Comprehensive Financial Planning for Business Owners
Cost: 1 hour@ €150
As a business owner, sole trader, shareholder, or director, you face unique challenges, balancing responsibilities to your family, employees, and shareholders.
Planning for the future isn’t one-size-fits-all. Your business has unique needs, and we’ll work closely with you to understand your financial goals for both your family and your business.
Managing Risk
Business protection is essential for maintaining your company’s financial stability. It includes strategies like Key Person Insurance, Shareholder Protection, and Business Loan Protection, all designed to minimize the impact of losing key individuals.
Life assurance contracts play a vital role in business protection, ensuring funds are available to buy out a deceased shareholder’s stake. This not only provides financial security for their family but also helps prevent control issues and ensures the business continues to operate smoothly.
Every sole trader/company should have a solid business protection plan that includes succession planning and financial risk management. These strategies are crucial for managing the loss of key personnel and ensuring the continuity of your business.
Types of Business Protection
There are several types of business protection, each addressing specific risks:
- Key Person Insurance: A life insurance policy taken out by the company to cover financial losses from the death or serious illness of a crucial employee.
- Shareholder Protection: Provides funds to surviving shareholders to purchase the share of a deceased or incapacitated partner, securing control of the business.
- Business Loan Protection: Covers outstanding corporate debts, protecting the business from financial strain if a key individual responsible for the debt is unable to fulfill their obligations.
- Business Owner Income Protection: Safeguards the business owner’s income if they are unable to work due to illness or injury, ensuring personal financial stability and supporting the ongoing operation of the business.
Retirement Planning
As a business owner, retirement might seem far off, but building a wealth portfolio for the future is essential. By maximizing your contributions, you can take full advantage of significant tax benefits.
Unlike non-business owners, you have the opportunity to contribute much larger amounts to your pension. This allows you to secure the lifestyle you’ve worked hard to achieve, ensuring comfort in retirement.
Let us help you secure a brighter financial future.
Effective planning is essential for your business's success, especially when facing potential risks and unexpected challenges. Preparation is key.
At DKFS, our financial advisors specialize in retirement and pension planning tailored for business owners, along with comprehensive business protection strategies.
We’re also experts in savings, investments, and both personal and business financial planning. Consult with our team at DKFS to proactively plan for your business’s future challenges and opportunities.
