Business Owners
Business Planning
Asking the correct questions leads to appropriate solutions for your business
McKinley Financial uses a comprehensive approach towards enhancing your business through an efficient use of your company’s resources. By implementing tax efficient strategies we can help you enhance the way your company uses its income for growth, protection, and employee retention.
Tax Strategies
- Captive Insurance Company
- Permanent Benefit Section 79 Plan
- Defined Benefit Plan
- 401(k) Profit Sharing Plan (Qualified Combo or Split Funded Plan)
- 419(e) Welfare Benefit Plan
- Cash Balance Plan
Employee Retention
- 401(k) Plan Administration and Management
- Deferred Compensation
- Pension Plan Administration
- Health Care & Benefit Plan
- Executive Bonus Plans
- Stock Option Plans
- Permanent Benefit Section 79 Plan
Protection
Protecting yourself and your business is more complicated than simply being protected under your corporate entity. An ongoing plan to protect your business from the pitfalls of today’s litigious society. Risk management is vital to your company’s health and growth. Allow us to protect your business so you can focus on growing the company. We can provide, but not limited to the following:
- Captive Insurance
- General & Product Liability
- Worker’s Compensation
- Umbrella Insurance
- Property, Equipment, & Income Insurance
- Commercial Auto & Trucking Insurance
- Professional Liability Insurance
- Directors & Officers Liability Insurance
- Employment Practices Liability Insurance
- Fidelity & Fiduciary Insurance
Business Banking
More than ever, having a strong business banking relationship is critical for your company’s success. Creating an environment that allows your company to operate effectively without wasting valuable time on non-business related items. Items to consider are:
- Business Lending
- Cash Accounts
- Checking and Credit Cards
- Employee Benefit Accounts
- Managing Payables
- Managing Receivables
- Merchant Accounts
- Business Lending
Growth
Steady growth is imperative for a company’s health. With a growth plan you will enable your company to capitalize on market conditions, make strategic acquisitions, and increase productivity. Through a tax efficient and conservative approach, position your company for future success by:
- Increase Market Cap
- Manage Cash Effectively
- Equipment Improvements
- Property Acquisition
- Marketing
- Improve Operation Systems
- Add Additional Employees
- Retain Key Employees
- Acquire Competitors
Succession
One of the most important but often forgotten parts of business planning is the exit strategy. By preparing your business’s succession plan you will increase the company’s probability of success and the ability to exit at the appropriate time.
- Buy/Sell Agreements
- Key Man Insurance
- Business Entity Formation
- Executive Compensation
- Deferred Compensation
- Retirement Planning
- ESOPs
- Valuation
- Continuity Planning