Bill and Donna Smith own a small but growing business in the greater Atlanta area that they’ve built over the last 25 years. Now that the business is strong and thriving, they aren’t sure how to effectively use the funds. They would like to continue to scale their business until they are ready to exit, but this is the first time either of them have managed a business.
Challenges: Plenty of Profit, Lack of a Plan
- Since cash started flowing, Bill and Donna weren’t sure how to properly manage their profits.
- Bill and Donna had a few objectives on their mind—scale their business, diversify their cashflow, and plan for their future exit.
- Neither Bill nor Donna had ever run a business before, so they came to us confused and overwhelmed by their myriad options.
How Would Legacy Planning Help in This Scenario?
Investing with Intention
- Whole-picture planning. We would help Bill and Donna explore all areas of financial planning regarding their business, but we hone in on structuring their investments as an integral piece of the whole picture.
- In-depth cashflow analysis. We would support Bill and Donna through cashflow analysis, which would help them balance where their money was going.
- Tax mitigation. The Smiths should expect higher taxes with some of their investments and the success of their business. By using new retirement accounts, charitable giving, trusts, and other strategies, we would help Bill and Donna lower their tax burden.
An Investment Plan to Drive You Forward
Legacy Planning Advisors can provide a clear investment plan with objectives that help people like Bill and Donna not only simplify their business, but simplify their lives. Our clients can gain a new sense of clarity and confidence in their financial plan and the future of your business or retirement.
