If you’re a small business owner and have struggled with cash flow management, tax planning, employee benefit options, or haven’t considered your exit strategy, don’t wait any longer. Among many other decisions, you’ll need to determine the most appropriate structure for your business and how to leverage it to grow your personal wealth.
The checklist below shows some of the key options you need to consider when thinking through this part of your planning:
- Are you allocating the time to draw a business plan consistently, and revisit it throughout each year?
- What risks are present in your plan?
- What short and long term tax reduction strategies are available to you?
Reaping the benefits of the resources and effort you’ve put into your business requires time, thought, and diligence.