How will you retire from your business?
Peter, 50, started a small business eight years ago and now has over 30 employees. Peter knew he was paying too much in taxes and was getting concerned that he had no financial plan in place for retirement. He was also considering selling his business to his employees but his money was trapped in the corporation and he did not have a way to exit in a tax efficient way.
Charles guided Peter to a local attorney who completed a corporate reorganization. This reduced his personal taxes from 35% to 15% and Charles was able to use the tax savings to create a tax-advantaged retirement program for Peter. They also created a structured Employee Stock Ownership Plan (ESOP), which will allow the company to be purchased using pre–tax dollars.
What makes Charles different is his depth of knowledge and experience solving the complex challenges facing business owners. Charles can assist you in crafting a carefully executed plan that blends financial, legal and tax strategies to help your company avoid unnecessary taxes and then show you how to use these tax savings to fund your retirement plan.