CONSULTING SERVICES

Business Valuations

As financial professionals, we often hear the question, “How much is my business worth?” While we may hope to provide the client with an informed answer, there is very rarely an easily obtained answer to this question. Today, there is an increasing sophistication of owners of closely-held businesses as well as certain changing economic and social factors that have combined to force a shift in the evolution and development of valuation theory from being a nuisance to becoming a necessity.

The applications of business valuations are numerous: mergers, acquisitions, spin-offs, IPO’s, allocation of acquisition price, adequacy of life insurance, liquidation or reorganization of business, litigation, buy-sell agreements, divorce, minority shareholders’ interest, compensatory damages cases, financing, insurance claims, employee stock ownership plans (ESOPs), estate and gift taxes, incentive stock considerations, charitable contributions, return on investment, government actions, etc.

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Personal Financial Planning

Financial Planning is a process where you set yours personal objectives in life whether they are buying a second home, your kids’ college tuition funding, retirement and set a definite plan to achieve them.

This plan must be reviewed regularly in order to take into account changes in your personal circumstances, the availability of new products, and varying conditions in the financial markets. We specialize in both family and business planning so our clients may achieve the greatest success possible.

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Individual Retirement Issues

Even though it may be decades away, it is not soon to plan for your retirement. Millions of people reach their supposedly "golden years" impoverished because they failed to plan.

Individual Retirement Accounts (IRA) permits individuals to subtract a portion of their earnings from taxable income and to contribute these amounts to IRA accounts offered by banks, savings institutions, insurance companies, and mutual fund organizations. There are many types or IRA and many other investment vehicles that may be appropriate to you based on each personal circumstance.

The Five Basic Steps in Retirement Planning

• Decide how you want to live when you retire

• Estimate how much income you will need during retirement

• Figure out how much you need to accumulate to fund your retirement

• Take stock of your progress in meeting your retirement needs

• Take action to close the gap between the resources you now have and the resources you will need to retire

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