Business owners face unique challenges—and opportunities—in terms of financial planning. It takes hard work and careful planning to develop ideas into a successful business: continue that tradition by choosing a financial planning strategy that takes advantage of your unique situation.

For business owners who are considering moving to self-employment, a comprehensive plan can help with the adjustment from a situation where a previous employer might have provided benefits, such as health or life insurance or a company pension. Life and disability insurance can be difficult to purchase at first, since many insurers want two years of tax results. As well, self-employed people can gain tax write-offs for some health insurance premiums.

For new business owners, a financial planner can help negotiate a bank loan or line of credit to help fund office space, materials and other business investments. Explore options to most effectively secure these start-up expenses.

No matter what stage of growth your business is in, contact us today to design a tax-efficient business planning strategy.