Business Owners Financial Services
Building a good business is one thing, but running it successfully is another: it requires financial planning that propels growth, secures assets and prepares for the future. We infuse comprehensive financial strategies designed for business owners at MCC Financial that attempt to help you make confident decisions while navigating the complexities of finance.
Whether you need a solution for employee benefits, executive compensation, succession or exit planning - with us the solutions will fit your business goals into long-term financial success. Acting as your partner with a customized, individualized plan that positions every strategy for your company’s growth, stability, and legacy.
Qualified Plans
Tax-Advantaged Retirement Solutions for You and Your Employees
Qualified plans represent some of the best long-term financial security vehicles available, with great benefits to employees as well. Benefit plans provide big savings on taxes and assist in hiring and retaining companies.
Our qualified plan services include:
- 401(k) and profit-sharing plans
- Cash Balance & Defined Benefit Plans
- Employee stock ownership plans (ESOPs)
- Design and administration of custom retirement plans
Qualified plans help employers and employees alike save for their retirements in a tax-preferred fashion - an advantage that makes them one effective piece of any business financial strategy.
Executive Benefits
Attract, Reward, and Retain Top Talent
Today's competitive business environment requires that as companies try to attract and retain high-performing executives they need a different approach than simply compensation. Executive benefit plans are designed to offer the kind of incentives you need to connect leadership goals with company performance.
We specialize in the design of extended executive benefit programs including:
- Supplemental executive retirement plans (SERPs)
- Executive bonus plans
- Performance-based incentive programs
- Executive life and disability insurance
These solutions allow businesses to continue being competitive while incentivizing key personnel to contribute towards sustainable growth and profitability. Executive benefits also play an important role in aligning leadership interests with organizational success.
Deferred Compensation
Flexible, Tax-Efficient Wealth Planning for Business Owners and Executives
Deferred compensation plans enable business owners and key employees to defer a percentage of their comp to a later date, usually retirement as well. This strategy also offers tax breaks and contributes to wealth accumulation over time.
Some of the main advantages of deferred compensation plans include:
- Tax-deferred growth on income
- Ability to pay and contribution method flexibility
- Enhanced retirement income planning
- Selective participation for key employees
These plans provide important benefits that help to supplement retirement savings where regular qualified plan limits have been exceeded. They're also incredibly effective retention tools, as long-term commitment from key employees is encouraged.
Buy-Sell Agreements
Ensure Business Continuity and Ownership Protection
A buy-sell agreement is a vital part of business planning, as it describes who will own an owner interest upon the death, disability or retirement of an owner.
We help structure agreements that:
- Maintain business continuity in situations when a disaster occurs
- Clearly define valuation techniques for equity stakes
- Avoid disagreements between partners or heirs
- Fund strategies via insurance solutions
A properly drafted buy-sell agreement can help business owners adjust to life after their deaths without the uncertainty of whether ownership will remain intact, but it also helps ensure stability in the financial fortune of a company.
Key Person Attraction & Retention Plans
Protect Your Business by Securing Your Most Valuable Assets
Your key employees are the drivers of success for your company. The exit of a star performer can cause the operations to scream, revenues to dwindle and have an impact on future growth.
Our key person strategies include:
- Blackrock key person life and disability insurance
- Retention bonus plans
- Deferred compensation incentives
- Performance-based reward structures
Such solutions not only give your business financial protection, but help you win and retain top talent in a competitive labour market as well. Firms do this to create what is often called a suite of ‘golden handcuffs’ meaning that pension funds and other instruments look to lock in loyalty but have the employee (mainly) binded for the long-term.
Succession Planning
Plan for a Smooth Transition and Preserve Your Legacy
Succession Planning means your business survives when people leave the business. An exit strategy is important no matter what route you choose to take, whether with family members, partners or outside buyers.
- You learn about succession planning services.
- Develop a structured exit strategy
- Reducing tax effect on transfer of ownership
- Identify and prepare future leaders
- Save your business value
Having a bequest plan in position isn’t just essential for neighbouring jobs, yet it likewise gives genuine sympathy realizing that the work you put into your business may yield results for future ages.
Employee Benefits
Build a Strong Workforce with Competitive Benefits Packages
Providing competitive employee benefits is needed to attract and retain a skilled workforce. When your benefits program is designed properly, it elevates employee satisfaction, productivity and loyalty.
We help businesses build customized benefits packages such as:
- Life, disability and group health cover
- Retirement and pension plans
- Voluntary and supplemental benefits
- Adaptable benefit systems based on dynamics of the labor force
Strategic Financial Planning for Business Success
Integrated Solutions for Long-Term Success
We comprehensively integrate several financial approaches into a single solution that works for your business. Instead of managing each piece individually, we make certain that every element of your financial strategy meshes with the others.
Our process includes:
- Identify: We evaluate your business objectives, financial hurdles, and paths to growth.
- Educate: All the insights and recommendations are clear with a perspective guiding you to make informed decisions.
- Implement: That’s why we design and implement a tailored to your goals.
Following this structured path guarantees that your financial plan will change as you grow, and adapt to whatever life throws at you.
Why Choose Our Business Owner Services?
Tailored Strategies Designed for Growth and Protection
We know each business is different. And that's why we program to provide you with tailored solutions that match your unique objectives and challenges.
What sets us apart:
- Customized financial planning for entrepreneurs
- Seamless Analytics across Insurance and Benefits
- Expertise on executive compensation & succession planning
- Continued Guidance with Adapting Strategies to Business Evolution
We will guide you through setting up a sustainable, profitable business and becoming financially secure.
Your business is one of the most valuable assets you have. Safeguard it, cultivate it and prepare for its future with no apprehension. Our business financial services are here for you at every turn to help with everything from growing operations, keeping your star employees, or planning succession.
Get in touch with us today to book a consultation and find out how we can help you secure long-term success.