FBC201 – Entity Primer
FBC202 – Asset Protection for Business Owners
FBC203 – Income Tax Planning for Business Owners
FBC204 – Exit Strategies
FBC205 – Integrated Wealth Strategies – “Kaplan” Case Study
FBC206 – Strategy, Structure, & Culture
Choosing an Entity: Sole Proprietorships, Partnerships, Corporations, Limited Liability Companies.
Evaluating The Entities – This course surveys each business entity option. Multiple considerations dictate which choice of entity, for example: What are the business goals of the owner(s)? How does ownership, liability protection, capitalization, management, sale of the business, estate planning, taxation, and owner and employee benefits affect the choice of business entity? What are the income tax ramifications? Learn The Entity Choice Matrix.
Everyone can benefit from understanding how to protect their assets from lawsuits, taxes, divorces, and a myriad of other threats. Often our business owner clients, like private practice doctors, seek out asset protection for common characteristics such as: wealth, business ownership, entity formation, real estate ownership, and considerable income and estate tax exposures. What keeps your high risk professionals up at night – or should? Explore how to attract and engage these clients through an understanding and appreciations of their needs and perspectives.
Inclusive of welfare; benefit plans; sales of life insurance, layered entities, and captives.
After years of hard work, planning, and sacrifice, owners find themselves frustrated with the limited perceived options at hand. Sale, disability, death, and retirement are eventualities that all business owners must face at some point. It is clearly best to plan for these events so that the desired result will be obtained while minimizing taxes. This course reviews succession planning, business valuation, selling to co-owners, selling to employees, giving to family members, selling to outsiders; and estate planning concerns.
From this case study approach, brainstorm, consider, review and understand different integrated wealth, asset protection, income tax, and investment strategies. From an actual case, review detailed numbers, facts, goals, and concerns for “Paul Kaplan”, a 53 year old, single, “straight shooter” who has two children ages 24 & 25 and over $12,000,000 in assets. The types of assets include $10,000 in cash; $180,000 in marketable securities; $8,000,000 in other investments; $400,000 in qualified retirement plan; $1,400,000 in real estate holdings; $1,700,000 in personal residence; $130,000 in personal property; and $480,000 in liabilities. Paul currently has non-integrated “planning” and is interested in maintaining his customary lifestyle; simplifying and clarifying the ownership structure of his companies; providing asset protection for his various companies; not working but maintaining an active role in the businesses; leaving a legacy to his children in the form of something other than cash; charitable intentions without compromising financial independence; eliminating federal taxes; reducing income taxes; and maintaining flexibility to change planning in the future.
Inclusive of ownership decisions, integrating the team, and designing your future practice…a better business a better life.
The Southern California Institute helps Wealth Advisors and clients through Successful Family and Business Owner Events, Wealth Advisor Education Programs, Wealth Advisor Partnering Programs, and Speakers Bureaus.