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Business Owners: Reward Your Key People|The Executive Bonus Plan

I’ve worked with a lot of business owners over the years.  In private practice as an attorney, as a consultant to financial practices, as a marketing attorney for financial institutions –  the issues and opportunities that occupy a business owner’s  time have been front and center in my professional life.  What I’ve found is that, while no two businesses are exactly alike and while no two business owners are exactly alike – they do all share some common concerns. And, I found when I was running my own business I faced these concerns too.  Do any of these sound familiar? (more…)

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Qualified Plans Make Sense for Even Very Small Businesses

I have had the recent pleasure to work with a talented consultant and had the opportunity to talk about her success with her small business and her plans for the future.

She shared some interesting insights about her own business and personal planning that I thought may benefit any small business owner, and that is no matter how small your business is, you probably can benefit from a qualified plan. (more…)

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Protecting Your Business Against Loss


As a business owner there are many concerns and issues that keep you up at night.  Some of those concerns may feel very immediate to you and you know they need to be addressed today.  For instance, what could have happened if you , a business partner or a key employee of your business had died or became  disabled  yesterday?  If this is a concern that keeps you up at night you may be wondering what  you can do to put your mind at ease?


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How Can a Qualified Plan Benefit Your Business?


A qualified plan can provide tax savings for your business today and accumulate assets for you for tomorrow.

Consider the following:

  • A qualified plan can provide an immediate tax deduction for your business.
  • Contributions to the plan are not currently taxable as income to the participants.
  • Contributions accumulate tax-deferred until withdrawn.1
  • Qualified plan assets are generally protected from creditors.
  • If you have a need for life insurance, premiums can be paid for with pre-tax dollars through the plan.


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