Advanced Business Solutions

When you're a business owner focused on business growth and day-to-day management, it's easy to postpone or overlook important business protection details. Advanced Business Strategies takes you beyond the fine points of your business strategy to preparing for events that can happen in the life of your business. Osborne-Brumsey & Associates can help you put strategies in place to protect your interests and assets, so you can attend to the details of running your business.

We're experienced with many different types of companies, practices, owners and partners, and have the insights and expertise that we can tailor to your situation. Whether you're a new entrepreneur, an established business concerned about adding or removing a partner, a family-owned company with several generations of family members working within the company or a new or established professional practice, we ask the questions that need to be posed. And based upon your goals, we'll help you shape the strategies you need. We work with your other professional advisors in developing your financial strategy.

Great strategies allow you to devote your time to the areas where you excel running your business. Our strategies' strengths help give you resilience to address the events that can derail business, and help provide the positive outcomes that are essential to your success and that of your business. As you evaluate your business strategy, have you addressed:

• Buy-Sell Agreement
  If an owner becomes disabled, retires or dies is there an agreement in place to transfer the ownership of the business in a manner that each owner would agree upon? Will there be sufficient money for the purchase?
• Salary Continuation Plan
  If an owner becomes disabled, how long would the business pay his or her salary? How would you address continuing ownership, overhead expenses and potential financial losses?
• Family Considerations
  Will the family of a deceased owner be taken care of financially, in the manner the owner would have desired? What relationship will there be between the surviving owner(s) and the family?
• Interim Financial Concerns
  Will the remaining owner(s) have the cash needed to keep the business going until new partners or employees arrive and are helping to generate additional revenue?
• Key Person Insurance/Deferred Compensation
  Have you addressed the potential for significant revenue loss if a key person dies or leaves the company? Are incentives or a strategy in place that would keep valued employees with the company? (Golden handcuff plans)
• Business Continuation
  What strategies are in place for the transfer of business ownership when owners retire? Have people been identified who would have interest in purchasing the business? Have strategies been made so they'll have sufficient financial resources for the purchase?
• Tax Strategies
  Do the business owners know about tax-favored methods of receiving money from their company? Are they aware of potential pitfalls? Use the links on this page to learn more about Advanced Business Strategy products & services. Then contact us to explore the best options for your company and employees.

This information should not be considered as tax advice. You should consult your tax advisor regarding your own tax situation.