Course Outline

Understanding your finances

Financial considerations unique to business owners
Impact of inflation & taxes
Incorporating your business into your net worth
Expense & income needs

Employee compensation and beneﬁts

Salary, bonuses, payroll taxes & insurance
Affordable Care Act (ACA)
Health savings accounts
Medicare
COBRA plans

Estate planning basics

Probate
Last will and testament
Revocable trusts
Powers of attorney
Federal estate taxes
Estate planning concerns for business owners

Understanding your business

Business structure decisions
Sole proprietorships
Partnerships
C- & S-Corporations
Limited liability companies
Taxation of pass-through entities

Employer-sponsored retirement plans

SEP-IRA
SIMPLE IRA
401(k) Profit sharing plan
Safe harbor 401(k)
Defined benefit plan

Advanced estate planning issues

Irrevocable trusts
Irrevocable grantor trusts
Transferring interests in closely held businesses
Charitable giving

Business valuation

Formal vs. informal
Valuation methods:
- Market approach
- Asset approach
- Income approach
Financial ratios

Key employees

Employment agreements
Insurance benefits
Stock compensation
Nonqualified deferred compensation

Business continuation agreements

Cross purchase buy-sell
Entity redemption buy-sell
Life cycle buy-sell
Cross endorsed buy-sell
Funding the buy-sell agreement

Business succession

Asset vs. stock sale
Cash vs. installment sale
Escrows and holdbacks
Capital gains vs. ordinary income
Sale to key employee group
Sale to a 3rd party
Intra-family transfers

Many of the topics that we will discuss in this course have financial, legal, and tax implications. The information is not intended to be specific to your business. Rather it is intended to be of a general nature. Please understand that none of the information should be construed as tax or legal advice.

Securities and Investment Advisory Services offered through Securian Financial Services, Inc. Member FINRA / SIPC. Wealth Strategies Financial Group is independently owned and operated. 2000 Town Center, Suite 1600, Southfield, Michigan 48075. Wealth Strategies Financial Group nor Securian Financial Services, Inc. are affiliated with Rochester College.

© 2019 Securian Financial Group, Inc. All rights reserved.

DOFU 09-2018 598526