Financial Planning for Business Owners

Many business owners aren’t sure if they need help positioning their company for long-term success. If this is you, ask yourself these four questions:

  1. Have you been looking to sell your business?
  2. Are you lacking a well-defined succession strategy?
  3. Are you paying too much in taxes?
  4. Do you lack confidence in your plan for the unexpected?

When you work with a wealth advisor at Avidian, you can move forward in confidence that the future of your business is in trustworthy hands. As a fiduciary financial advisory firm, Avidian Wealth Solutions is legally required to act in your best interests. Our financial advisors can assist with various avenues of your financial plan including planning for business succession, tax planning, risk management, and more.

Two-thirds of business owners don’t have formal succession strategies in place. Don’t be one of them. Learn more about our financial planning for business owners by contacting Avidian today.

“AT AVIDIAN, WE DO MORE THAN MANAGE YOUR MONEY, WE OFFER CUSTOMIZED WEALTH PLANNING SOLUTIONS.”

  • 18YEARS OF SUCCESS.
    FOUNDED IN 2003
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Succession planning and exit strategies

Many business owners don’t want to think about giving it up, but what if the unthinkable happens? Do you have an exit strategy in place? At Avidian Wealth Solutions, we have found that succession planning is an integral part of long-term business planning. When done correctly, it can provide you with a smooth and tax-efficient method of business succession in the event of an unexpected change such as illness, disability, or divorce.

A business succession plan benefits more than just the business owner. It’s vital for all stakeholders, employees, and clients. Whether your goal is internal succession planning, external succession, or a combination of both, we believe that all business owners should be able to answer these five questions:

  1. What does a successful transition look like for me?
  2. What is the valuation of your business?
  3. How have you reduced the risk and increased the value of your business? Have you hired key employees and professionals who are a good fit long-term? Are your clients connected to the firm rather than to an individual employee?
  4. What are you doing to effectively scale your business?
  5. Are you able to demonstrate consistent growth?

Our financial advisors can help you understand the many factors that influence your answers to these questions and create a succession plan that makes for a strategic transfer or sale of your company. How can we help? Avidian can help you prepare for sale or transfer by simplifying coordination between valuation consultants, legal and financial teams, as well as assist in developing a tax-advantaged strategy to include risk mitigation.

Let us help the business you’ve worked so hard to build endure long past your lifetime.

learn more: Most Business Owners Have No Succession Plan or Exit Strategy

Risk management strategies

Owning a business comes with financial risks pertaining to debt, cash flow, insurance plans, and succession planning. Through our family office environment, we offer financial risk management in Houston that helps our clients develop strategies for these business risks including:

  1. Using cash flow to leverage or eliminate debt
  2. Benefit analysis of cash purchase versus financing
  3. Collateralized lending strategies
  4. Business estate planning and/or business succession
  5. Business retirement and liquidation

By partnering with Avidian, you can gain peace of mind that your finances are being handled with the highest standard of care. Our fiduciary advisors work regularly and meticulously to reduce the risk and increase the potential for successful business growth.

Tax reduction strategies

What happens to your tax liability with proper financial planning? It’s all about how you spend, save, and share. When you create a comprehensive financial plan with Avidian, you can minimize your tax burden and secure your financial future.

Avidian can work collectively with your financial team to identify areas for potential tax savings. Our high-net-worth tax strategies cover multiple aspects including high-net-worth tax reduction, management of short- and long-term capital gains, and annual tax-loss harvesting.

Are you on the right path in your retirement journey?

Find out where you stand in our free Retirement Guide.

What makes financial planning for business owners different at Avidian?

At Avidian Wealth Solutions, many of our clients are owners of small and closely-held businesses. By bringing together people with expertise in estate planning, investment analysis, CPAs, investment specialists, and Certified Financial Planning, we work with you to achieve the highest possible valuation of your business as well as its continuity beyond your time. This is the Avidian Difference.

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