Broker Check

For Business Owners

At Sterling Wealth Strategies, we strive to serve as a trusted business consultant. Beyond assisting with benefits packages, we also help business owners protect their business and prepare for their eventual exit.

Succession Planning

It is important to have a plan for when you eventually exit your business, whether it’s selling, going public, or transferring it to a family member. Whatever you decide, a succession plan is critical for ensuring a smooth transition and organized transfer of ownership. We believe a succession plan should address multiple concerns and goals, including your business owner retirement objectives and desire to protect against unexpected occurrences. We can develop a succession plan designed to help you:

  • Retire on your schedule
  • Plan for the unexpected
  • Coordinate with your estate plan to minimize taxes
  • Efficiently transfer your business to a buyer or successor

Buy/Sell Strategies

Life insurance is designed to help protect a family in the event of an untimely death of a primary wage earner. But what protects a business in the event of a business owner’s death or total disability? One way to safeguard your business and protect it from a loss of revenue is to create a buy-sell agreement. Beyond offering advice on the agreement, we can work with your attorney to determine the right type of agreement.

Retirement Planning

About one third of small business owners have no pension or retirement savings and no idea how they will retire. When working with our professionals, you have a variety of retirement options available and we can introduce you to multiple retirement strategies. As a team, we can develop the plan that works best for you and your business.

Estate Planning

A lack of planning impacts what you leave behind. You may think estate planning is just for the super wealthy, but having an estate plan is especially important for business owners who often have a significant portion of their assets tied to their business. We can help ensure that you have a properly structured estate plan that is designed to leave behind the legacy you want to build for your family and your business.

Key Employee Planning

What happens if your most important employees leave? A key employee is someone you can rely on and someone whose skills and business knowledge may be hard to replace. It's important to protect these individuals with incentives that encourage them to stay for the long-term. We can help you put employee benefit programs in place that enable you to buy loyalty and retain top talent, while providing business flexibility.

Every business is different and there is no "one size fits all" recipe for success. From retirement and pension plans, to a host of tax-advantaged financial solutions, our professionals have the resources and expertise to bring you solutions that fit your business and your long-term goals.