COMPREHENSIVE SERVICES
Entrepreneurs & Business Owners
“…The professionals at Ballast, with their expertise and knowledge, were able to prepare our businesses for a safe and secure transition…”
This testimonial is from a client of Ballast, Inc. Clients are not compensated for sharing their opinions and experiences with our firm. Any compensation creates a conflict of interest and any client’s comments may not be representative of any other person’s experience with the firm.
As business owners ourselves, we understand the many hats you wear, the risks/stresses that are associated with your business, and the opportunities that are available to both you and your employees. Let us help establish an overarching plan, seeking to optimize your business opportunities, in coordination with your personal financial planning and personal life.
- Plan for Business Exit
- Diversification
- Tax Optimization
- Charitable Giving
- Income Stabilization
- Balance Sheet Preparation
- Lifestyle Business vs. Enterprise Business
- Capital Improvements Decision Making
- Debt Decision Making
- Financial Statement Guidance
- Grow vs. Exit Decision Making
- Equipment Buy vs. Lease Decision Making
- Real Estate Rent vs. Ownership Guidance
- Inventory Purchase Guidance
- Hiring Guidance
- Assist with Financial Projections
- Provide Objective Feedback
- Assist with Design/Modifications of Business Plan
- Assist with Internal Budgeting/Accounting
- Guide Brainstorming
- Set and Monitor Goals
- Balance Organizational Growth vs. Current Needs
- Establishing Savings for Aspirational Purchases
- Provide Long-Term Discipline
- Accountability Partner
- Retirement Plan to Benefit Owners
- Insurance Coverage to Benefit Owners
- Provide Guidance Across Multiple Owners/Perspectives
- Design Owner Income and Profit Distributions
- Assess Risk Management Across Owner's Lives
- Asses Liquidity Needs
- Analyze Future Liquidity/Investment Needs
- Cash Holding Vehicle Guidance
- Operating Reserve Guidance
- Manage FDIC Insurance Coverage
- CPA/Tax Preparer
- Estate/Business Attorney
- Banker/Lender
- Realtor
- Insurance Agent
- Retirement Plan Guidance/Selection
- Group Health, Disability, & Life Insurance
- Key Employee Benefits
- Fringe Benefits
- FSAs vs. HSAs
- Key Person & Interruption Insurance
- Death & Disability Buy/Sell Insurance
- General Liability Insurance
- D&O Insurance
- Worker's Compensation
Resources
Evaluation of a Job Offer
Key Takeaways – The following considerations must be made when reviewing an opportunity to take a new job or leave a W2 salary to start
Should Business Owners Raise Their Salary to Earn More Social Security?
Key Takeaways: Lower taxes are better, right? We spend a great deal of time planning around the tax code to help people accomplish their goals
To learn more about ways we can help, visit our Resources page or schedule a call.
