Your Business and Personal Financial Life Are Closely Connected
For many business owners, the company is much more than a source of income. It may represent years—or decades—of work. It may employ family members and longtime employees. It may be your largest financial asset. And it may ultimately become one of the primary sources of wealth that funds your retirement.
That creates financial planning challenges that are different from those faced by many traditional employees.
At Integrity Wealth, we help business owners coordinate the financial decisions surrounding their business with the goals they have for themselves and their families.
Schedule a ConsultationThe Business May Be Your Largest Asset
Traditional financial planning often focuses on retirement accounts, investment portfolios, and personal savings.
For an entrepreneur, that may only tell part of the story.
Your financial picture may also depend heavily on:
Our goal is to help you look at your business wealth and personal wealth as parts of the same financial picture.
Planning Through Every Stage of Business Ownership
Building Personal Wealth Outside the Business
Successful owners often reinvest heavily in their companies. That can create tremendous opportunity—but it can also leave a significant portion of personal wealth concentrated in one asset. We can help you evaluate strategies for building investments and retirement assets outside your company so your personal financial future is not dependent entirely on the value of the business.
Explore Planning for Business Owners →Preparing for an Exit
Every owner eventually leaves the business. The transition may involve selling to an outside buyer, transferring the company to family, selling to employees or management, bringing in a partner, or another succession strategy. Preparing well in advance can give you more time to evaluate what you want from the transaction—financially and personally.
Explore Business Exit Planning →Managing Wealth After the Sale
Selling a company can transform an owner’s financial life. Wealth that was previously concentrated in the business may suddenly become cash and investments that now need to support you and your family for decades. We help owners think through how much should remain liquid, how proceeds may be invested, how retirement income can be created, and how the new wealth fits within their estate and legacy plans.
Explore Wealth Management After Selling →Connecting Business Decisions With Personal Goals
Business decisions are often personal financial decisions as well. For example:
Our planning process helps connect those decisions.
Areas We Can Help Business Owners Evaluate
Depending on your circumstances, planning may include:
Our objective is not to replace the professionals already advising your company. It is to help coordinate your personal financial strategy with the decisions being made around your business.
- Personal financial planning
- Investment management
- Retirement planning
- Building wealth outside the business
- Employer retirement plans
- Insurance and risk management
- Business succession considerations
- Exit planning
- Business-sale proceeds
- Tax-aware investment planning
- Estate, legacy & charitable planning
- Coordination with attorneys, CPAs & brokers
How Much Do You Need From the Business?
For many owners, determining the value of the business is only one part of planning an exit.
Another question may be even more important:
How much do you need from the business to support the life you want afterward?
Financial planning can help work backward from your personal goals. We can evaluate:
That can help you better understand how dependent your financial future may be on the eventual business transaction.
Preparing for Life After Business Ownership
Selling a company does not only change your balance sheet. For years, your business may have determined where you spent your time, who you worked with, and what you focused on every day. Planning for the next chapter should therefore include more than a transaction.
What do you want your life to look like after the business?
- Retire
- Start another company
- Invest
- Travel
- Spend more time with family
- Support charitable causes
- Help the next generation
The financial strategy should ultimately support those objectives.
Coordination With Your Other Professionals
Business ownership often requires a team. Depending on the situation, that may include:
Integrity Wealth can work collaboratively with your existing professional relationships so financial decisions surrounding your business remain connected to your personal financial plan.
Business Owner Planning at Integrity Wealth
Planning for Business Owners
Coordinate your business and personal finances while building wealth beyond the company.
Learn More →Business Exit Planning
Prepare financially and personally for the transition from business ownership.
Learn More →Wealth Management After Selling a Business
Develop an investment, income, and long-term wealth strategy for the proceeds from your business sale.
Learn More →Frequently Asked Questions
When should a business owner begin exit planning?
Ideally, planning begins well before a transaction is expected. Additional time can provide greater flexibility when considering personal financial goals, succession alternatives, business value, and the amount of wealth needed after the exit.
Can you help determine how much I need to sell my business for?
Financial planning can help estimate the level of assets you may need to support your desired lifestyle after the business. That analysis can provide useful context when considering an eventual sale or transition.
Can Integrity Wealth invest the proceeds after I sell my business?
Yes. We can help develop an investment and wealth management strategy for business-sale proceeds based on your goals, income needs, time horizon, risk tolerance, and overall financial circumstances.
Will you work with my CPA, attorney, or business broker?
Yes. Business transitions frequently involve multiple professional disciplines, and we can coordinate with your existing advisors when appropriate.
