Our Services: Business Planning
Running a business is exciting, challenging and rewarding. Whether you are the owner, manager or officer , the ins and outs of running a business are very much like a cross country marathon. Every corner you turn seems to confront you with a new and different issue than the last. There's the uphill battles and the easy down hill stride.
The business mind needs to be prepared for the changing winds and weather associated with doing business in today's economy. Dettlaff & Company associates are dedicated to working in the business marketplace. We strive to continue educate ourselves on the ever changing needs to best serve our business clients.
Products & Services
Our focus is helping you improve your quality of life through financial peace of mind. We offer a wide variety of products and services to help you solve today's personal and business financial situations and to prepare for the future.
Business Solutions: Business Continuation Planning
Make plans today for the future of your business and your family .
Imagine what would happen if your business suddenly had to continue without you, a partner or key employee.
Disability, retirement or even death,of a key employee or executive can create a crisis in the future succession of your business. If you died, or were unable to run your business, would your family be able to successfully operate the business? If your partner became disabled, would you have the funds to buy her or him out? If you had a person in mind or a successor to buy the business, where would they get the money? If in a partnership and your partner were no longer there, could you afford to buy his or her share?
Sadly, 55% of family businesses fail to pass on to the second generation. Only 30% of businesses pass to the second generation and only 15% pass to the third generation.*
(*2014 U.S. Small Business Administration)
With a carefully constructed business succession plan, you can create a solid foundation for the future of your business — and the people, clients and customers who depend on it. Working together with your attorney, accountant and other advisors, we can help you pull together the necessary elements of a successful business continuation plan.
- Funding Option Analysis
- Buy - Sell Strategies
- Family Business Succession Planning
- Key Person Insurance
Executive Fringe Benefits
- Executive Bonus Plans
- Split Dollar Insurance
- Deferred Compensation Funding
- Salary Continuation Plans
- Non-Qualified Executive Fringe Benefits
- Retirement Income Protection
Employee Benefit Program
- Group Health and Welfare plans and programs
- Life and Disability Income Insurance
- Pension, Profit Sharing and 401(k) Plans
- Tax Sheltered Annuities (TSA plans)
- Payroll Deduction Plans
- Discounted Group Automobile, Homeowners and Umbrella
- SIMPLE IRAs
- Non-Qualified Retirement Programs