<strong>PURPOSEFUL PLANNING</strong>


Building a business is about more than creating an income source. It can also represent achievement, pride, fulfillment and so much more.  Let’s work together to make sure that you maximize its value and take care of the key people around you.   

With countless daily demands on your time, it can be hard to focus on saving for retirement and what happens after you retire. Whether it’s a buy-sell agreement between owners or an income preservation plan for your loved ones, R&R Wealth Management offers comprehensive support for complex business planning needs.

Business Continuity

The value of your business and the income stream upon which you and your family depend can be significantly impacted in the event of death or disability.   There are three options:

  1. Retain the Business for the Family
  2. Sell to Internal or External
  3. Liquidate on a Planned Basis

Business continuation planning evaluates the alternatives to assure your goals become a reality. 

Buy-Sell Agreements*

The buy-sell agreement controls what happens to company stock upon the occurrence of a triggering event such as death, retirement or disability of a shareholder. 

It is a contractual agreement between shareholders and their corporation or between a shareholder and the other shareholders of a corporation.  Partner and LLC Members can also have a buy-sell agreement.

Key Person Coverage

Every business has 1+ key persons responsible for the success of the business.  Key employee insurance can help manage the tangible financial loss.

  • Compensate for Loss of Skill
  • Compensate for Loss of Experience
  • Replace Lost Profits
  • Locate, Hire and Train Replacement
  • Provide Financial Reserve 
  • Fund Purchase of Deceased's Ownership
  • Provide Benefits to Deceased's Family

Asset Preservation

Without proper insurance coverage, a business risks being severely damaged or even destroyed when disaster strikes.  Business insurance falls into these general categories:

  • Property Insurance
  • Liability Insurance
  • Business Auto Insurance
  • Workers’ Compensation Insurance
  • Business Owners Policy (BOP)
  • Life and Disability Insurance

Business Valuation*

Knowing the value of your business will help with the sale of the business, buy/sell agreements and estate planning if business assets are part of your estate.  Five methods of business valuation:

  • Book Value
  • Straight Capitalization Method
  • Capitalization of Earnings
  • Years’ Purchase Method
  • Discounted Future Earnings

Deferred Comp (NQDC)

Non-Qualified Deferred Compensation plans provide businesses the opportunity to make discretionary contributions - in excess of qualified retirement plans - to retain and motivate key employees including incentive-based contributions.

  • Restores Benefits Limited by IRS
  • Flexible Distribution Options
  • Individualized Investment Strategy
  • No Contribution/Participation Limits
  • Simplified Report & Disclosure Rules

*R&R Wealth Management does not offer business valuation or buy sell agreement services but can help support them through legal and tax professionals.

Contact our Business Planning Financial Advisors:

Thank you!