Often lifelong advisors and the owners they support do not know when to start planning. It’s not uncommon to wait too long before developing an exit plan. Inside every business there normally are financial adjustments to make to accounting processes, operational responsibilities to begin transitioning to other employees, client relationships to transfer, and efforts by the owner to learn how to step back from the daily management. Since most people exit a successful business once or twice in their lifetime they are often surprised at the amount of work and timing considerations involved in a business transition.

A lawsuit can have a dramatic impact on your business, life, and financial future. It's not uncommon to see a completely innocent business owner reach a substantial financial settlement to AVOID costly litigation. Solution: Proactive asset protection planning, Believe us; most lawsuits can be avoided with preventative proactive planning. Remember, when presented with a potential lawsuit, an attorney will look at you and your business and determine what wealth you have exposed to satisfy the damages in the event that the litigation against you is successful.

Is your goal to make a million dollars or accumulate a million dollars? How much profit did your business make last year…$100,000, $250,000 - Where is that $100,000? Why spend 2500 hours a year (50 hours a week for 50 weeks) developing ways to make your business profitable or if you spend little to no time developing a strategy to accumulate wealth? A wealth preservation plan must identify threats that impact income during the year – taxes, and expenses paid with after-tax, out of pocket dollars, and impact from year to year – taxes, lawsuits, retirement planning, exit planning and estate planning.