Dr. Bart Basi:
Succession Planning
The need for business succession is an essential component of anyone involved in an ownership position or anyone contemplating becoming an owner. Planning for the business executive of a closely held and/or family-owned company involves special tax and non-tax considerations. Some of the primary goals of such executives include:
Maintaining control of the business among desired individuals during lifetime and at death.
Providing adequate income during retirement and for your family upon your death.
Minimizing estate and gift tax liability.
Succession planning is essential to ensure continuity of your business. The professionals at THE CENTER will:
Consider the impact of the tax laws.
Create a plan maximizing your benefits.
Develop a succession strategy.
Negotiate and implement the transfer your company.
Tax Aspects of Business Decisions
To optimize capital structuring, it is essential to give thorough consideration to the tax consequences of a decision. At The Center, we will:
Analyze your assets to determine which ones should be incorporated and which ones should be kept in the possession of individuals.
Consider valid alternatives for transferring money into the business.
Consider and advise on the ramifications of taking assets out of the corporation.
Analyze your business decisions while taking into consideration the current tax law ramifications.
With today's complex and integrated tax structure, THE CENTER offers the following services:
Tax Minimization Analysis
Advance income tax planning.
Assistance with IRS inquiries and audits.
Litigation support as needed.
Advice on the tax ramifications of your decisions.
Retirement and Estate Planning
Planning and plan structuring for retirement is tied to the intent of the corporate owners, i.e., do I have a plan that will maximize benefits for my retirement? The law is complex in this area, but does offer numerous combinations. Of utmost importance is ensuring that your retirement plan is considered qualified by the IRS.
Estate planning is broader in scope and includes the assets and on-going income stream of the business. Therefore, planning the continued structure of the closely held corporation is essential to estate planning. Once a plan is formed, a periodic review of the estate plan should be conducted to be certain that it continues to fulfill specific goals for the distribution and transfer of assets. Day to day life situations and changes in the tax law impact estate plans. Our personnel can assist with detailed projections of your estate and the estate of other key stockholders.
Retirement and estate planning is broad in scope. The personnel at THE CENTER will:
Develop a retirement strategy for you.
Determine the estate tax consequences.
Analyze asset transfer with action recommendations.
Draft the legal documents.
Mergers & Acquisitions
The art of negotiation for a sale or merger of a business can go far beyond just what the price is. A seller or buyer must also be concerned about security and future benefits.
The position of a company in the market area is a prime motivation for potential buyers. Organization is an extremely important factor in merging or acquiring a business.
To optimize deal structuring, it is essential to work with experienced professionals who will:
Develop a merger and acquisition strategy.
Analyze the financial and tax aspects.
Negotiate with all parties.
Draft all legal documents.
Close the deal successfully
Valuation
Knowing the value of stock in a closely held company is important to anyone that has an ownership interest in a business. The valuation process of determining what a company is worth is not a simple one.
The Center has personnel who have written, spoken and testified on valuations concerning closely held companies. Accordingly, our personnel can evaluate your business, determine a formula for inclusion in a buy-sell agreement and/or assist in negotiating the sale or purchase of a business regarding the value of a company.
Call us now to:
Evaluate your business.
Determine a formula for inclusion in a buy-sell agreement.
Assist in negotiating the transfer of your business.
Provide litigation support as needed.
Strategic Planning
Planning is the power source for performance. At The Center, we are equipped to analyze and recommend organizational, structural and investment alternatives.
We can provide a framework that will assist you in organizing your thoughts and plans, and will enable you to chart your process. This includes strategic planning for the future of the company.
The professionals at THE CENTER will:
Analyze and recommend organizational and structural alternatives.
Provide a framework that will assist you in organizing your plans.
Develop a strategic plan for the future of your company.
Income Tax Planning
Our income tax planning analysis enables us to use varying assumptions to obtain the most beneficial tax results. We will produce supporting schedules of income, deductions, and available credits, depending on available information.
With today's complex and integrated tax structure, we find it essential to provide the following services:
Advanced income tax planning.
Assistance with IRS inquiries and audits.
Investment Analysis
Investing requires consideration of many factors, not the least of which is the economic viability of the underlying investment.
We will not only assist in evaluating the advantages and potential risks, but will direct attention to the return on investment for investors.
Budgeting & Cash Flow
The need for cash flow planning is frequently demonstrated by factors such as an inability to meet financial commitments, the need to borrow for operating expenses, and a variety of other situations.
Our personnel can assist in establishing and evaluating any number of budget categories as necessary to control cash flow. We will:
Make recommendations to improve cash flow.
Accommodate planning on a regular basis, i.e., monthly or annually, depending on the situation.
Structure cash flow projections.
