation of the business that has substantial written down assets.

Buy-Sell Agreements

A buy-sell agreement is a legally binding document signed by owners of property (typically a business) placing certain restrictions on the transfer of property and requiring specified actions upon specified events.

Closely-Held Business

Why determine the current value of a business? Because if a major shareholder or partner dies, and you have not determined a value, the Internal Revenue Service, will do it for you.

Deferred Compensation

The use of non-qualified deferred compensation arrangements has grown substantially in recent years.

Key Man Insurance

The 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 were a co-signer.

Employee 401k Planning

The 401(k) type of retirement plan is perhaps the fastest growing plan in the country. This is true because employers find it a cost-efficient and attractive addition to their benefit package and because assets grow quicker when employers and employees are both contributing.

Employee Bonus Plans

Stripped of all “bells and whistles,” an executive bonus plan can be provided as an executive-owned life insurance policy, with premiums paid from the business.

Fiduciary Responsibility

Offering a retirement plan can be one of the most challenging, yet rewarding, decisions an employer can make.

Self-Employment Pension

Are you self-employed? Did you know you have many of the same options to save for retirement on a tax-deferred basis as employees participating in company plans?

Self-Employment Tax

The IRS is a partner and overseer – and it cannot be ignored. Mistakes are costly. Even if your accountant makes the mistake on your tax or other filing return, you pay.

Tyler Office  |  1828 East Southeast Loop 323, Suite 200, Tyler, TX 75701-8340  |  Mon-Fri: 8:00 AM - 5:00 PM  |  Sat-Sun: By Appointment

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by Advisor Launchpad to provide information on a topic that may be of interest. Advisor Launchpad is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Securities and investment advisory services offered through Lion Street Financial, LLC., member FINRA/SIPC. Fixed and traditional insurance offered through Feliciano Financial Group (FFG). Medicaid planning and consulting offered through Geriatric Care Solutions (GCS). FFG and GCS are not affiliated with Lion Street Financial, LLC.

This site is published for residents of the United States only. Registered Representatives and Investment Adviser Representatives of Lion Street Financial, LLC and Lion Street Advisors, LLC respectively, may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed.

DOL ERISA: Effective June 9, 2017, all individuals who provide advice to retirement plans, including Individual Retirement Accounts (IRAs), must abide by the fiduciary standard.  What does the fiduciary standard mean?  This means that your advisor must put your interests first before their own or that of the firm, make prudent recommendations, charge reasonable compensation and make no misrepresentations to you regarding recommended investments.  The recommendations made by your advisor must be based upon your specific investment needs and objectives.  The fiduciary standard is applicable to any recommendations that your advisor makes to you, the client, for your retirement account.  Please note the firm does have policies and procedures in place to monitor this level of fiduciary responsibility for our clients.

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