Business Planning
Comprehensive Planning for Every Stage of Your Business
Business owners face unique financial challenges. As your company grows, the decisions you make—from protecting key employees to preparing for succession can have a lasting impact on your financial future. At McPherson Financial Partners (MFP), we are your long-term strategic partner, to help you protect, support, and eventually transition your business with confidence.
Our Business Planning services are built to support the full lifecycle of your company:
- At startup: Ensuring your business is properly structured, protected, and prepared for growth
- During growth: Implementing benefits, compensation strategies, and risk management solutions to attract and retain key talent
- At transition: Guiding you through succession planning, exit strategies, and the eventual sale or retirement
Business Transfer & Succession Planning
A successful exit doesn't happen by accident.
We help you design a smooth tax efficient transition, whether you are passing the business to family, partners, or an outside buyer.
Our process includes:
- Identifying successors and leadership continuity
- Valuation considerations and transition timelines
- Tax smart strategies for selling or transferring ownership
- Minimizing business disruption during the transition
Executive Bonus Agreements
Rewarding top talent is essential for long-term success.
Executive Bonus Agreements are a flexible way to:
- Attract, retain, and motivate key employees
- Provide supplemental benefits for leadership
- Offer simple, cost effective rewards without long-term administrative burdens
Deferred Executive Compensation
Non-qualified deferred compensation plans give business owners and key leaders a powerful tool for tax management and long-term wealth building.
These plans allow companies to:
- Offer selective benefits to executives without ERISA restrictions
- Defer income taxes for the participant
- Customize vesting schedules to encourage retention
Buy Sell Agreements
A buy sell agreement is essential for businesses with multiple owners.
We help craft agreements that:
- Define what happens if an owner dies, becomes disabled, retires, or wishes to sell
- Establish clear valuation methods
- Provide funding strategies to ensure a smooth transition
- Protect both the business and the remaining owners
Key Person Insurance
Your business depends on its leaders.
Key Person Insurance protects your company if a vital employee passes away unexpectedly, helping you cover:
- Lost revenue
- Recruitment and training costs
- Business debt obligations
- Operational continuity
Disability Buy Out Plans
If an owner becomes disabled, business operations—and finances—can be jeopardized.
A Disability Buy Out Plan:
- Provides the funds needed to buy a disabled partner’s interest
- Ensures the disabled owner receives fair value
- Protects the company from ownership disruption
- Complements your buy sell agreement
Executive Long Term Care Solutions
Long-term care coverage is an increasingly valuable benefit for executives and owners.
We help companies:
- Design LTC plans exclusively for leadership or key employees
- Integrate these benefits into compensation packages
- Strengthen recruitment and retention strategies
Let’s build a strategic plan that supports the entire lifecycle of your business.