Business Owner Financial Strategies with Tom Suvansri
Release Date: 01/20/2023
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I often get asked, is a policy loan best for this purchase (or investment)? My answer 'It might be! Let's discuss'. This episode talks about what drives interest rates, where to borrow and why, and the overall impact on your ability to grow your Agency. We cover Direct Recognition loans, Variable vs Fixed rates and much more - come listen so you can grow AGENCY! Episode Highlights How understanding interest rates can be beneficial Role and importance of understanding how interest rates work over a long period of time How rates for savings accounts might significantly increase in...info_outline Legacy - How and Why do we do it?
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My friend and colleague in the traditional financial services industry, Tom Suvansri, and I discuss all the different ways that we help our business owner clients. We discuss employee incentives, owner buy-sell and succession, essential team member bonuses and compensation, and more.
- Different entity structures and methods for retaining key members
- Tax strategies for business owners
- Understanding business entity structures for taxation and asset protection
- Exploring the benefits of a 401K plan for small business owners
- Cash bonus and non-deferred compensation programs to retain key employees
- Qualified versus Non-qualified compensation plans
- Creating a buy-sell agreement and securing funding for buyouts
- What a business owner's life insurance policy is
- Business continuity and succession planning for young adult businesses
- Estate and succession planning for growing businesses
- Tom’s advice on estate planning and handling your finances
Links and Resources from this Episode
- Connect with Gary Pinkerton
- [email protected]
- Connect with Tom Suvansri
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