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Business Financial Planning

Business Financial Plan. What is Business Financial Planning Process?

Business Financial Planning Process is when stakeholders take into account all available growth and business succession plans. Right now you may not know what direction your business is headed. You may not be prepared to face the loss of key staff, new business challenges or a dispute between owners over rights and control of the business.
 
Even worse who will replace the owner of the business whether it is you, a family member, or a close friend in the event of death? These are the hard questions that have to be answered by business financial planning to insure that your business continues to flourish through the difficult times.
 
Take a look at the circumstances below! If you were faced with these circumstances today, would your business be prepared to weather the storm? 
  • Passing Away of the owner
  • New business challenges
  • Management buy-outs
  • Conflict over over ownership, rights, control or direction 
  • Employee turnover
  • Lack of a predecessor
  • Shrinking profits
  • Growing competition
  • Acquiring a business
  • Merging with another company
  • Retirement of the main owner
  • Business losses its direction 
If you are not prepared to deal with any of these circumstances and would like to get started preparing for them contact INKOM Wealth Management today from anywhere in the world via Skype, Twitter, Mobile App, Chrome App, email, fax or by phone.
 
Business succession agreements are an essential part of any ones business financial planning. Needless to say this area is often overlooked by business owners and can lead to the downfall of a business that they put all their sweet into over the years. 
 
Our financial planners can help you to take a global view of your financial and business affairs to develop a business succession plan to ensure a smooth transition between you and the next owner.  Some of the essentials of a business succession plan include:
  • Shareholders’ Agreement that allow for investment realisation
  • Succession Agreements to transfer a business from one generation to the next 
  • Insurance Funded Buy Sell Agreements
  • Important Person Revenue and Goodwill insurance
  • Liability insurance for your business related needs
  • Life and total permanent disability policies
  • Agreements to take advantage of capital gains tax (CGT) small business and rollover concessions
  • Employee share plans and other methods of retaining key employees when a business is transferred from one party to another in order to preserve the value of the business.
If you are not prepared to deal with any of these common business situations you need the help of a professional financial advisor you can trust. INKOM Wealth Management has been recognized as one of the top small businesses in Sydney. Our financial advisors are Certified Financial Planners which is the highest qualification in the profession. We have helped many businesses like yours develop a financial plan that will allow them to deal with the challenges above.
 
Start preparing to protect your business financially, since your loved ones are counting on it. Contact INKOM Wealth Management today from anywhere in the world via Skype, Twitter, Mobile App, Chrome App, email, fax or by phone. We can be contacted by using your smartphone, home telephone, tablet, or laptop and cloud.
 
Coutact Us Now!