Business Planning
You’re a business owner—you made your dream a reality with your own two hands.
You’re used to being the one who makes the tough calls. But who do you turn to when you have questions?
Our team is dedicated to helping your business thrive. We’ll help you grow and protect your assets, put together tax-smart strategies, and prepare to pass your dream on to the next generation when the time comes.
Nearly 8 out of 10 business owners plan to exit in the next ten years.
But planning to exit isn’t the same as having a plan. So we’ll help you get there with confidence
Tailored Solutions. Trusted Advice.
We specialize in tax planning, business valuations, employee benefits and incentives, wealth accumulation models, risk mitigation, and more. Our passion at Nautical Star Financial Group is to make the complex simple. Let’s bring your planning in line with your dreams so you and your business are positioned to make an impact. We’ll help you consider:
Integrated Planning
Business owners have unique needs due to the large percentage of their wealth in one concentrated position — the business. Let’s make sure your business plan and personal financial plan are aligned. Our team works with you to understand critical areas, such as your corporate structure, potential tax liabilities, and exit strategy, to help you proactively plan.
Employee Benefits
Your goal as a business owner is to attract and retain high-quality employees. Supplying the correct benefits – including retirement, health, life, and disability plans – allows your team to compete for and retain top performers. Our team will evaluate your current benefits and providers and help you coordinate benefit plans within your budget.
Strategic Management
Our in-house business evaluation team will review your business plan and compare your measures to industry metrics. We deploy an ongoing process alongside you and your management team to develop a transition strategy to pursue your goals. We will meet consistently to evaluate your progress and discuss strategic initiatives.
Risk Management
Our team will complete an overall assessment of your current risk in the business, so together, we can uncover solutions that take your business to the next level. By identifying key areas and the overall impact on the stability of the business, you can deploy strategies to accept, avoid, mitigate, transfer or reduce risk.
Operational Efficiency
Our team will help you create an efficiency plan to improve day-to-day business operations and move your business from a reactive to a proactive entity by increasing operational intelligence. In addition, a business with established efficiencies can adjust to dynamic, ever-changing market conditions.
Incentive Plan
The success of a business is often dependent on attracting and retaining key employees. So we work with owners to create a concrete plan – one that might include stock options, partnership, insurance benefits – that incentivizes vital employees to drive increased revenue, achieve critical strategic initiatives, and remain loyal to your business.
Tax Planning
How will you protect your business and your personal wealth? Business owners need proactive advice – strategic planning can save you taxes and provide more assets to invest in your company and personal goals. Tax planning involves creating strategies around your corporate structure and plan for expansion, the location of your business, income/distribution planning, and coordinating your plan with relevant parties.
Financial Management
We specialize in complex banking needs unique to business owners. We’ll evaluate your need for bank debt, lines of credit, short-term cash flow, long-term expenditures or investments, and more. It’s also vital to weigh the impact of debt on your personal financial statement – we help with that too.
Business Structure
Our Advanced Solutions team will help you evaluate whether your current business structure matches your immediate needs, growth plan, and eventual succession or exit plan. The correct structure can save you in taxes and provide a smooth track for expansion or purchase.
Business Valuation
Our team will complete a formal evaluation of your business using industry metrics. Establishing this baseline gives you time to develop the correct accounting, tax, and business analytics to optimize financials. In addition, the valuation can help you optimize financials and set the foundation to leverage lending, succession, and growth opportunities.
Nonqualified Deferred Compensation
A nonqualified deferred compensation (NQDC) plan allows executives to defer a large portion of compensation = and corresponding income tax – to a later year, ideally when your tax bracket is expected to be lower. Through the course of your and your key employees’ careers, this scheduled distribution structure can cover shorter-term goals, such as college tuitions, or long-term goals, such as retirement.