Planning for the Worst, Preparing for the Best
This installment of the Empower Hour event series will offer content from the Guardian Small Business Webinar Series that looks at how having a buy-sell agreement can lead to an easier sale and better retirement.
OVERVIEW:
When it comes to business protection strategies, one of the most important tools available to small business owners is a comprehensive and properly funded buy-sell agreement. But there are many misconceptions and unknowns around buy-sell agreements that can have unintended consequences. For example, many business owners don’t realize that how the funding is structured can have major tax and business sale ramifications.
For this complimentary webinar, Neal Brincefield, Financial Advisor and Managing Partner of Consolidated Planning, Inc. and a Special Consultant to The Living Balance Sheet®, will cover:
– The problems associated with most buy/sell agreement funding
– How using a special purpose LLC can reduce taxes while also making your business easier to sell
– How the life insurance purchased to fund a buy/sell agreement can be repurposed to increase income and lower taxes in retirement after you sell
Speaker
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Neal Brincefield RICP® CLU® ChFC® CExP™Financial Advisor and Managing Partner of Consolidated Planning, Inc.Neal Brincefield is a Financial Advisor and Managing Partner of Consolidated Planning, Inc. and a Special Consultant to The Living Balance Sheet®. Neal works to grow CP’s advisor base, manage the firm’s training and development program, and helps each advisor reach his or her highest potential. As one of CP’s 110+ advisors, Neal works with individuals, families, and business owners to help them plan lives of significance: a goal achieved through organization, protection, and a clear focus on what matters most to each individual. He finds nothing more satisfying than giving a client confidence, clarity, and real results when it comes to his or her financial world.
As a highly accomplished financial advisor, communicator, and teacher, Neal has also provided training, coaching, and joint work to advisors with other planning firms across the country and has frequently been a speaker at national industry events.
