Financial Planning for Business
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As a business owner, your concerns involve business continuation planning, cost-effective
group benefits or providing for your own retirement, your Hantz Financial Services
(HFS) consultant will be able to help so that you can focus on what you do best:
running your business. When you work with an HFS consultant, you are benefiting
from using an integrated team of trained specialists. Your financial consultant
will help you to identify your goals, objectives, and expectations, then create
a custom-made business plan for you. Your business plan will include a comprehensive
analysis of your current business structure, employee benefit and retirement programs,
commercial insurance, and business succession plan, and it will make recommendations
on how to properly align your business with your goals and objectives.
Entity Structure Analysis
Entity Structure Analysis is a comparison of the current business entity structure
to other possible alternatives. For example, the comparison of a C-Corporation to
an S-Corporation, or a Limited Liability Company versus a Sole Proprietor or a Partnership.
This allows you to see the advantages and disadvantages of each structure, based
on your current needs and future goals. This analysis may lead to changes in entity
structure or forming additional business entities to help you achieve your goals.
Executive Benefit Planning
How do you reward and retain the key employees who drive your business success?
We can help guide you in designing an effective compensation program to reward your
key employees for their outstanding contributions - and help you retain these talented
and diligent employees. Our programs reward your employees in ways that they will
appreciate. Furthermore, we will make sure your compensation program is manageable,
affordable, and consistent with your goals and objectives.
Offering the right retirement plan will help you to attract and retain the right
employees. The Hantz Financial Services (HFS) Retirement Services Group provides
plan sponsors with a comprehensive solution for their retirement-plan needs as well
as the expertise to handle all aspects of the installation process, employee enrollments,
and investment management. Our system balances the employer's need for service,
performance and low cost with the employees' need for education, ease of use, and
performance. Our team will assist you with plan setup paperwork, elections, enrollment,
participant termination forms, and day-to-day retirement-plan questions that may
come up. We believe a key measure of our success is your level of comfort as a plan
fiduciary. We are able to provide services to cover various type of plan design,
- 401k plans
- 457 and 403b Plans
- SIMPLE and SEP Plans
- Single K Plans
- Defined Benefit Plans
- Deferred Compensation Plans
- Payroll Deduct IRAs
- ERISA/DOL Compliance
Hantz Retirement Services has assembled an experienced team of specialists whose
sole focus is servicing retirement plans. Our team has extensive plan design knowledge
and the resources to evaluate and determine the best strategies for your plan. By
working with several investment and retirement plan providers, we
have the resources to help our clients realize their retirement goals and expectations.
A dedicated HFS financial consultant works continuously with your employees and plan
participants to help them get the most out of their retirement plans. An HFS financial
consultant can help participants decide how much they need to save, select investment
options, assist with form completion, and review their accounts periodically.
Employee Benefit Planning
In today's challenging economic climate, most companies are looking for innovative
ways to curtail the increasing cost of employee benefits. The ever-changing health-care
and insurance industry has made it challenging for employers to provide their employees
with adequate and flexible benefits at an affordable price.
Hantz Benefit Services (HBS) is a fully integrated agency specializing in employee
benefits. Our unique approach enables us to provide benefits in a manner that traditionally
has only been available to a select group of employers. Our benefit plans include:
- Health Insurance
- Prescription Drug Coverage
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short and Long Term Disability Insurance
- Voluntary Benefits
- Personal Health Insurance
- Cobra Administration
We understand the challenges employers are facing due to the increasing cost of
health care. We can help you contain cost and still offer attractive health-care
options for you and your employees. Our professionally trained staff has the knowledge,
creativity, and experience to help small and mid-sized companies provide and manage
their benefit plans with the utmost support and service. Whether your plan is fully
insured, completely self-funded, or somewhere in between, our specialists are able
to provide guidance around balancing cost-management requirements against the needs
of the employees.
Education is a pre-requisite to an individual's ability to make optimal financial
decisions, and empirical evidence tells us that employees who are financially savvy
are more productive. Our educational services program is comprehensive; attending
one or more of our workshops will help your employees increase their "Financial
IQ" - which will positively influence your organization's workforce productivity.
Organizations can pick from a complete array of sessions to choose the ones that
best fit their employee demographic.
Program goals include:
- To both educate and motivate employees to improve their financial situation,
- To provide a resource for the participants to take action, since advice only matters
if it is implemented,
- To make your employees more productive by helping them understand the control they
can have over their financial situation,
- To help you retain productive employees.
Commercial Insurance Planning
Our commercial risk insurance representatives provide a "Best in Class" approach
to reviewing your current and future business insurance requirements. We provide
you with an assessment to give you a fresh look at your company's true level of
risk. We take the time to fully understand your business model, search for gaps
in coverage, and provide insurance solutions that meet your company's needs.
An owner of an interest in a business is faced with special estate-planning challenges.
This is true whether the interest is in the form of a sole proprietorship, a partnership,
a limited liability company, or a corporation.
The typical business owner's business interest, next to personal earning power,
is probably their most valuable income-producing asset. Both the owner and his/her
family depend heavily upon this asset; as such, the owner must give careful thought
to the business retention or disposition in the event of the "three Ds": Death,
Disability, or Departure.
Many business owners convince themselves that they will never retire, and thus they
fail to plan for the eventual transition of their business ownership to others.
Without a well-thought-out transition strategy, many business owners and their families
receive much less than the fair market value of their business when it comes time
It is important to develop a plan that will maximize value in the business, ensure
competent management, and spell-out a succession plan. A properly funded buy-sell
agreement is an important document that can address the issue of future ownership
transition - especially when there are two or more owners involved. If little or
no planning has been done in advance, the business is often disposed of at liquidation
prices simply because no one is in line to operate the business. However, even if
a capable employee can operate the business, the financing of the sale may be inadequate
for the previous owner to receive a fair market value. Without proper planning and
guidance, the business owner may also end up paying unnecessary taxes.
An important part of business succession planning is the value of your business.
We conduct business valuations based on your financials using various valuation
formulas. We provide valuations not only on the net asset value, but also on the
revenue stream. Adjustments may need to be made to the financials for items such
as owner compensation and rent levels, etc. An appropriate valuation allows you,
the business owner, to adequately protect the value of your business assets – and
it also assures you that your family will receive proper compensation for your business
in the case of your disability or death.
For a free no-obligation consultation, please provide us with your contact information
and a Hantz Financial Services (HFS) advisor will contact you to answer any questions
you might have about your financial situation.