Planning for Business Owners
Supporting the Financial Needs of Business Owners
Growing a business today is no small task. Business owners must navigate complex tax laws, comply with evolving regulations, manage employees, serve clients, and still deliver products or services profitably.
In the middle of all this, many business owners become so focused on their company that they neglect their own personal financial planning. They may also miss key opportunities to strengthen their business’s financial foundation and long-term growth.
What’s more, unexpected events—like an economic downturn, health crisis, or sudden business disruption—can put their livelihood at serious risk.
At Humanitas Financial, we help business owners align their personal and business financial goals, mitigate risk, and plan for both growth and continuity.
Business Owner Planning
Financial Strategies for Today’s Business Leaders
At Humanitas Financial, we understand the unique financial challenges business owners face—from retirement and succession to protecting key employees. Our goal is to help you build a plan that protects what you’ve built and prepares for what’s next.
Retirement Planning for Business Owners
Don’t Bet Your Retirement on One Asset
For many business owners, the business itself is seen as the retirement plan. But relying solely on a future sale comes with risk.
Risks to Consider:
- Market fluctuations or economic downturns
- Business value tied to the owner's involvement
- Poor timing or lack of buyers
Our Solution:
We help diversify your retirement strategy with both qualified and nonqualified plans, giving you a strong foundation for long-term income—no matter what happens with the business.
Business Succession Planning
Plan Today for a Smoother Tomorrow
A sudden death, disability, or retirement of a partner can throw a business into chaos—especially if there's no plan in place.
Without a Succession Plan:
- Family members may inherit ownership unexpectedly
- Remaining owners may lack funds for buyout
- Business continuity may be threatened
Our Solution:
We design and fund Buy-Sell Agreements using tools like life insurance to ensure an orderly, fair transfer of business interests.
Key Employee Protection
When Talent Drives Value, Protect It
Your top talent is often irreplaceable. If a key employee suddenly leaves or passes away, your business could suffer financially.
The Risk:
- Lost revenue and productivity
- Recruitment and training costs
- Damage to client relationships
Our Solution:
Key Person Insurance helps cover financial losses while giving you time to recover and rebuild.
Executive Compensation Planning
Retain and Reward the People Who Power Your Growth
Losing a top executive can set your business back years. Keep them engaged and invested with custom compensation plans that align with long-term goals.
Our Tools Include:
- Nonqualified Deferred Compensation
- Executive Bonus Plans
- Split Dollar Life Insurance
These strategies help you retain key talent and motivate performance—without giving up equity.
Let’s Build a Stronger Financial Future—Together
Whether you're planning your exit, protecting your people, or just getting started—Humanitas Financial is here to help.
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